Job Description
The Portfolio Management Director plays a lead role in the implementation of Greystar’s investment strategies, programs, policies, and initiatives related to investment management and oversight of selected funds, joint ventures and separate accounts. This role supports the development and implementation of business plans and practices that achieve the financial, investment, and operating goals of the portfolio and Greystar and oversees the internal and external reporting of the ventures. The Portfolio Management team helps to deploy and manage the company’s various investment vehicles.
Key Role Responsibilities:
- Monitor and oversee individual investment or portfolio performance in relation to asset and portfolio objectives, critically evaluating existing real estate operations and business plan execution to identify new strategies to drive NOI and maximize returns across the portfolio.
- Interface with Equity Partners, Lenders, Investment and Executive Committee by maintaining on-going communication, providing detailed reports, market updates, and financial analysis on the performance of the portfolios, making recommendations for strategies to maximize value.
- Communicate and interact closely with local teams responsible for implementing individual asset business plans, providing leadership to the Portfolio Management team responsible for asset execution.
- Perform portfolio return and valuation analysis and review and prepare both internal and external reporting for assigned ventures.
- Manage and monitor cash flows including reviewing and approving capital calls and distributions ensuring alignment with venture documents and underwriting.
- Participate with the Company's senior leaders in routine market review discussions to examine the overall operational and financial results for the owned asset portfolio, present and justify business plans, make strategy recommendations, and complete portfolio return and valuation analysis.
- Actively participate in major capitalization initiatives, acquisitions and dispositions.
- Maintain and implement detailed knowledge of various partnership agreements and venture structures, ensuring appropriate governance is maintained.
- Maintain and develop a broad network of industry related resources to support the execution and growth of the investment portfolio.
- Lead and manage team members; interviewing, hiring, on boarding and developing direct reports and other team members as appropriate and managing their performance in accordance with Company policies, values, and business practices.
- Completes various financial, accounting, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.