Role: Director of Portfolio Management
Reports to: Managing Director
Company: DLP Capital
Compensation: Competitive base with aggressive bonus compensation
Location: St Augustine
Benefits: Health, Dental, Vision, and Life Insurance, 401(k) with innovative company matching program, Unlimited PTO after 1 year, Hybrid work schedules available, Learning/Educational Incentives, Living Fully Well-being Program, Company Events, many self improvement and productivity tools, and the incredible feeling of fulfillment from making a difference in the lives of others while achieving your dreams and goals!
DLP Capital - DLP Capital is a private real estate investment and financial services company focused on making an IMPACT by acquiring, developing, and building relationships, housing, leaders, and organizations. DLP Capital executes its IMPACT through a wide array of business divisions and companies including lending, investment funds, sales, leasing, property management, construction management, development, and loan servicing. Through the Elite Execution System, as well as the company’s exclusive membership platforms focused on business scaling, investment housing, family, and wealth, DLP Capital impacts lives by empowering its clients to choose, create, grow and preserve prosperity. Continuing its steady year-over-year growth, the company earned a spot on multiple Best Places to Work lists for 6 years in a row and on the Inc. 5000 list of fastest growing companies for 9 years straight.
Summary : Acts as the owner's representative to ensure that the ongoing strategic business and financial plan of each asset is achieved. This responsibility includes working closely with other departments including risk & underwriting, finance, accounting, development and construction. This is a hands-on role responsible for driving results throughout the assigned portfolio. Utilizing an ownership mentality, this individual reviews financial and monthly performance to make decisions and drive action that ensure assets are performing at the highest level and meeting and exceeding investor expectations
What you have already achieved: (Requirements)
- 7 years experience in Portfolio or Asset Management
- At least 3 years managing a large portfolio
- Advanced analytics and modeling skills
- High level proficiency with Excel and Google Suite
- Ability to Travel
What you are great at: (Responsibilities)
- Using quantitative and analytical skills to assess the asset's overall health status, capital needs, risks mitigation, budget & proforma achievement progress on a monthly and quarterly basis
- Hold Sponsor accountable to the defined business strategy and achievement of budget expectations through regular weekly performance update meetings, monthly reporting and ongoing communication
- Collaborate with underwriting team, transaction management, fund manager, construction and property management
- Proactively maintain and review ongoing performance reports related to the financial and operational performance of the asset or portfolio in conjunction with budgeted expectations, operational metrics & underwriting returns.
- Support sponsor & property manager in developing a written, defined plan for prompt turnaround of every underperforming asset
- Monitor and drive exceptional portfolio performance by ensuring sponsor is actively and aggressively pursuing and outperforming increased revenues, ROI and market competitors
- Ensure cost segregation and tax appeals are performed at all assets with most favorable outcomes achieved per the asset strategy.
- Manage multiple assets (SF, MF or commercial) driving and analyzing execution success of the business plan and budget
- Identify meaningful data insights, impact analysis reports and deliver well written, thoughtful reports to key stakeholders
- Assess performance of the assets relative to original underwriting strategies or business plans and industry benchmarks. Report, present findings and action recommendations to management on monthly and quarterly performance relative to the original underwriting strategies or business plans and industry benchmarks.
- Identify potential expense savings through review of all expenditures, efficiency improvements, marketing programs that drive customer loyalty with longer term leases,
- Work with sponsors, Construction Management, Property Management and Accounting teams to ensure effective management of lender / construction draws, reserves and lender holdbacks on both managed assets and joint venture partnerships with outside management
- Stay abreast of business trends and provide recommendations, bidding & recommendations for management of ancillary income opportunities
- Keep SalesForce, DealPath, and any other core systems up to date and accurate at all times. Become proficient with property management software used by sponsor, to enable fact checking, performance review and report pulls
- Stay abreast of business trends and provide recommendations, bidding & recommendations for management of ancillary income opportunities
- Work closely with DLP's construction lending department to manage and oversee the construction plan
- Actively manage loan compliance & leverage underwriting team to assist in re-underwriting borrower, asset, and business plan
- Dedicated time to conduct physical site visits & to have direct borrower interactions, focusing on Elite members and growing sponsor relationship with DLP on future transactions and for future business referrals of other potential Elite members
- Actively manage loan extension & leverage underwriting team to assist in re-underwriting borrower, asset, and business plan
- Manage the physical inspection of the asset per SOP
- Monitor cash position of each investment, manage capital needs in accordance with loan docs, asset preservation and all regulatory requirements
Who you will work with :
- 300 high energy, positive, incredible team members
- An experienced top-level Leadership team
- Specific roles that will work closely with the Investments Team, the Portfolio Management Team, the Property Management Team & many more!
What you're motivated by:
- A fast pace. We’ve grown exponentially and new team members continue to join our DLP family.
- An executive leadership team that trusts each other, communicates effectively, and is committed to helping team members grow, both personally and professionally.
- Visionary, smart, and thoughtful CEO. Ours is the kind of leader you read about, hope to work with, and learn from.
- A culture focused on developing and investing in team members - coaching, training, and supporting each other. We have a mantra of “Leaders made here” at DLP, focused on developing and growing leaders.
We are looking for ROCK STARS to join our collaborative team. Are you driven for greatness? If so, we may be a perfect match! If you feel that you have the drive, knowledge, skills, and experience to truly be successful in this role, we want to hear from you today!
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.