Portfolio Manager

Portfolio Manager Balfour Beatty - 3.5 Richardson, TX Job Details Full-time $115,000 - $125,000 a year 20 hours ago Benefits Disability insurance Health insurance Dental insurance Flexible spending account Paid time off Parental leave 401(k) matching Life insurance Qualifications Managing property portfolios Driver's License Bachelor's degree Property management company experience Full Job Description Who We Are Balfour Beatty Investments is a global infrastructure investor operating in the UK, US, and Canada. We provide the investment capability to deliver complex infrastructure projects. Over the past 15 years, Balfour Beatty Investments (formerly known as Balfour Beatty Capital) has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 60 projects worldwide, predominantly in the UK and US. Balfour Beatty Investments is proud to offer challenging and rewarding work in a variety of functional areas. As a company, we operate with safety and sustainability as our primary focus. Equally integral components of our culture are our values—Integrity, Teamwork, Excellence, Respect—and our code of conduct. Living up to these commitments requires the fresh ideas, insights and talents of employees as diverse as the audiences we interact with every day. The success of our company is built on the efforts of our employees. We are committed to offering our employees a path to professional success through development, training and mentoring opportunities that cover a wide variety of skills and functional areas. At Balfour Beatty Investments, our employees are our greatest asset and their well-being means a healthier, more productive workplace. We offer a comprehensive benefits package that includes a variety of health care options, retirement benefits and other flexible benefits. Our Benefits Discretionary bonuses Medical and Dental Insurance 1st of the month following employment Health, Flexible Spending and Dependent Care Accounts Company paid life insurance 401K plan with employer matching Robust PTO to include, sick, floating holidays, vacation, and personal days 2 Volunteer Days per year Company paid short-term and long- term disability, parental leave. And more! About the role The Portfolio Manager oversees all phases of community operations, ensures execution of the property management agreement, and drives the property's fiscal and operational success while maintaining a high caliber of on-site services and staff. What you'll be doing Implement property business plan to maximize value. Liaise with investment partners on asset level decisions. Liaise with on-campus partners on operational performance. Develop understanding of market drivers to incorporate into asset specific decisions. Monitor leasing trends to maximize revenues through consistent observation of rental rate tiering structure. Prepare regular weekly and ad hoc updates on asset performance and financial reporting for senior management, investors, and owners, as well as manage the quarterly board meeting process. Assists with the monitoring of leasing functions and monitoring the day-to-day leasing and follow up activities in Entrata. Attend large leasing events to provide additional support as necessary. Consistently reviews, evaluates, and interprets market conditions and recommends adjusted rental and renewal pricing and marketing strategies as needed to drive pre-leasing/current occupancy and revenue growth. Aids with review and training of materials related to the leasing life cycle and best practices surrounding property marketing. Provides management oversight for all functions including daily operations, maintenance, financial reporting, training, and development of employees, and resident relations for the community manager. Responsible for all owner/asset management communication. Reviews completes and presents weekly, monthly, and quarterly owner reports. Ensures appropriate and adequate staffing at the community and supervises the acquisition, development and management of team members by successfully interviewing, hiring, and training. Leads and develops this team of highly motivated, skilled and productive professionals to drive company operational goals. Monitors the consistent execution of all operational procedures and policies and recommends changes to improve overall functionality of business. Communicates changes in procedures and policies to ensure adherence. Review and assist with the development of the annual budget. Oversee the attainment of budgeted goals by analyzing and monitoring financial and operational results. Plans, reviews and updates capital budget routinely to address reforecasting concerns for future years of ownership and asset preservation. Works with the Senior Vice President Multifamily/Student Housing Operations and client/owner to address and resolve gaps in the financial performance of the community. Ensures that all property operations at the community are in adherence and compliance with governing business documents (including but not limited to closing documents, Property Manager Agreements, or governing programs). Assists with the preparation of timely reporting and ongoing communication about the performance of the property; responds quickly and with urgency to address concerns, questions, and requests. Aids with review and training of financial materials related to budgeting, purchase orders, reclass and accruals and other operational financial needs.

Typical Physical Demands:

Regularly use hands to manipulate tools, controls, phones, and computer keyboard. Frequently stand, reach with hands and arms, climb, balance, and stoop. Sit and stand to do clerical work. Regularly lift and move office supplies up to 20 lbs. Work is performed in an office. Employee frequently interacts directly with community management, facilities management, residents and other staff members during the workday. Who we're looking for Bachelor's degree Required in Property Management, Real Estate, Finance, Economics or related field preferred. Must possess or be willing to obtain either the Accredited Residential Manager (Institute of Real Estate Management) or Certified Apartment Manager (Building Owners and Management Association) designation within one (1) year of hire. Five (5) or more Years of Multisite/Portfolio Property Management Experience. Student housing industry experience highly preferred High energy and desire to make a difference in the employee experience Team player with confidence and integrity to earn employees' confidence quickly Enjoys working in a fast-paced environment Critical thinker proficient in identifying potential issues Proficient Computer skills including Microsoft Office Suite; property management software (preferably Entrata and database management programs. Broad knowledge of student housing/multi-family operations and industry-related concepts. Ability to travel to and from community on regular basis. Possession of a valid state issues driver's license and safe driving record are required Balfour Beatty Communities is part of Balfour Beatty Investments and Balfour Beatty, plc, an international group that finances, develops, builds and maintains infrastructure assets. #IND123 #

