Director, Asset Management @ AvalonBay Communities
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Job Details
Overview
Creating a better way to live is the purpose that binds AvalonBay associates. This role expects collaboration, innovation, and accountability to create value for customers, investors, and associates.
The Role
The Director, Asset Management is responsible for analyzing asset performance, executing value-creation and risk-mitigation opportunities, and enhancing community value and financial performance. You will partner with leaders across Operations, Construction, Investments, Development, and Corporate teams to optimize asset outcomes in alignment with AvalonBay’s long-term investment strategy.
Key Responsibilities
- Asset Management: Oversee activities for a defined portfolio, collaborate with Operations, Construction, Market Research, and other teams, analyze performance, and develop strategies to enhance NOI and asset value.
- Capital Planning: Develop long-term projections, coordinate CapEx planning, and support hold/sell decision-making.
- Financial Modeling: Maintain performance projections and perform valuation and redevelopment feasibility analyses.
- Stakeholder Engagement: Serve as primary business owner for assets with complex ownership structures and drive cross-functional collaboration.
Qualifications
Applicants should have a bachelor’s degree (MBA preferred), 7+ years of relevant experience, strong financial modeling and real estate valuation skills, and exceptional communication and organizational skills.
How AvalonBay Supports You
- Comprehensive benefits including health, dental, vision, and 401(k) with match
- Opportunities for internal growth and promotions
- Associate recognition programs
- Exclusive employee apartment discounts
- A culture centered on purpose, integrity, caring, and continuous improvement
Key skills/competency
- Asset Management
- Financial Modeling
- Capital Planning
- Risk Mitigation
- Performance Analysis
- Strategic Planning
- Cross-functional Collaboration
- Real Estate Valuation
- Joint Venture Management
- Operational Efficiency
How to Get Hired at AvalonBay Communities
🎯 Tips for Getting Hired
- Research AvalonBay: Understand their values and recent initiatives.
- Tailor Your Resume: Highlight asset management and finance skills.
- Showcase Strategic Impact: Quantify achievements in past roles.
- Prepare for Case Studies: Expect real asset scenario questions.