MUST HAVE RESIDENTIAL PROPERTY MANAGEMENT EXPERIENCE

Responsibilities:

• Frequent valuations of potential deals as well as the existing portfolio.
• Assist with presentations for banks and investors.
• Calculate risk and return of decisions from purchases to how and when to allocate resources.
• Manage monthly budget of individual properties and the overall portfolio.
• Value, manage and replenish inventory from purchase to warehouse to final use.
• Understand changes in competitors’ accounting systems, methods and operations.
• Review all bills and invoices, resolve any issues or differences, and authorize payments.
• Work with employees to categorize expenses by property and by type (capital or operating).
• Account for the internal management fee (how much, which bank account covers what expenses).
• Review, negotiate and maintain a vendor database with existing contracts, rates and expirations.
• Oversee the creation of financial reports to owners and banks, on monthly, quarterly and yearly basis.
• Develop internal controls and regularly audit everything.
• Formally sign off on all payments.

Manage two accountants who are responsible for treasury and reconciliations including:

• Depositing over $500k of rents per month,
• Updating the accounting systems,
• Daily reconciliations with banks,
• Work with property managers to review and correct late fees, market rents, delinquency, and types of turnover (vacancy, pre-leased, notices to vacate).
• Manage the biweekly payroll process through Paychex,
• Maintain historical and current files and records.

Qualifications:

• MBA from top-tier school, with focus on finance and accounting.
• Minimum 2 years of real estate experience.
• Familiarity with Houston.
• Excellent with Excel.
• Excellent integrity in dealing with money, and care in calculations involving it.
• Flexibility in schedule and hours when needed.
• Optimally able to speak and understand Spanish.