Associate Director Asset Management Jobs in Bothell, WA

Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking a Director, Asset Management in our Seattle, WA Office.

The Director, Asset Management, is responsible for managing the financial performance and business strategy of a property portfolio. The goal is to maximize operations and returns at both the individual asset level and the overall fund/portfolio level. The Director independently manages a portfolio of multifamily assets within an assigned region and partners closely with the Vice President of Asset Management, property management teams, and internal stakeholders to execute business plans, drive operational performance, and support strategic initiatives. Asset assignments may change based on business needs.

A place for you

Here at Carmel, we don’t just invest in buildings, we invest in careers. If you don’t meet all of the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. We’re committed to assembling diverse teams with exceptional talent, and we strongly encourage individuals from a wide range of backgrounds to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team!

What you’ll do

• Partner with the Vice President of Asset Management to drive operational performance and value creation across a regional portfolio of multifamily assets.
• Independently manage assigned properties, overseeing financial performance, business plan execution, lease-up strategy, and operational initiatives.
• Lead preparation and presentation of Quarterly Asset Reviews (QARs) and Annual Business Plans (ALBPs), analyzing performance relative to budget, trends, and strategic objectives.
• Analyze financial results, operating metrics, and market conditions to inform asset-level strategy.
• Review monthly reports, including financials, conversion & leads, marketing dashboards, and operating dashboards.
• Participate in bi-weekly revenue management calls, recommending pricing and revenue strategies based on occupancy trends, lease expirations, and historical pricing data.
• Support the transition of new developments into lease-up, including development of lease-up playbooks, business plans, and pricing tools.
• Serve as the primary liaison with third-party property management teams to ensure execution of business plans and operational initiatives.
• Prepare monthly cashflow projections and make distribution recommendations to VP
• Conduct monthly financial reviews with onsite teams and internal stakeholders to evaluate property performance relative to budget.
• Lead the annual budgeting process for assigned assets in partnership with property management teams, including detailed review of budgets, comparisons of historical performance, and industry benchmarks.
• Underwrite new acquisitions by evaluating the competitive set and developing a stabilized pro forma; present and defend rents and expenses to Investment Committee; participate in physical due diligence.
• Partner with property operations team and dispositions point person to ensure property strategy and operations are followed during dispositions process to maximize sales price of assets.
• Collaborate with Development, Construction, and Investments teams on new developments, renovations, and repositioning strategies.
• Perform comprehensive utilities analysis (annual cost/usage trends, opportunities for expense reduction and bill-back increases).
• Conduct market research, competitive analysis, and shop competitive property set annually to maintain current market intelligence and ensure properties are appropriately positioned in the market.
• Oversee portfolio’s marketing and review websites regularly.
• Identify opportunities to improve operational efficiency and asset performance.
• Review real estate tax assessments and discuss tax appeal strategies with portfolio manager and third-party consultants
• Contribute to Asset Management initiatives that enhance reporting, tools, and operational processes.
• Build strong relationships with internal teams and external partners to support effective execution of asset strategies.
• Conduct regular site visits for your portfolio.
• Travel periodically to other Carmel regional offices.
• Perform other duties and special projects as assigned.

What you’ll bring

• Bachelor’s degree in real estate, Finance, or a related field required; master’s degree preferred.
• At least 5 years of real estate investment and asset management experience in multifamily; 5+ years of relevant real estate experience with a master’s degree, or 7+ years with a bachelor’s degree.
• Extensive knowledge of Seattle and Washington State real estate regulations.
• Strong understanding of multifamily asset management, including financial analysis, lease-up strategy, operating performance, and asset valuation.
• Advanced analytical, financial, and quantitative skills, with the highest level of attention to detail and strong proficiency in Microsoft Excel and PowerPoint.
• Experience with property management and revenue management systems such as Yardi, LRO, or similar platforms preferred.
• Familiarity with emerging data and analytics tools and the ability to leverage data insights to support asset strategy and operational decision-making.
• Strong communication and presentation skills, with the ability to convey analysis and recommendations clearly to senior leadership and cross-functional teams.
• Strong organizational and time management skills with the ability to manage multiple assets, priorities, and deadlines.
• Analytical, solutions-oriented mindset with sound judgment and attention to detail.
• Collaborative team player with strong interpersonal skills and a high level of integrity and accountability.
• Effective people and project management skills, including experience managing teams and/or direct reports.

Who you are

• Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy
• Excellent organization and time management skills – able to manage and execute multiple quantitative projects simultaneously
• Exceptional communication, presentation, and interpersonal skills
• Values relationships – thrives in a collaborative team setting as well as working independently
• Demonstrates impeccable integrity and dependable judgment

Compensation and Benefits

Compensation and benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find competitive compensation and a comprehensive benefits package at Carmel.

Base compensation range $175K to $190K. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and to offer additional benefits and other compensation, depending on circumstances unrelated to an applicant’s sex or other protected status under local, state, or federal law.

Choose Carmel

At Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.

Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across market cycles by investing in relatively supply-constrained, high-barrier-to-entry markets in the United States.

Visa Sponsorship: Carmel Partners is currently unable to sponsor or assume sponsorship of an employment visa for this role. We require that applicants be authorized to work in the U.S.A.

Inclusion Statement

We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.

Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.

Notice to Third-party Agencies: Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless there is a signed agreement providing otherwise, Carmel Partners will not pay any compensation to any employment Firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/Firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue and hire said candidate without any notice or financial obligation to the recruiter or agency/Firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.