Tricon Residential is an owner and operator of a growing portfolio of more than 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential. For more information, visit Tricon Residential.

Job Description

The Manager in the Asset Management department works collaboratively with many constituents inside and outside the organization to identify and execute strategies to optimize the growing single-family rental home portfolio. This individual's primary responsibilities will include reviewing managing the dispositions workflow, evaluating and managing SFR portfolio deals of 100+ homes per transaction, oversee the SFR disposition pipeline that encompasses a large volume of homes in varying stages to ensure all are tracked and decisioned to maximize value when sold, reporting on and tracking KPIs related to Tricon home sales, managing the execution of hold/sell decisions, monitoring market fundamentals, identification of strategic dispositions, and working to execute the departmental needs of the Asset Management team. The Manager will also work closely with other members from the asset management team, the investment team, operations, development, and accounting/corporate finance teams. This position will work out of the Tustin, California office.

Work closely with asset managers to maximize the total return of the portfolio via the analysis of property fundamentals and identifying opportunities for improved performance
Monitor market trends in asset values, supply/demand fundamentals and operating costs to identify disposition opportunities
Review weekly, monthly, and quarterly reports and identify opportunities to improve performance
Oversee execution of SFR portfolio sales totaling 100+ homes per transaction with responsibilities to include buyer due diligence management, analyzing values and total returns, contract critical dates, coordinating property inspections, broker management, resident coordination, title and exception review, and escrow/title close out and prorations
Collaborate with the financing team and transaction coordinators to facilitate loan payoffs and work directly with external servicers that oversee Tricon's many debt facilities
Negotiation and resolution of title liens and other related violations to convey clear title on homes Tricon is selling
Analyze portfolio performance to make hold/sell recommendations, including monitoring the pipeline of properties marked for sale/disposition
Lead initiatives in a collaborative manner with other departments within the organization
Liaise with third party vendors and external brokers to monitor/track Tricon's disposition pipeline and overall execution of the disposition strategy
Regularly review and analyze property valuations, rental rates, make ready scopes, and capex costs
Produce, assist, review and analyze detailed financials on a weekly/monthly/quarterly basis for each market/community including a comparison to budget and market indices
Participate in the drafting and implementation of strategic business plans, including quarterly portfolio valuations
Interface with Tricon's accounting, corporate finance and investor relations groups to address owner/investor inquiries and provide property highlights for presentations, asset tours, and quarterly public company reports
May require approximately 10% travel to markets

IDEAL EXPERIENCE:

3-5 years of commercial real estate, multi-family or single-family financial analysis, and/or asset management experience
BA/BS degree in finance, real estate, or related field with strong record of academic achievement
Ability to analyze and make strategy decisions based on location, value, size, historical performance, future cash flows, and capex spend to determine valuations, rental rates, and right sizing of capex projects
Experience managing large transactions and moving complicated deals to closing
Understanding of real estate valuation methods and analysis metrics used to measure success and identify risks
Strong understanding of real estate transactions and management of external brokers
Ability to work with a closing team, including external escrow/title companies, to manage a high volume of closings
Exceptional analytical skills to identify data outliers that lead to process improvement
Knowledge of the real estate accounting and financial statement analysis
Advanced knowledge of MS Windows, Excel, and Word, Yardi experience a plus
Must possess the ability to work well within a team environment
Must be highly organized, able to prioritize multiple concurrent projects and be able to independently identify and solve key business problems
Comfortable creating financial analyses and PowerPoint presentations to support findings and recommendations
Demonstrate and support the organization's ethics and values and foster teamwork
Excellent communication skills both written and verbal
Ability to work well in a fast paced, dynamic environment, and flexibility to adapt to changing priorities

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.

Salary Range

Placement within this compensation range will be determined by the candidate's knowledge, experience and skills.

$105,330.00 - $175,550.00