11 Oct
|
Drage CPA
|
Bengaluru
11 Oct
Drage CPA
Bengaluru
Company Description: Drage CPA, PLLC is a client-centric Miami-based CPA firm dedicated to delivering highly personalized financial and advisory services. The firm serves middle-market companies, high-net-worth individuals, and entrepreneurs across diverse industries. Team members collaborate closely with clients to understand their strategic objectives and provide tailored solutions.
The culture emphasizes professionalism, integrity, and proactive problem-solving to support long-term client success.
Role Description: The Senior Real Estate Asset Manager – U.S.
Multifamily
Portfolio is a full-time, on-site role based in Bengaluru. This role is responsible for overseeing a portfolio of U.S. multifamily real estate assets, focusing on performance optimization, risk management, and value creation. Day-to-day responsibilities include analyzing property-level financials, monitoring operating performance, and collaborating with property managers and third-party partners. The role also involves preparing asset management reports, supporting investment decision-making, and participating in strategic planning for acquisitions, dispositions, and capital projects. The individual will work closely with senior leadership and cross-functional teams to ensure portfolio objectives are met and aligned with client expectations.
Qualifications
We are seeking a highly motivated, detail-oriented, and hands-on Senior Real Estate Asset Manager to oversee the day-to-day performance of our U.S. multifamily real estate portfolio.
The portfolio currently consists of approximately 194 residential units in Macon, Georgia, with opportunities for expansion through additional acquisitions.
This individual will act as the primary owner’s representative, ensuring our third-party property management companies, contractors, leasing teams, and other service providers are performing effectively.
We are not looking for someone who simply prepares reports. We need someone who takes ownership, identifies problems, follows up relentlessly, and ensures that issues are resolved.
The successful candidate will become deeply familiar with every property, building, unit, budget, construction project, leasing challenge, and operating metric.
Key Responsibilities
- Property Management Oversight
Serve as the primary point of contact with third-party U.S. property management companies.
Conduct weekly operating meetings and follow up on outstanding action items.
Review property management performance and hold managers accountable for agreed objectives.
Monitor tenant complaints, maintenance issues, vendor performance, delinquencies, evictions, and operational challenges.
Escalate critical issues to ownership with clear recommendations.
Ensure property managers are following established operating procedures.
- Financial Management & Budget Oversight
Review property financial statements monthly, including P&Ls;, general ledgers, rent rolls, accounts payable, accounts receivable, and bank reconciliations.
Analyze operating budgets line by line and investigate unusual expenses or variances.
Compare actual operating results against budgets and prior periods.
Monitor property cash balances, vendor payments, collections, and liquidity requirements.
Track net operating income (NOI), operating expenses, occupancy, and financial performance.
Identify opportunities to reduce expenses and improve profitability.
Prepare weekly and monthly financial performance dashboards for ownership.
- Leasing, Occupancy & Revenue Management
Monitor leasing activity across all 194 units.
Maintain a detailed unit-by-unit inventory showing floor plan, unit type, rent, occupancy, condition, renovation status, and leasing readiness.
Track vacant units, upcoming move-outs, applications, approvals, denials, leases signed, and move-in dates.
Review leasing conversion rates and identify reasons prospective tenants are not signing leases.
Monitor market rents, concessions, competitor pricing, and leasing incentives.
Work directly with property managers to establish leasing targets and improve occupancy.
Ensure vacant units are marketed promptly and made rent-ready as quickly as possible.
- Marketing, Websites & Leasing Technology
Oversee property websites and online leasing presence in coordination with property managers and marketing vendors.
Review listings on major rental platforms and ensure information, pricing, photographs, and availability are accurate.
Monitor marketing expenditures and lead generation effectiveness.
Track leasing inquiries, scheduled tours, completed tours, applications, and signed leases.
Research and implement cost-effective digital marketing strategies.
Evaluate AI-powered leasing assistants, automated lead follow-up, call tracking, and tenant communication tools.
Review leasing call recordings, where legally permitted, to evaluate response times, lead handling, and missed leasing opportunities.
Develop reporting to measure the effectiveness of advertising and leasing campaigns.
- Construction, Renovations & Capital Expenditures
Maintain a detailed construction and renovation tracker for each property.
Monitor renovation progress on a unit-by-unit basis.
Track contractor schedules, work orders, project milestones, budgets, and completion dates.
Review contractor invoices, change orders, and supporting documentation.
Coordinate with local property managers and contractors to obtain photographs, videos, and progress reports.
Identify construction delays, budget overruns, and incomplete work.
Monitor the time required to return renovated units to leasing inventory.
Prepare weekly construction and CapEx progress reports.
- Technology, AI & Process Improvement
Identify opportunities to improve portfolio management through technology and automation.
Help implement property management dashboards and automated financial reporting.
Evaluate AI tools for leasing, maintenance requests, marketing, call analysis, and operational monitoring.
Establish standardized processes for tracking performance across all properties.
Improve data quality, reporting consistency, and accountability.
Work with internal technology resources and outside vendors to implement approved solutions.
- Acquisitions & Investment Support
Assist ownership with underwriting potential multifamily acquisitions.
Review rent rolls, operating statements, property budgets, and renovation estimates.
Prepare financial models and investment return analyses.
Research comparable rents, property values, and local market conditions.
Assist with acquisition due diligence and post-acquisition integration.
Support investor reporting and private equity investment analysis as the portfolio expands.
Required Qualifications
Bachelor’s degree in Finance, Accounting, Real Estate, Business Administration, Engineering, or related field.
8–12+ years of relevant experience in real estate asset management, property operations, portfolio analysis, real estate consulting, or investment management.
Strong proficiency in Microsoft Excel, including financial analysis, budgets, and variance reporting.
Ability to read and interpret financial statements, rent rolls, operating budgets, and construction reports.
Solid organizational and project management skills.
Excellent English communication skills, both written and verbal.
Comfortable communicating directly with U.S.-based property managers, contractors, and ownership.
Ability to independently identify issues, investigate discrepancies, and drive resolutions.
- Strong interest in technology, AI, automation, and operational improvement.
📌 Senior Real Estate Asset Manager – U.S. Multifamily Portfolio (Bengaluru)
🏢 Drage CPA
📍 Bengaluru