Associate, Asset Management

At Darwin Homes, we fundamentally believe that the rental experience is broken. Too often, property management-serving as the middleman between investors and residents-often means shoddy service, hidden fees, and inefficient processes that shortchange everybody involved.

Darwin was built to make residents' and owners' lives easier through an innovative ecosystem of technologies. We have created the best product in the market for residents to discover, tour, and lease their future home; and for owners to have complete peace of mind from our modern management and leasing services built around our core values of transparency and professionalism. Darwin Homes is the destination for single-family rental services for property owners and residents. 

The Darwin Homes team is composed of a diverse set of alumni from DoorDash, Square, Facebook, Apple, LinkedIn, and other top technology companies. The founders and executive team have over 30+ years of combined experience in scaling disruptive technology and operations-focused businesses. Darwin Homes was backed by top Silicon Valley venture capital (Khosla, Fifth Wall) and was acquired by Pagaya Technologies, a publicly traded company, in early 2023.  Pagaya is an AI/ML data technology company with offices in Tel Aviv, New York, and Austin.

https://blog.darwinhomes.com/posts/pagaya's-acquisition-of-darwin-homes-powers-premier-tech-enabled-single-family-rental-platform

Darwin Homes is growing fast and we're looking for a highly motivated, intelligent, and passionate Asset Management Associate to join our team. We're growing fast, and growth means the challenges we'll work on together will change as we lead Darwin through new and different phases. This role is fully remote.The  

Asset Management Associate will manage the personnel and operations responsible for monitoring, managing, and optimizing specific performance aspects of a multibillion-dollar SFR portfolio. The candidate will be part of the Asset Management team and will work in tandem with other internal and external functional areas to help drive financial and operational performance goals. 

The candidate will assist in determining the appropriate strategies and ensuring investment decisions are made that maximize returns and value. This individual is a strong operator and leader who is detail-oriented, technologically competent, and skilled in analyzing large datasets and varied metrics. The ideal candidate will be able to demonstrate a history of excellence in teamwork, multi-tasking, and prioritizing appropriately. The candidate will be entrusted with monitoring both individual asset and portfolio-level performance, as well as managing and enhancing certain day-to-day processes.

The candidate will review various data sources including rent rolls, property data tapes, leasing metrics, property general ledgers, tax bills, work order logs, and property-level approvals. The candidate will interact with adjacent Investment and Asset Management teams to identify areas of focus and improvement at the asset and portfolio level. Further, the candidate will support investor reporting and maintain analytical dashboards as needed. This is a highly detail-oriented and analytical position.

What You'll Do

• Perform ongoing analysis of Single Family Rental investment portfolios and translate analysis into optimal business processes
• Closely monitor various property level approvals including, but not limited to, operating expenses, capital expenditures, lease-up rents, renewal rents, and delinquencies
• Review and maintain dashboards of multiple portfolio level Key Performance Indicators (KPIs)
• Perform trend analysis on specific KPIs and determine how to improve those metrics either through process or technology resources
• Communicate ongoing trends, areas of improvement, and recommendations to other internal teams
• Manage the operations and partners responsible for specific performance aspects of asset and property management
• Assess budgets, forecasts, performance reports, timelines, and management plans
• Perform detailed review and analysis of property level data including financial general ledger, property management data files, and other structured data from broader partner network
• Other duties as assigned

What You'll Have

• Minimum of [3-5] years of real estate private equity/Asset Management experience
• Bachelor's degree in business, finance, real estate, or related field with a strong record of academic achievement
• Advanced proficiency with MS Excel required
• Preferred proficiency with SQL and Python/R
• Proficiency with data visualization tools such as Sigma or Tableau is strongly preferred
• Strong experience with financial modeling, including detailed property-level financial statement analysis, budgeting/forecasting, and performance metrics
• Excellent leadership skills with the ability to guide and manage workflows and personnel
• Strong ability to multi-task and manage varied and constantly changing workloads in a fast-paced, dynamic, entrepreneurial environment
• Ability to set personal, team, and project-specific priorities, be highly organized in the day-to-day and longer-term planning and execution, and track and maintain complex schedules
• An articulate, decisive communicator who understands how to communicate effectively with team members
• Critical thinking and analytical abilities to proactively address areas of growth and improvement

$115,000 - $135,000 a year