Vice President of Asset Management

Washington, DC, United States

POSITION: Vice President of Asset Management

REPORTS TO: Principals

LOCATION: Corporate Headquarters, NE Washington, DC

The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, asset and property management, and general contracting company specializing in multi-family properties predominantly in the Washington, DC metropolitan area, with our latest acquisitions in Baltimore, MD and Arlington, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors.

UIP Asset Management (UIPAM) seeks a motivated, people-centric, and knowledgeable Vice President of Asset Management to lead our Asset Management (AM) segment. Reporting to our two Principals, the VP of AM will strategically manage the financial performance and operations of UIP’s residential and commercial portfolios and provide mentoring and coaching to the AM staff. Using industry-backed standards and knowledge of local markets and regulations, they will empower their staff to effectively drive value for our residents and investors through maintaining stringent budgets, adhering to business plans, and planning for changes in the property management market.

DUTIES AND RESPONSIBILITIES

The VP of AM is responsible for setting the strategic vision and goals for the business unit, creating and fostering an ethical and professional leadership culture, and growing the business unit. In partnership with the Property Management leadership and team, they will work closely with the Principals to exceed investor expectations, ensure owner satisfaction, and continue to improve UIPAM’s profitability and operational effectiveness. They will conduct all business in a professional and ethical manner to serve internal and external customers and increase the goodwill and profit of the company.

STRATEGIC PLANNING & FINANCIAL ACUMEN

Develop and implement streamlined, updated regular analysis of UIP’s investments

In partnership with the Property Management and Accounting teams, recommend, develop, and implement industry standard investor reporting processes and procedures

Review monthly operations results and participate in monthly, quarterly, and annual reporting process by reviewing preliminary and final reports, draft variance reports, and bringing a critical, experienced eye to the reporting cycle

Assist in the creation of annual budgets by Property Management team

Manage the development of Annual Business Plans, as necessary

Regularly monitor, review, and report on adherence to operating and development budgets and be able to discuss findings in at a granular and portfolio level

Monitor and report on adherence to Annual Business Plans

Regularly visit properties/assets and development projects to make suggestions to improve property/asset performance

Work closely with the VP of Property Management and Regional Directors to ensure properties are meeting leasing goals and that staff has the resources to meet goals

Conduct market research and create competitive analyses of properties; apply market knowledge to assist in setting market rents and specials

Review problem vacancy and recommend solutions

Following an acquisition, partner with the Accounting team to ensure accurate entry of project details into Yardi

Draft weekly, monthly, quarterly, and annual investor reports as necessary

Respond to investor questions and conduct weekly, monthly, quarterly conference calls and in-person meetings

Attend Property Management and Development meetings; schedule and conduct Asset Management meetings

Manage, in conjunction with the CFO, the annual report and annual audit process with third party CPAs and manage presentation of annual reports/audits to investors

Other assigned projects and responsibilities as necessary

PEOPLE MANAGEMENT

Partner with HR and the Principals to establish and maintain a succession plan which will ensure that qualified successors are in training or in place for key positions

Develop a career development framework for employees

Partner with HR to supervise, coach, and mentor staff and support employee growth and development through effective recruiting, training, and disciplinary actions

Work with HR to establish and administer employee relations programs designed to motivate employees, boost morale, and maintain a positive work environment

Develop staffing recommendations and present them to the Principals in accordance with personnel needs

Manage the AM senior staff members

TRAINING

Responsible for ensuring that the AM staff is appropriately trained on relevant regulations, policies, procedures, and software

Work closely with the HR, ensure that managers and staff are appropriately onboarded and trained to efficiently and effectively perform their roles

COMPLIANCE & POLICIES

Review and update AM’s policies and procedures. Recommend new policies and operating procedures as needed for efficient company operation

Review and administer necessary insurance policies and stay abreast of legal issues and pending litigation

Monitor changes in building regulations for local jurisdictions and states and make appropriate recommendations for changes to policy

BUSINESS DEVELOPMENT & CONTRACTS

Develop and maintain relationships with key community stakeholders and clients

Provide sales leadership by leading efforts to identify opportunities, prepare and review proposals and presentations

Negotiate and write specifications for major contracts with preferred vendors, suppliers, and contractors for maximum cost savings

In partnership with Property Management, maintain Approved Vendors List and Contractors List – updated annually or as necessary

Ensure contractors provide Certificates of Insurance that meet the required insurance requirements and coverage

QUALIFICATIONS

15+ years of substantive knowledge of the property management industry, with a deep understanding of the DC, VA, and MD markets and regulations

Recent experience managing multi-family, retail, and mixed use assets

Bachelor’s degree in Business Administration, Accounting, Real Estate, or related field or relevant work experience

Substantial finance and accounting experience

Proven ability to lead a complex organization and set strategic direction and vision

Proficient in Microsoft Office Suite and project management software

Proficiency in Yardi

Strong leadership skills with the proven ability to motivate a team and drive productivity and results.

Excellent presentation, writing and communication skills with the ability to multi-task and change direction quickly

Strong work ethic, proactive, well-organized, detail-oriented, analytical, and professional

Ability to work in a fast-paced, self-directed, entrepreneurial environment

Demonstrated strong communications and interpersonal skills

ABOUT US

We believe in the value of people, and you deserve to be at an organization that values you as an individual and allows you to flourish and grow. We put our UIPeople first and are passionately driven to finding smart, talented people who make the perfect match for our organization, our residents, and our communities. We pride ourselves on our diversity of talent and entrepreneurial spirit.

We look forward to taking every opportunity to recognize our outstanding employees for their hard work and professional achievements. Our employees enjoy competitive compensation packages, with medical, dental, vision insurance; paid time off; 12 paid holidays; 401(k) with a company match; and variety of other benefits and perks.

The UIP Companies, Inc., is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, protected Veteran status, or any other applicable legally protected characteristics.

#J-18808-Ljbffr