Manager Residential Investment

SUMMARY OF RESPONSIBILITIES

The Manager Residential Investment will be a key position on the Investment Team, conducting and processing activities, both from a valuation and closing perspective, related to the acquisition and disposition of SFR & BTR product on a 1x1, Portfolio/Bulk, or Community basis. This position will work in partnership with external agencies, such as law firms, brokerages, Title & Escrow, Qualified Intermediaries, and valuation companies, and work cross-functionally with internal departments such as Property Operations, Legal, Treasury, Accounts Payable to ensure receipt of proper documentation and consideration for property acquisitions and divestitures.

ESSENTIAL DUTIES

• Develop a strong understanding of FirstKey Homes’ mission, vision, values, culture, and business operations


• Manage purchase and sale processes including initial underwriting, valuation, due diligence, closing, and onboarding/offboarding for Portfolio/Bulk, Build-to-Rent, New Construction, and 1x1 acquisitions and dispositions


• Manage relationships with internal departments, such as Legal, Treasury, and Accounts Payable as well as external legal, Title & Escrow, Qualified Intermediaries, and valuation companies to ensure adherence to process and timely transaction-related activity


• Support 1031 exchange efforts by structuring different exchange types, qualifying and identifying RQ and RP properties, coordinating documentation, ensuring regulatory compliance, and delivering clear, timely communication with all appropriate exchange stakeholders


• Oversee acquisition and disposition processes, including:


• 
  
  
  
  • Operate within multiple CRM systems to save, track, monitor and resolve all transaction-related issues
  
  
  
  
  • Request Earnest Money Deposit (EMD) and Purchase Funding (PF) wire payments
  
  
  • Coordinate and schedule inspection processes with internal teams and sellers
  
  
  • Monitor Due Diligence (DD) extensions and Purchase Price (PP) amendments
  
  
  • Review purchase/sale contracts for completeness, accuracy, and adherence to terms
  
  
  • Review closing packages, including covenant, conditions, and restrictions (CC&R) and other HOA documents to ensure there are no leasing or rental restrictions
  
  
  • BPO ordering/process to ensure lending requirements are met
  
  
  
  
  • Manage entity transfer process for all internal entity transfers
  
  

This brief summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s manager at any time based upon Company need.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORKING CONDITIONS

• Primarily working indoors, office environment.


• May sit for several hours at a time.


• Prolonged exposure to computer screens.


• Repetitive use of hands to operate computers, printers, and copiers.

REQUIRED EDUCATION AND EXPERIENCE

• Bachelor’s degree in Business Administration, Finance, Economics, Real Estate or equivalent work experience and/or education


• Minimum 5 years working in residential real estate valuation, brokerage, development, mortgage processing/closing role or as Title or Escrow Officer


• Exceptional ability to communicate with clients, vendors, and coworkers, both verbally and in writing


• Experience processing/reviewing mortgage and/or title documents


• Experience with a CRM (e.g. Salesforce), and/or property management (e.g. Yardi) software


• Strong skills in Microsoft Excel and PowerPoint


• Demonstrated ability to complete quantitative and qualitative analyses and financial models

PREFERRED EDUCATION AND EXPERIENCE

• Real Estate Salesperson License or Managing Broker License


• Valuation advisory, development, appraisal, and/or brokerage work


• Yardi, SQL experience a plus


• Experience working in a fast pace, high-growth company

REQUIRED KNOWLEDGE

• Understanding of the SFR lifecycle; from asset identification and underwriting to contract generation and negotiation


• Business Analytics: Knowledge of arithmetic, algebra, calculus, statistics, and their applications to evaluating business operations.


• Administration: Knowledge of business principles involved in strategic planning, resource allocation, and production methods.


• Economics and Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data


• Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources


• Customer and Personal Service— Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

REQUIRED SKILLS

• Project & Process Management: High-stakes deadline/compliance management, multi-transaction coordination, navigating multiple exchanges simultaneously


• Critical Thinking: Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Exercising sound discretion and independent judgment on matters of significance to the Company.


• Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.


• Mathematics: Using mathematics to solve problems.


• Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.


• Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.


• Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.


• Speaking: Talking to others to convey information effectively.


• Writing: Communicating effectively in writing as appropriate for the needs of the audience.

WORK STYLES & BEHAVIORS

• Tenacity: Inherent, relentless drive to produce exceptional results


• Grittiness: Shows resolve in face of setbacks, willingly accepts challenging assignments, strength of character


• Analytical Thinking: Job requires analyzing information and using logic to address work-related issues and problems.


• Initiative: Job requires a willingness to take on responsibilities and challenges.


• Integrity: Job requires being honest and ethical.


• Dependability: Job requires being reliable, responsible, and dependable, and fulfilling obligations.


• Attention to Detail: Job requires being careful about detail and thorough in completing work tasks.


• Cooperation: Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.


• Adaptability/Flexibility: Job requires being open to change (positive or negative) and to considerable variety in the workplace.

FirstKey Homes is an equal opportunity employer and will not tolerate discrimination in employment on the basis of race, color, age, sex, sexual orientation, gender identity or expression, religion, disability, ethnicity, national origin, marital status, veteran status, genetic information or any other legally protected classification or status.

By applying to this position you are consenting to receive follow-up communication.