Vice President, Asset Management

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The Amherst Group of companies comprise of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed. Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors. Today Amherst has over 1000 employees and $14.1 billion in assets under management.

Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst’s debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.

Our Asset Management team oversees all asset-level decisions including acquisition underwriting, capital expenditures, leasing, and asset dispositions for our Residential business and services & manages a portfolio of CRE loan investments for the private credit business. This team sits at the center of our investment management and operational field teams, serving as leaders and collaborators with every function throughout the organization managing the asset acquisition and improvement lifecycle, and working with our capital management, portfolio management, and operational field teams. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance, and manage group operations. This Vice President will partner across both the Residential and CRE operations of the firm and within the group to ensure efficiency.

  • Implement and continuously drive business strategy and initiatives in close partnership with the Head of Asset Management; reporting into him

  • Collaborate with and work across each function in the asset management team to execute strategic goals across both the CRE and Residential subdivisions of Asset Management

  • Monitor investment performance at the borrower, investor, market, and asset level to identify variances from underwritten expectations and implement actions to improve performance

  • Ensure appropriate focus and coverage on key initiatives

  • Manage business planning, identify, and address coverage gaps/concerns

  • Conduct and prepare a quantitative and qualitative business analysis to deliver operational reporting (acquisition updates, capital expenditure, and leasing forecasts, and senior management updates)

  • Partner with Capital Management, Portfolio Management, Construction, and Leasing operational field teams to ensure proper controls are in place and group compliance with policies

  • Proactively identify performance variances and workflow challenges and implement corrective actions

Qualifications:

  • College degree required; MBA nice to have

  • 10-12 years of experience with investment banking, private equity, or consulting with Bachelor’s or Master’s degree

  • Interested candidates need demonstrated abilities to:

    • ​Serve as a sounding board and thought partner to develop new strategies and collaborate across the organization to implement process improvements

    • Proactively identify and develop solutions to operational problems

    • Understand financial modeling (solid Excel and PPT skills)

    • Keen sense of curiosity about the industry, keeping up to date with industry happenings

    • Interpret and present analysis thoughtfully

    • Develop expertise across a broad spectrum of issues

    • Deliver results thoughtfully under tight deadlines, translating strategy into execution

    • Collaborate across organizations and manage stakeholders

    • Operate independently and demonstrate ownership

Our full-time employee benefits include:

  • A competitive compensation package, annual bonus, 401k match

  • Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day

  • Employer-paid benefits (medical, dental, vision, health savings account)

  • Professional career development and reimbursement

  • Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave

  • Backup childcare offered through Bright Horizons

  • Relaxed casual environment with virtual office events

Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.

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