Regional Manager

We are looking for a full-time Portfolio Manager in the South/ Greater Bay Area to join our team! FPI Management, Inc. is a leading national property management company, specializing in third-party fee management of multifamily housing for our clients. With a portfolio of approximately 70,000 apartment homes throughout 11 states, FPI Management is dedicated to creating a working environment for our employees that will foster pride in themselves and the Company through productivity, recognition and personal growth. To learn more about the exciting and rewarding job opportunities currently available, please visit our website at www.fpimgt.com. Role Summary: Looking for a savvy, highly motivated individual with significant Affordable / Section 42 experience. Prior history with institutional clients would also be greatly beneficial to manage a portfolio of properties in the East / Greater Bay Area. JOB DESCRIPTION Position: Portfolio Manager (PM) Minimum Qualifications: 4-year college degree or equivalent work experience in the field of property management preferable 2-4 years experience supervising employees preferable Valid Real Estate Sales License Certified Property Manager (CPM) or other applicable designations preferred Valid Drivers License Operable Personal Vehicle (proof of insurance required) General Overview: The Portfolio Manager is the individual directly responsible for managing a group of assets as assigned by FPI Management, Inc. This individual is responsible for enforcing all FPI Management, Inc policies, procedures and internal operations. The Portfolio Manager is responsible for all on-site employees. The Portfolio Manager will be accountable for all operations of the assets in their inventory. Their job is to meet the expectations of each Client based on the respective operating budget and management agreement. Objectives: The Portfolio Manager's objective is to act in a professional manner in accordance with the best interests and expectations of the Client and the Management Company. Additional objectives to be met for this position are: 1. Achieve budgeted NOI for all sites 2. Consistently evaluate additional income opportunities and expense reductions (e.g., Leveraging with other FPI sites to reduce contracted and other vendor services within common markets) 3. Maximize rents to ensure they meet or exceed the property objectives once the property is stabilized at 94%/95% occupancy 4. Manage concessions and move-in specials in accordance with the property budget 5. Manage all site collections as follows: a. Delinquent Rents: less than or equal to 1% of GPR b. RUBS Collection: of 95% or greater of monthly billing c. Bad Debt Income: files to be sent to collection agency within 30 days of move out, and collections to be 25% of total bad debt expense or greater 6. Manage payroll/office hours to reduce costs and overhead 7. Obtain minimum renewal ratio of no less than 55% in your portfolio 8. Review and verify all necessary Property Taxes and Liability Insurance are maintained and funded 9. Maintain effective communication with the accounting department to ensure age trials, bills, move-out forfeitures, and other site deadlines are met in a timely manner 10. Verify that the property is being properly maintained in accordance with the Management Agreement Duties and Responsibilities: 1) Prepare annual operating budgets for submission to Clients and Properties. 2) Monitor project budgets and marketing to maintain an awareness of the current financial status of each asset. Alert the FPI Management Executive Committee of any recommended changes. 3) Complete the monthly/quarterly Property Manager Checklist and submit on-time. 4) Make rent and concession recommendations based on market conditions and availability. 5) Verify that each property is adequately maintaining appropriate and required forms, leases, documents, resident certifications, invoices, and all other necessary forms, posters, and signs required by the Client, the Lender, and FPI Management, Inc. 6) Assure that all units are maintained to FPI standards, including turn-over's, exterior curb appeal, decorating recommendations, and cleanliness. 7) Review vacancies, availability dates, and turn-over rates. 8) Review monthly operating statements, budget and variance reports, check registers as necessary, delinquency reports, and other financial reports as provided by FPI Management to ensure budgetary control. 9) Ensure compliance with all Equal Housing Opportunity/Affirmative Fair Housing laws. 10) Conduct semi-annual inspections as required. 11) Monitor service requests for completion, timeliness, and resident satisfaction. 12) Maintain a professional appearance at all times in the presence of Employees, Clients and Residents. 13) Provide training and positive guidance to all employees to ensure maximum productivity. 14) Personally respond to Resident, Client, and Vendor calls, emails, and text messages within 24 hours of receipt during the work week. 15) Responsible for recruiting activities and the hiring of all on-site personnel. 16) Responsible for meeting all training requirements for the PM position and ensuring site employees have met the training requirements for their position. 17) Evaluate the performance of each on-site personnel on an on-going basis. Ensure all employee communication and counseling is properly documented and provided to the Human Resource Department. 18) Ensure CD Annual Reviews are completed, as well as Community Directors are completing reviews for each of their staff. 19) Portfolio Managers are responsible for ensuring their Sites and Community Directors are in compliance with all FPI Safety Policies and Procedures. 20) Maintain positive, professional and effective communication with Clients and Supervisors to ensure FPI is meeting the Client objectives and expectations. Please apply online at www.fpimgt.com under career opportunities and attached your resume.