An Investment Fund Manager plans, directs, or coordinates investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.
Full Job Description Asset Manager — Multi-Asset Operating Portfolio Reports to: Principal Employment type: Full-time, exempt
Location:
In-office, Central New Jersey (regular travel to portfolio locations required – must be able to travel with a day notice) Company Overview We are a private holding company that acquires and operates businesses across multiple sectors, with a current portfolio concentrated in hospitality and complemented by software and brand assets. Our model is disciplined and repeatable: we acquire established operating businesses, execute a defined value-creation plan at each, and manage every asset toward a clear hold-or-exit objective. As the portfolio grows, we are building the professional infrastructure to manage it with institutional rigor. Position Summary The Asset Manager is accountable for the performance of an assigned cluster of portfolio businesses. This is a portfolio-level role rather than a single-location management or coordination role. The Asset Manager owns each asset's performance against its value-creation plan, serves as the primary escalation point for General Managers, and is the Principal's point of accountability when an asset deviates from plan. Success in this role is measured by results against plan. General Managers operate their locations day to day; the Asset Manager owns the plan, the metrics, and the outcomes across the cluster. Key Responsibilities Value-creation planning. Own the value-creation plan for each business in the assigned cluster — targets, initiatives, and timelines — and track actual performance against plan on an ongoing basis. Performance reviews. Conduct structured monthly reviews with each General Manager, addressing performance versus plan, variance analysis, and corrective action. Operating metrics. Monitor prime cost, labor, sales trends, and cash position at each asset, identifying and addressing deviations against established thresholds. Escalation and decision-making. Serve as the decision-maker for matters that exceed a General Manager's authority, resolving issues directly or routing them appropriately. Reporting. Prepare accurate, timely cluster-level reporting that informs portfolio-level decisions. Cash management. Forecast asset-level cash, identify shortfalls in advance, and administer the payment-approval process within defined limits. Performance intervention. Identify underperforming assets early and recommend or execute the appropriate response, including deployment of operating support. Talent management. Own the General Manager relationship, including coaching, performance management, and personnel decisions. Acquisition integration. Execute the 100-day integration plan for newly acquired locations, from takeover through stabilization. Portfolio strategy. Maintain a current assessment of each asset's trajectory to inform hold, improve, or exit decisions. Marketing and execution. Develop marketing plans for assigned assets, coordinate design and creative, and drive implementation through location teams — accountable for both strategy and on-the-ground results. Scope Boundaries To preserve the strategic focus of this role, the following fall outside its scope: Routine transactional matters — payroll documentation, routine repairs, cash handling, and standard vendor issues, which are managed through established processes and back-office functions. Major capital decisions — expenditures above defined thresholds, which are approved by the Principal. Qualifications Demonstrated experience managing multi-unit operations or a portfolio of businesses, ideally in hospitality, retail, franchise, or private-equity portfolio operations. Strong financial and analytical capability, with fluency in P&L management, prime cost, labor modeling, and cash forecasting. A proven combination of strategic judgment and hands-on execution, including direct experience developing and implementing marketing initiatives. Credibility and effectiveness in working with operators, with the ability to hold teams accountable while maintaining strong relationships. Discipline and reliability in reporting and review cadence. Sound judgment in personnel decisions, including performance management. An ownership mindset, with the ability to manage toward multi-year objectives.
Compensation Base salary:
$60,000-$70,000, commensurate with experience and portfolio scope.
Annual performance bonus:
20-40% of base salary, tied to portfolio performance against plan.
Long-term incentive:
a 1% carried-interest allocation, paying out upon asset exits, aligning long-term reward with portfolio performance over the hold period. This compensation structure is designed to align the Asset Manager's incentives with the long-term value of the portfolio. How to Apply Please submit a brief summary describing a business or portfolio for which you were accountable, including the plan in place and how you tracked it, an example of identifying and addressing underperformance early, and a significant decision you made regarding a manager or an asset. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other characteristic protected by law.
Pay:
$60,000.00 – $70,000.00 per year
Benefits:
401(k) Dental insurance Health insurance Life insurance On-the-job training Paid time off Parental leave Professional development assistance Retirement plan Vision insurance
