Asset Manager - Multifamily Real Estate

Job Title: Asset Manager

Location: Hybrid — Bethesda, MD
Department: Portfolio Operations & Asset Management
Experience Level: 3–5 years of experience in multifamily asset management or real estate finance
Compensation: $120,000–$160,000 + bonus

About Proper

Proper is transforming property management and investment through innovation, financial discipline, and strategic integration. As a private equity-backed platform, we acquire, integrate, and optimize operating companies and real estate portfolios across the U.S., leveraging technology and data-driven insights to drive value creation.

We’re in a period of rapid growth — expanding our national footprint and enhancing operational excellence across our portfolio. The Associate Asset Manager will play a critical role in supporting portfolio performance, driving financial results, and contributing to Proper’s mission of building the most efficient and forward-thinking real estate operating platform in the market.

About the Role

The Asset Manager will oversee the financial and operational performance of a growing portfolio of multifamily assets. This individual will collaborate with cross-functional teams, including property management, finance, and acquisitions, to execute business plans and maximize returns.

This role requires strong financial and analytical skills, a deep understanding of asset-level operations, and the ability to communicate insights clearly to senior leadership and investors. The ideal candidate is proactive, detail-oriented, and thrives in a fast-paced, data-driven environment.

Key Responsibilities

• Support oversight of a regional multifamily portfolio, ensuring properties meet or exceed financial and operational performance goals.
• Monitor property financials, operating statements, rent rolls, and budget-to-actual variance reports.
• Develop and maintain financial models and dashboards to forecast performance, assess ROI, and inform decision-making.
• Collaborate with property management teams to drive NOI growth through revenue optimization, expense control, and capital project execution.
• Conduct site visits, review leasing performance, and identify value-add opportunities to improve asset efficiency and profitability.
• Participate in monthly and quarterly performance reviews, presenting financial and operational insights to senior executives.
• Support underwriting and due diligence for acquisitions, assisting in integration and stabilization post-closing.
• Partner with accounting and finance teams on cash flow forecasting, capital planning, and lender reporting.
• Prepare investment summaries and contribute to investor reporting and portfolio updates.

Requirements

Qualifications & Experience

• Bachelor’s degree in Finance, Real Estate, Business, Economics, or a related field.
• 3–5 years of experience in multifamily asset management, real estate finance, or investment analysis.
• Strong financial acumen with advanced proficiency in Excel (pivot tables, sensitivity analysis, IRR, DCF modeling).
• Exceptional analytical and quantitative skills with the ability to interpret and communicate complex financial data.
• Solid understanding of property operations, capital planning, and performance optimization.
• Strong communication and presentation skills, with the ability to engage confidently with leadership and partners.
• Organized, self-motivated, and capable of managing multiple priorities in a fast-paced environment.
• Willingness to travel for property visits and portfolio reviews (approximately 1–2 times per month).
• Experience with Yardi, RealPage, or similar property management systems preferred.

Benefits

 Benefits

Proper offers a comprehensive benefits package designed to support employee well-being and long-term success, including:

• Medical, dental, and vision insurance
• 401(k) plan with company match
• Paid time off (PTO)
• Paid company holidays
• Professional development opportunities
• Collaborative, growth-oriented team culture

Why Join Proper

This is an exciting opportunity to join a company at the forefront of innovation, growth, and operational excellence in real estate. You’ll gain exposure to high-impact financial and strategic initiatives, working closely with senior leaders to influence portfolio performance and long-term value creation.

Proper offers a collaborative environment, strong growth potential, and the opportunity to be part of a company redefining the future of real estate investment and management.