Asset Manager

Description

Asset Manager - Houston Corporate Office

Hilltop Residential is seeking a highly motivated Asset Manager who will be a key member of our Asset Management team and will play a critical role in optimizing the performance of our multifamily property portfolio. Reporting directly to the Managing Director of Asset Management, the Asset Manager will conduct in-depth financial analysis, market research, and operational evaluations to support data-driven decision-making. The successful candidate will collaborate with cross-functional teams to ensure the effective execution of asset management strategies, ultimately driving property value and investor returns.

Hilltop Residential is a world-class real estate investment company that provides unparalleled excellence to our customers and investors. Hilltop Residential was founded in 2017 and currently owns and operates $1.8 billion of multifamily properties throughout the major markets in Texas and the southeastern United States.

Hilltop is a certified Great Place to Work six years in a row, as well as being named a Top Workplace by the Houston Chronicle. We are searching for motivated and talented individuals to be a part of our growing Hilltop family.

Hilltop Residential Offers Great Benefits!

• Competitive Pay • 401k with Company Match • Comprehensive Medical and Dental plans • Paid Vision Plan • Paid Life Insurance • Employee Referral Program • Short and Long-Term Disability • Paid Time Off • Employee Rent Discount Program • Rapidly Growing Company with Opportunities for Growth

Responsibilities Include:

• Perform detailed financial analysis of multifamily properties, including budgeting, forecasting, variance analysis, and sensitivity modeling.
• Evaluate property-level financial performance, identifying opportunities for revenue growth and cost optimization.
• Act as the main contact with portfolio equity partners, completing required reporting and conducting monthly financial reviews.
• Assist in the investment process by collaborating with the investment team on new acquisitions, providing input during due diligence, analysis, and underwriting, and contributing to deal strengths/weaknesses and repositioning strategies.
• Analyze capital expenditure plans and assess their impact on property cash flows, property valuation, and long-term value.
• Conduct market research and competitive analysis to identify trends, opportunities, and threats within multifamily markets.
• Provide actionable insights on market conditions, rental rates, and demand drivers to inform investment decisions.
• Collaborate with property management teams to monitor and enhance operational performance.
• Develop and implement strategies to optimize property occupancy, rental rates, and overall resident satisfaction.
• Prepare and present regular reports on property and portfolio performance to senior management, equity partners, and other stakeholders.
• Communicate key findings, recommendations, and insights to internal teams and external partners to support decision-making.
• Review and propose strategic plans for capital expenditures; track interior and exterior projects with reporting on timeliness, return on cost analysis, and overall quality.
• Manage loan compliance, administration, analysis, and communication with lenders, ensuring adherence to loan covenants and timely reporting.
• Conduct 6-month, 12-month, and 2-year lookback analyses to evaluate historical performance and identify improvement opportunities.
• Assist in the development and execution of asset-specific and portfolio-wide strategies to maximize returns and achieve investment objectives.
• Conduct regular reviews of national and regional market conditions to inform pricing and operational strategies.
• Oversee technology and system implementations to improve tracking, reporting, and overall asset performance.
• Evaluate and propose sustainability initiatives to improve NOI and align with long-term property goals.

Pricing and Revenue Management Support:

• Partner with the Pricing and Revenue Management team to develop and execute property-level pricing strategies.
• Review weekly pricing recommendations, occupancy trends, exposure, traffic, applications, cancellations, and leasing velocity.
• Provide asset-level context on budgets, ownership objectives, capital plans, operational challenges, and investment strategy.
• Evaluate new lease rates, renewal rates, concessions, premiums, and pricing by floor plan and unit type.
• Identify properties or floor plans requiring pricing adjustments based on occupancy, availability, days vacant, and leasing performance.
• Participate in recurring pricing and revenue calls with Revenue Management, Operations, and property teams.
• Review market surveys, competitive rents, concessions, occupancy, new supply, and demand trends.
• Challenge pricing recommendations when property performance, market conditions, or ownership strategy supports a different approach.
• Track the financial impact of pricing decisions on revenue, occupancy, bad debt, concessions, and NOI.
• Review renewal performance and recommend renewal increases, retention strategies, and resident-specific adjustments.
• Coordinate with Operations to ensure approved pricing strategies are implemented at the property level.
• Monitor results following pricing changes and recommend further adjustments based on leasing activity and conversion trends.
• Help improve pricing reports, revenue dashboards, and performance tools used by Asset Management, Revenue Management, and senior leadership.

Requirements

• Bachelor's degree in Finance, Real Estate, or a related field; advanced degree or professional certifications (e.g., CFA, CPM, CCIM) is a plus.
• 3+ years of experience in multifamily real estate asset management or a related field.
• Proficiency in financial modeling and analysis, with strong Excel skills.
• Knowledge of property management software and tools.
• Excellent communication and presentation skills.
• Strong attention to detail and analytical capabilities.
• Ability to work collaboratively in a team-oriented environment.
• Understanding of real estate market dynamics and trends.
• Travel up to 50%

This position reports directly to the Managing Director of Asset Management. This position will be fully in-person at our Corporate Office located at 9651 Katy Freeway Suite 550, Houston TX 77024.

Applicants are evaluated on the basis of job qualifications—not race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital or domestic partner status, citizenship or any other status or characteristic covered by federal, state or local law.