Vice President, Asset Management - Multifamily Real Estate

Job Title: Vice President, Asset Management Location: Hybrid — Bethesda, MD Department: Portfolio Operations & Asset Management Experience Level: 10+ years of experience in multifamily asset management, real estate finance, or investment strategy Compensation: $175,000–$225,000 + performance bonus About Proper Proper is transforming property management through technology, financial discipline, and data-driven innovation. As a private equity–backed platform, we acquire, integrate, and optimize operating companies and real estate portfolios nationwide, leveraging technology and analytics to enhance performance and protect investor value. We’re in a phase of rapid expansion, building out the infrastructure to monitor, benchmark, and elevate asset performance across multiple portfolios. The Senior Asset Manager will be instrumental in developing the analytical framework and financial oversight processes that ensure sustained operational excellence and investment performance at scale. About the Role The Senior Asset Manager will oversee Proper’s portfolio-level asset performance, using financial analysis and data insights to identify trends, detect risk, and direct on-the-ground teams toward improvement opportunities. This highly analytical, data-driven leader will bridge the gap between investment strategy and operational execution — using data generated from our technology platform (UDP) to monitor KPIs, benchmark performance, and proactively address underperformance before it impacts returns. The ideal candidate has deep multifamily investment knowledge, exceptional financial acumen, and the ability to synthesize complex data into clear recommendations for regional operators and senior executives. Key Responsibilities • Lead portfolio-level oversight of multifamily assets across Proper’s platform, identifying early indicators of risk and opportunity. • Partner with platforms to build analytical tools and benchmarking dashboards that monitor key financial and operational metrics across all portfolios. • Develop and maintain a comprehensive benchmarking system to evaluate portfolio companies and property performance, presenting insights and trends to the executive team and Board. • Analyze financial and operational data (NOI, CapEx, controllable expenses, payroll, utility usage, etc.) to identify exceptions and recommend corrective actions. • Direct regional and on-site teams through exception reporting — highlighting where deeper investigation or operational action is required. • Collaborate with regional asset management teams to ensure recommendations are executed and followed through to resolution. • Partner with M&A, finance, and property management teams to ensure consistent data alignment across investment and operational systems. • Identify and escalate performance issues, capital inefficiencies, and underperforming assets before they materially impact returns. • Develop and present regular portfolio benchmarking reports to senior leadership and the Board, providing narrative context behind performance metrics. • Contribute to the ongoing design of Proper’s data-driven investment management framework, ensuring analytics are integrated into portfolio decision-making. Qualifications & Experience • Bachelor’s degree in Finance, Real Estate, Economics, or a related field. • 10+ years of experience in multifamily asset management, consulting, or institutional real estate finance. • Proven expertise in financial modeling, variance analysis, and performance forecasting. • Strong understanding of multifamily operations, controllable expenses, CapEx, and tax appeals. • Deep financial and analytical background. • Exceptional ability to interpret complex financial data and distill it into actionable insights. • Strategic thinker who can design frameworks to monitor and enhance asset performance. • Excellent communication and presentation skills, including experience briefing executives and boards. • Highly organized, proactive, and capable of managing multiple priorities with minimal oversight. • Familiarity with Yardi, RealPage, or similar property management software preferred. • Master’s degree (MBA or MS in Real Estate/Finance) preferred. Benefits What We Offer • A high-impact leadership role shaping the operational backbone of a rapidly expanding platform. • The opportunity to drive measurable outcomes across multiple companies and geographies. • Competitive salary, bonus, and full benefits (health, dental, vision, 401(k) match). • Flexible PTO and professional development opportunities. • A collaborative, entrepreneurial culture where innovation meets execution and strategy meets results. Join Proper This is a rare opportunity to lead at the forefront of operational transformation in the multifamily sector. If you’re energized by complexity, thrive in fast-paced environments, and are passionate about creating systems that scale — we want to meet you. Apply tot his job