Job Description General Manager who will lead sourcing, underwriting, selling and renovating homes in defined areas of the market. You will build a team of trusted Project Managers to lead projects day-to-day and ensure quality craftsmanship and on time performance. You will interact with market analysts and customer service agents, while coordinating with centralized teams (underwriting, transactions, renovations, etc.) to optimize market performance You Will • Be a strategic and tactical leader of self-sourced, off market Bungalo renovation projects to build and grow the local market. • Own overall area performance and P&L responsibilities with key performance indicators of each managed property - RE margin, renovation turn times, actuals vs.
underwriting for purchase sale price and renovation costs and timelines; meet or exceed timelines expectations • Lead Project Managers in the field and scale team as you reach capacity thresholds • Source all off-market acquisitions in the defined market area • Diagnose and manage any complications that occur within buying, renovating and selling single family homes • Ongoing market condition monitoring, feedback valuation, home condition coordination with central office and home make-ready management (scopes of work, bids, setting appropriate spec levels, conditions, timelines and vendors) • Collaborate with local field team, Austin sales team and central asset management to minimize days on market • Provide home listing language and be supportive and responsive to sales support team by ensuring[checking] home is properly listed/syndicated, coordinate local RE agent coordination and overall return on investment of homes • Interact effectively with multiple stakeholders internally and externally (real estate agents, general contractors, senior leadership etc). Be the brand ambassador of Bungalos culture with PMs, field teams and vendors in your defined area • Deliver training as necessary to open new neighborhoods [or other markets], launch new initiatives and or address market opportunities • Complete other duties as assigned • Provide forecasts to management Our full-time employee benefits include: • A competitive compensation package, annual bonus, 401k match • Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day • Employer-paid benefits (medical, dental, vision, health savings account) • Professional career development and reimbursement • Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave • Backup childcare offered through Bright Horizons • Relaxed casual environment with virtual office events Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply. Company DescriptionAmherst is revolutionizing the way U.S.
real estate is priced, managed and financed in order to unlock opportunities for all market participants. Driven by data, analytics and technology, Amherst has a 20-year history of anticipating where the next risks and opportunities are likely to emerge and designing actionable strategies for investors to capitalize on opportunities across residential real estate, commercial real estate and public securities. Amherst, along with its affiliates and subsidiaries, has more than 1,000 employees, $5 billion under management and approximately $15 billion under advisement and oversight.
In 2019, Bungalo sold its 250th home, and Amherst managed 25,000th home. To learn more, please visit www.amherst.com. Amherst is a real estate private equity firm with multiple equity and debt strategies. Holistically, Amherst currently has AUM of $5.8bn across our debt and equity strategies.
Amherst Holdings real estate private equity business was established in 2012 after multiple decades in the residential mortgage securities investment banking business. Amhersts private equity business has grown from 34 employees in 2012 to 1000+ today. Amherst continues to grow rapidly to capitalize on increasing industry opportunities. Our Single Family Residential Equity strategy (Amherst Residential) has quickly scaled over the last 5 years to own and operate 20,000+ homes in 30 markets across 21 states while building a vertically integrated real estate investment and operating platform.
Across the SFR strategy, Amherst has raised almost $2.5bn in equity and arranged approximately $5.7bn in debt financing over the last five years and is currently investing more than $150mm a month in single family real estate assets. The Commercial Real Estate Lending strategy combines a veteran debt team with unique pricing analytics to source, underwrite, structure and asset manage loans backing all types of CRE assets across the US.