Overview
Open Management (the “Company”) is looking for a highly motivated and proficient Asset Manager who thrives in a fast-paced environment to drive business plan execution across our portfolio of Mobile Home Communities and Apartments. Our ideal candidate will have previous Asset Management experience, ideally related to Mobile Home Communities and/or Apartments. They will be extremely proficient in ongoing operational and financial analysis of acquiring, managing, and selling real estate. In addition to their analytical capabilities, they will also possess a strong working knowledge of operations, including utility infrastructure, construction management, contractor management, code/zoning, and development. They will be entrepreneurial, have excellent communication skills, impeccable project management skills, ultimate attention to detail, and live and breathe our Core Values. This is an extremely high-intensity role, where multiple high-stress timelines and projects must be managed in tandem. The role will also require a significant amount of travel to and from our properties across the U.S., sometimes with little advance notice.

In return, you’ll be joining an insanely talented and motivated team of A-players that are driving together to grow our Assets Under Management to $10B+ in 10 years or less. You’ll have a large amount of flexibility to sculpt this role and department as you see fit, and you will operate with a huge amount of autonomy. In addition to base salary and bonus potential, you’ll have access to excellent benefits including health insurance, 401K match, an annual budget towards continuing education, and other benefits. Opportunities for promotion and growth within our company are abundant for outstanding team members that join our team. Specifically for this role, there is the potential to grow and eventually lead our Asset Management team as we continue to scale, along with other advancement opportunities. If this sounds interesting to you, start your application today!

Our Core Values

1. No Suits - We reject the idea that business needs to feel like the film "Office Space." This rejection of the toxic aspects of corporate culture includes everything from the clothes we wear and the hours we work, down to the very methods in which we conduct business -- no dress codes, no politics, no bureaucracy, no B.S. Work should be meaningful, collaborative, and even fun.

2. Extreme Ownership, Extreme Collaboration - We rebel against micromanagement -- we self-manage, self-motivate, and self-regulate. We take initiative and can run with little direction. We demonstrate accountability, ownership, and independence. But we also work together as an insanely high-performing team, communicating and collaborating closely across vast distances, leveraging our individual superpowers. As a whole we are greater than the sum of our parts. Our wins are never owned by one person but shared by the team.

3. Life Outside Work Matters More - Work is vital to life, but we don't kid ourselves: we know that the life we live outside work is infinitely more important than what we're doing at work. Therefore, we encourage one another to live a full, abundant life - however each person defines that. Work should support the life each person wants to lead, not the other way around.

4. Relentless Improvement - In our business and in each of our roles, we take "mastery" of our craft seriously, and believe that if we can improve, we must improve. This means we are constantly growing, learning, expanding, innovating, and always seeking to be the best at what we do. We set high standards and tirelessly chase perfection. Every member of ODC is a top-performer and should be the envy of our competition. We don't half-ass anything. We continuously seek improvement and strive for excellence in all that we do.

5. Good People Doing Good - Every member of ODC is someone we would voluntarily hang out with. We all possess integrity, honesty, humility, and dependability. Simply put: we are good people. Furthermore, we are working together to make a positive impact on those we serve, including our investors, residents, contractors, partners, and the communities in which we operate. We believe that everyone who conducts business with us can win, and that our success doesn’t need to be at the expense of others. We are good people doing good.

Overarching Responsibilities / Objectives
*All of the below apply to all of the Company’s assets, which currently include mobile home parks and apartments, but could expand in the future. 

• Be chiefly responsible for ensuring that our business plan projections are met/exceeded on all properties.
• Own the driving of revenue across our portfolio. 
• Take responsibility and ownership of portfolio-wide performance and apply an owner’s perspective.   

