Asset Manager

Asset Manager - Houston Corporate Office

Hilltop Residential is seeking a highly motivated Asset Manager who will be a key member of our Asset Management team and will play a critical role in optimizing the performance of our multifamily property portfolio. Reporting directly to the Managing Director of Asset Management, the Asset Manager will conduct in-depth financial analysis, market research, and operational evaluations to support data-driven decision-making. The successful candidate will collaborate with cross-functional teams to ensure the effective execution of asset management strategies, ultimately driving property value and investor returns.

Hilltop Residential is a world-class real estate investment company that provides unparalleled excellence to our customers and investors. Hilltop Residential was founded in 2017 and currently owns and operates $1.8 billion of multifamily properties throughout the major markets in Texas and the southeastern United States.

Hilltop is a certified Great Place to Work six years in a row, as well as being named a Top Workplace by the Houston Chronicle. We are searching for motivated and talented individuals to be a part of our growing Hilltop family.

Hilltop Residential Offers Great Benefits!

• Competitive Pay • 401k with Company Match • Comprehensive Medical and Dental plans • Paid Vision Plan • Paid Life Insurance • Employee Referral Program • Short and Long-Term Disability • Paid Time Off • Employee Rent Discount Program • Rapidly Growing Company with Opportunities for Growth

Responsibilities Include:

• Perform detailed financial analysis of multifamily properties, including budgeting, forecasting, variance analysis, and sensitivity modeling.
• Evaluate property-level financial performance, identifying opportunities for revenue growth and cost optimization.
• Act as the main contact with portfolio equity partners, completing required reporting and conducting monthly financial reviews.
• Assist in the investment process by collaborating with the investment team on new acquisitions, providing input during due diligence, analysis, and underwriting, and contributing to deal strengths/weaknesses and repositioning strategies.
• Analyze capital expenditure plans and assess their impact on property cash flows, property valuation, and long-term value.
• Conduct market research and competitive analysis to identify trends, opportunities, and threats within multifamily markets.
• Collaborate with property management teams to monitor and enhance operational performance.
• Develop and implement strategies to optimize property occupancy, rental rates, and overall resident satisfaction.
• Prepare and present regular reports on property and portfolio performance to senior management, equity partners, and other stakeholders.
• Communicate key findings, recommendations, and insights to internal teams and external partners to support decision-making.
• Review and propose strategic plans for capital expenditures; track interior and exterior projects with reporting on timeliness, return on cost analysis, and overall quality.
• Manage loan compliance, administration, analysis, and communication with lenders, ensuring adherence to loan covenants and timely reporting.
• Conduct 6-month, 12-month, and 2-year lookback analyses to evaluate historical performance and identify improvement opportunities.
• Assist in the development and execution of asset-specific and portfolio-wide strategies to maximize returns and achieve investment objectives.
• Conduct regular reviews of national and regional market conditions to inform pricing and operational strategies.
• Oversee technology and system implementations to improve tracking, reporting, and overall asset performance.
• Evaluate and propose sustainability initiatives to improve NOI and align with long-term property goals.

Pricing and Revenue Management Support:

• Partner with the Pricing and Revenue Management team to develop and execute property-level pricing strategies.
• Review weekly pricing recommendations, occupancy trends, exposure, traffic, applications, cancellations, and leasing velocity.
• Provide asset-level context on budgets, ownership objectives, capital plans, operational challenges, and investment strategy.
• Evaluate lease rates, renewal rates, concessions, and premiums by floor plan and unit type, and identify properties or floor plans needing pricing adjustments based on occupancy, availability, and leasing performance.
• Participate in recurring pricing and revenue calls with Revenue Management, Operations, and property teams.
• Review market surveys, competitive rents, concessions, occupancy, new supply, and demand trends.
• Challenge pricing recommendations when property performance, market conditions, or ownership strategy supports a different approach.
• Track the financial impact of pricing decisions on revenue, occupancy, bad debt, concessions, and NOI.
• Review renewal performance and recommend renewal increases, retention strategies, and resident-specific adjustments.
• Coordinate with Operations to ensure approved pricing strategies are implemented at the property level.
• Monitor results following pricing changes and recommend further adjustments based on leasing activity and conversion trends.
• Improve pricing reports, revenue dashboards, and performance tools used by Asset Management, Revenue Management, and senior leadership.