LI-BBcommunities Pay Rate:

$115,000 - $125,000 yr. • This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole Who We Are At Balfour Beatty Communities, we are dedicated to a singular mission: delivering the quality communities people are proud to call home. We believe exceptional living experiences can only be created when We Care—about our residents, our partners, our communities and each other. Our culture of caring drives every aspect of our business, guiding us to always do the right thing and build meaningful connections as we fulfill the needs of our residents and partners with sincerity, empathy and creativity.

Our Benefits:

Discretionary bonuses Medical and Dental Insurance 1st of the month following employment Health, Flexible Spending and Dependent Care Accounts Company paid life insurance 401K plan with employer matching Robust PTO to include, sick, floating holidays, vacation, and personal days 2 Volunteer Days per year Company paid short-term and long- term disability, parental leave. And more! About the role The Portfolio Manager oversees all phases of community operations, ensures execution of the property management agreement, and drives the property's fiscal and operational success while maintaining a high caliber of on-site services and staff. What you'll be doing Implement property business plan to maximize value. Liaise with investment partners on asset level decisions. Liaise with on-campus partners on operational performance. Develop understanding of market drivers to incorporate into asset specific decisions. Monitor leasing trends to maximize revenues through consistent observation of rental rate tiering structure. Prepare regular weekly and ad hoc updates on asset performance and financial reporting for senior management, investors, and owners, as well as manage the quarterly board meeting process. Assists with the monitoring of leasing functions and monitoring the day-to-day leasing and follow up activities in Entrata. Attend large leasing events to provide additional support as necessary. Consistently reviews, evaluates, and interprets market conditions and recommends adjusted rental and renewal pricing and marketing strategies as needed to drive pre-leasing/current occupancy and revenue growth. Aids with review and training of materials related to the leasing life cycle and best practices surrounding property marketing. Provides management oversight for all functions including daily operations, maintenance, financial reporting, training, and development of employees, and resident relations for the community manager. Responsible for all owner/asset management communication. Reviews completes and presents weekly, monthly, and quarterly owner reports. Ensures appropriate and adequate staffing at the community and supervises the acquisition, development and management of team members by successfully interviewing, hiring, and training. Leads and develops this team of highly motivated, skilled and productive professionals to drive company operational goals. Monitors the consistent execution of all operational procedures and policies and recommends changes to improve overall functionality of business. Communicates changes in procedures and policies to ensure adherence. Review and assist with the development of the annual budget. Oversee the attainment of budgeted goals by analyzing and monitoring financial and operational results. Plans, reviews and updates capital budget routinely to address reforecasting concerns for future years of ownership and asset preservation. Works with the Senior Vice President Multifamily/Student Housing Operations and client/owner to address and resolve gaps in the financial performance of the community. Ensures that all property operations at the community are in adherence and compliance with governing business documents (including but not limited to closing documents, Property Manager Agreements, or governing programs). Assists with the preparation of timely reporting and ongoing communication about the performance of the property; responds quickly and with urgency to address concerns, questions, and requests. Aids with review and training of financial materials related to budgeting, purchase orders, reclass and accruals and other operational financial needs.

Typical Physical Demands:

Regularly use hands to manipulate tools, controls, phones, and computer keyboard. Frequently stand, reach with hands and arms, climb, balance, and stoop. Sit and stand to do clerical work. Regularly lift and move office supplies up to 20 lbs. Work is performed in an office. Employee frequently interacts directly with community management, facilities management, residents and other staff members during the workday. Who we're looking for Bachelor's degree Required in Property Management, Real Estate, Finance, Economics or related field preferred. Must possess or be willing to obtain either the Accredited Residential Manager (Institute of Real Estate Management) or Certified Apartment Manager (Building Owners and Management Association) designation within one (1) year of hire. Five (5) or more Years of Multisite/Portfolio Property Management Experience. Student housing industry experience highly preferred High energy and desire to make a difference in the employee experience Team player with confidence and integrity to earn employees' confidence quickly Enjoys working in a fast-paced environment Critical thinker proficient in identifying potential issues Proficient Computer skills including Microsoft Office Suite; property management software (preferably Entrata and database management programs. Broad knowledge of student housing/multi-family operations and industry-related concepts. Ability to travel to and from community on regular basis. Possession of a valid state issues driver's license and safe driving record are required Balfour Beatty Communities is part of Balfour Beatty Investments and Balfour Beatty, plc, an international group that finances, develops, builds and maintains infrastructure assets. #IND123 #

LI-BBcommunities Pay Rate:

$115,000 - $125,000 yr. • This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole Balfour Beatty is an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by federal, state or local law.