Portfolio Manager

Portfolio Manager at Morrow & Associates Portfolio Manager at Morrow & Associates in Charleston, South Carolina Posted in 9 days ago.

Type:

full-time

Job Description:

On behalf of our client, a top 25 National Multifamily Housing Council merchant developer with a newly formed in-house asset management division, we are seeking a Portfolio Manager, Asset Management to join their team in Charleston, SC. This individual will take ownership of the firm's entire Class A multifamily development portfolio across Georgia and Florida overseeing assets from delivery through stabilization and sale. This is a highly hands-on role focused on new developments, including selecting and managing third-party property management firms, driving lease-ups, and executing business plans across a mix of garden, wrap, mid-rise, and high-rise assets. Travel is expected to be approximately 30-50%.

What They Offer:

Direct partnership with ownership and senior leadership. Full ownership of a growing, high-quality development portfolio. Opportunity to help build and shape a newly formed asset management platform. Strong visibility into investment strategy, execution, and disposition. Competitive compensation, benefits, and relocation assistance.

Primary Responsibilities:

Lead day-to-day asset management for a portfolio of Class A multifamily assets across GA & FL. Oversee new developments from delivery through lease-up, stabilization, and disposition. Select and manage third-party property management firms to ensure alignment with investment strategy. Drive leasing performance, occupancy, and rent growth in line with pro forma targets. Monitor asset performance against budget, underwriting, and business plans. Analyze financials (T12s, variance reports, KPIs) and provide clear, actionable insights. Track key metrics including occupancy, effective rents, concessions, delinquency, and NOI trends. Prepare investor reporting, quarterly updates, and ad hoc analyses. Support valuation efforts including BOVs, refinance analysis, and hold/sell decisions. Lead annual budgeting, business planning, and ongoing reforecasting. Evaluate property-level decisions including pricing, concessions, staffing, and expenses. Serve as the primary liaison with operating partners, ensuring accountability and execution. Represent the firm at industry events and build relationships with brokers and market participants.

Qualifications:

3+ years of experience in multifamily asset management, acquisitions, or a related field. Experience with lease-ups, new development assets, or value-add strategies strongly preferred. Strong financial and analytical skills with advanced Excel proficiency. Experience analyzing property-level financials, budgets, and investment performance. Ability to manage multiple assets and priorities in a fast-paced, entrepreneurial environment. Strong communication skills with the ability to translate data into actionable insights. High ownership mentality with a hands-on, execution-oriented approach. Bachelor's degree in Finance, Real Estate, Business, or related field (MBA a plus). Willingness to travel 30-50%.