Additional Responsibilities

• Identify value-add projects above and beyond set business plans. 
• Frequent travel to visit properties, up to 1-2 weeks/month, and sometimes with very little advance notice.
• Perform on-site visits during due diligence (typically alongside other members from our Operations team) to advise on asset quality, potential pitfalls, infrastructure conditions, etc.
• Collaborate with the Acquisitions team to develop our pre-closing investment thesis/business plan for each asset, and then manage the handoff of that business plan to the Operations team to ensure its understood by all parties for seamless execution.
• Act as the primary feedback loop to inform the Acquisitions team of ongoing expense changes to ensure underwriting inputs are updated accordingly (i.e. real time feedback on how payroll costs are changing, etc.). 
• Collaborate with the Operations team to strategize and finalize all rent increases, utility recapture plans/adjustments, and capital projects. 
• Attend all applicable Operations meetings, including Property Management, Infill, and Project Management departmental meetings.  
• Review all property financials and KPIs on an ongoing basis (daily/weekly/monthly depending on the KPI), including occupancy and budget comparisons (OpEx and capital projects). Apply an owner’s perspective and notify/involve senior leadership as needed. Debrief senior leadership, at least monthly, of fund/property performance and any outstanding issues that need to be addressed. 
• Complete ongoing analysis and forecasting of debt strategy for each property – based on our business plan execution/current market conditions, when should we sell/refinance/etc. 
• Responsible for thoroughly reviewing all legal documents related to refinances, dispositions, capital projects, home purchasing, and other legal documents as needed. 
• Oversee and collaborate with the Infill team on debt structuring for home purchases including private lending, Floorplan Financing, and Consumer Financing. 
• Once a refinance/disposition decision has been made, work with lenders, brokers, mortgage brokers, attorneys, and other parties to quarterback the entire process through to completion. Also act as the single point of contact for prospective buyers, including attending on-site buyer inspections, coordinating all answers to ongoing questions, etc.  
• Responsible for appealing all tax reassessments as needed, but also responsible for proactively mitigating reassessment severity. 
• Work closely with the Finance/Accounting teams to collaborate on all lender reporting.
• Collaborate with the Infill team to finalize mobile home purchase orders and delivery timelines to ensure business plan objectives are met. 
• Work closely with the Operations team to ensure timely completion of all lender-required repairs. 
• Collaborate with the Finance team to determine appropriate investor distribution amounts each month/quarter.
• Own all monthly investor writeups – gather information as needed from the Operations team and condense into update emails to be shared with investors, collaborating with the Investor Relations team as needed. 
• Collaborate with the Operations team to refine property reporting, build dashboards, and other data visualization tools to drive insights, efficiencies, and transparency across the portfolio. 

Qualifications

• Alignment with ODC’s Core Values
• Ability to travel for 2-5 days at any given time and travel up to 1-2 weeks per month
• Ideally 3-5+ years professional experience in real estate asset management
• Ideally owned/managed a real estate portfolio of your own
• Extreme grit
• In-depth knowledge of commercial real estate finance and debt structuring 
• Prior experience with Mobile Home Communities and/or Apartments highly desired
• Possess a strong working knowledge of real estate operations, including utility infrastructure, construction management, contractor management, code/zoning, and development.
• Entrepreneurial/ownership mindset and experience highly desired 
• Ability to juggle many competing priorities and deadlines
• Personable – able to drive results across multiple teams while maintaining high morale
• Extremely high work ethic
• Exceptional project management skills
• High degree of initiative and ability to work effectively in teams or independently
• Excellent attention to detail, highly organized, & multi-tasking abilities
• Ability to solely and thoroughly review and summarize lengthy legal documents, identifying any area of concerns as needed
• Highly energetic personality, with a flexible attitude towards critical tasks
• Exemplary communication (verbal and written), organization, and presentation skills
• Extreme financial proficiency – strong working knowledge of financial concepts, and ability to analyze financial statements and identify trends/anomalies
• Highly proficient in financial modeling (Excel/Google sheets), with working knowledge of private equity waterfalls
• Strong competency for data visualization, data analytics, and analysis 

Disclaimers
This list is not exhaustive of all functions that an employee may be required to perform.  Open Management reserves the right to revise the job description at any time. The employee must be able to perform the essential functions of the position satisfactorily and if requested reasonable accommodations may be made to enable employees with disabilities to perform the essential function of their jobs as long as the accommodation does not cause an undue hardship on the organization.    
 
ADA Compliance
Open Management is an Equal Opportunity Employer.  ADA requires Open Management to provide reasonable accommodations to qualified individuals with disabilities. Prospective and current employees are invited to discuss accommodations.

Background and Credit Check
This position requires the successful completion of a background and credit check prior to employment.