Assist the Asset Managers in overseeing apartment assets in King, Pierce & Snohomish County by helping implement financial, cash flow, leasing & capital strategies to meet short term or budgeted goals.
Learn the different facets of property management to include marketing, leasing, administrative duties, maintenance duties, financial reporting, forecasting, and underwriting. Would include working side by side with the office and maintenance staff at select buildings as well as spending time with the Asset managers.
Assist the Asset Managers in evaluating current staff, unit appearance and curb appeal at all assets by shopping the buildings and writing up a detailed evaluation. Looking for a fresh set of eyes to provide constructive feedback and specific action items that would enhance the performance and appearance of these assets.
Assist the Asset Managers in fully understanding the markets where the assets reside. Would include shopping all comps currently listed on the market surveys as well as other surrounding communities in order to make recommendations on what properties need to be added/removed from the current surveys.
Assist the Asset Managers in evaluating current marketing in place, both online and in print, for all assets in the portfolio. Provide valuable written feedback on areas of improvement, effectiveness of current marketing sources, strength of online presence and recommendations for improvement. Take time to research and find new or unexplored marketing avenues that ultimately would drive more traffic to our assets.
During course of internship, there may be several big picture topics (i.e. local economic outlook, future apartment construction, military impact in Pierce County, impact of social media, Gen Y demographics, family formation statistics, job growth in tri-county area, etc) to research, analyze, and provide written and oral feedback on.
Expectation is for individual to be willing to work hard, not afraid to get their hands dirty and willing to be flexible and self-motivated in a dynamic and always changing work environment.
FLSA Status: Exempt
Supervisory Responsibilities: No
Essential Functions and Responsibilities:
1. Work closely with Asset Managers to understand key strategies for the apartment communities owned and/or managed by the company.
2.
Work closely with property managers and leasing agents to provide direction for and oversight of business plans, budgets, and forecasts.
3. Work closely with maintenance supervisors and technicians to understand day to day duties, including turning units, completing work orders, upgrading fixtures & hardware, and cleaning grounds.
4. Help analyze current business plan for select properties.
5. Work closely with Asset managers to review/prepare/analyze monthly financial reports, capital logs, accounts payable, checkbooks and forecasts.
6. Work closely with Asset and Investment managers in preparation of the 2013 capital binders.
7. Perform site inspections at all properties, noting any deferred maintenance or necessary capital improvements.
8. Provide pre-acquisition input and assistance for Asset Managers in due diligence process, including shopping comps, providing rent information, review of financial and operational assumptions, and compiling due diligence items requested by bank or ownership.
9. Provide input on lease ups, renovations and/or struggling assets as requested.
10. Respond to analysis and information requests in a timely manner.
11. Become a market expert for each property and participate in the development of marketing, leasing and resident retention programs tailored for each property.
12. Review and evaluate rent structure for each property based on market analysis and ownership objectives.
13. Assist the Asset Managers in meeting with third party contractors and vendors and reviewing multiple bids for capital projects.
14. Research and compare different siding and roofing options to include pricing, pros/cons and recommendations.
15. Willingness to work flexible schedule when required and overnight travel.
16. Perform routine office tasks necessary for the operation and presentation of information.
17. Exhibit genuine concern and respect for peers & onsite personnel and always conducts oneself appropriately and professionally.
18. Report to work regularly and on time.
19. Assist in other duties as needed and directed.
20. Maintain a positive attitude and be a team player.
Qualifications:
Special Licenses and/or Certificates:
None but a Licensed Real Estate Agent would be desirable
Education and/or Experience:
Experience in property management/leasing/operations desirable but not required.
Working towards a BA or BS degree in business, economics, finance, real estate, or other related field.
Computer Skills:
To perform this job successfully, an individual must have knowledge of: Internet Explorer; Microsoft Excel; Microsoft Outlook; Microsoft Word; Windows Operating System and be proficient in typing.
Other Skills and Qualifications:
Highly organized, self motivated and able to handle multiple priorities and tasks.
Strength of character and flexible style to work successfully with a range of people from peers, property staff, contractors, and vendors.
High level of integrity, honesty, and respect for others in both their personal and business relationships.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
I CERTIFY THAT I HAVE READ THIS JOB DESCRIPTION, IT HAS BEEN EXPLAINED TO ME AND I UNDERSTAND MY DUTIES AND RESPONSIBILITIES AS STATED HEREIN.
__________________________________________________ __________________________________
Employee Signature Date
Prepared By: Josh Obendorf & Frank Kim Prepared On: 4/12/12
Approved By: Approved On:
Exhibit A
General Competencies Required:
Intellectual: Organization:
demonstrates attention to detail conserves organizational resources
identifies and resolves problems in a timely manner shows respect and sensitivity for cultural differences
gathers and analyzes information skillfully promotes a harassment-free environment
develops alternative solutions treats people with respect
uses reason, even when dealing with emotional topics strives for personal and organizational excellence
assesses own strengths and weaknesses inspires the trust of others
displays critical/creative thinking works ethically and with integrity
possess necessary expertise to accomplish all tasks follows policies and procedures
seeks self improvement completes tasks correctly and on time
learns new skills to improve job performance supports organization's goals, values, and policies
Interpersonal: Self Management:
strives for continuous improvement and solicits customer feedback to improve service completes tasks on time or notifies appropriate person with an alternate plan
timely response to requests for information, service, and assistance observes safety and security procedures; reports unsafe conditions
maintains confidentiality displays willingness to make decisions
demonstrates a positive and productive attitude measures self against standard of excellence
displays self-control and keeps emotions under control, even under pressure follows instructions and responds to management directions
remains open to others' ideas and tries new things uses equipment and materials according to policy
speaks clearly; listens and gets clarification takes responsibility for own actions
exhibits objectivity and openness to others' views prioritizes and plans work activities
able to read and interpret written information manages competing demands; uses time effectively
writes clearly, accurately, and concisely is consistently at work and on time
Leadership:
looks for ways to improve and promote quality; makes recommendations for improvements able to deal with frequent changes, delays, or unexpected events
positive role model; exhibits confidence in self and others accepts responsibility; follows or exceeds organizational standards
demonstrates accuracy and thoroughness uses resources effectively and efficiently
teaches, coaches, inspires, mentors, empowers others anticipates and plans accordingly
exhibits sound and accurate judgment and logical reasoning works to improve team and organizational climate
Source: http://careers.bpwusa.org/jobs/4850207/summer-intern-apartment-assets
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