Asset Manager

Posted 6 days ago

concord capitalChicago (IL)

Property, Real Estate, and Community Association Managers Nonresidential Property Managers

SENIORITY

Manager

SALARY

$90,000 - $110,000

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About the role

A Clear Strategy. A Proven Team. A Platform Built for Scale. Concord Capital is a real estate investment and development firm focused on opportunistic multifamily plays across Chicago, and one of the most active owner-side players in the middle market. Our founder previously built and exited a 200-employee vertically integrated platform in 2022 with business lines in construction, property management, leasing, maintenance, and brokerage. We are now deploying that same proven strategy again with greater scale and clarity. At Concord, we don't just build properties — we build real estate investors. Our goal is for every team member to understand the full investment lifecycle and ultimately create their own path to ownership and financial independence. Our target range is 20–150 units, and we currently have a $150M active pipeline across three main subsets: Office-to-residential repositioning Urban infill — including ground-up and renovation of existing structures Distressed / special-situation acquisitions We are raising $100M of equity in partnership with a local hedge fund and planning to accumulate 2,000 units over the next three years. Now Hiring: Asset Manager This is a hands-on ownership role covering the full financial and operational performance of Concord's real estate portfolio — based in our office, with property visits for lender meetings, inspections, and capex walkthroughs as needed. You'll own property-level financial oversight and ownership representation across Concord's assets — finalizing budgets, reviewing renewal pricing and variances, leading Asset Management meetings, and coordinating insurance, tax appeals, and CAM reconciliations. You'll also serve as the on-site representative for lender visits, insurance inspections, and capex walkthroughs across the portfolio. We're looking for someone with strong financial analysis skills who is comfortable making judgment calls independently. You won't be reviewing numbers someone else acts on — you'll be the one signing off on tenants, setting the call on portfolio variances, and standing in for ownership when a lender, insurer, or tenant needs an answer on-site. The name "Concord" was chosen intentionally as it means alignment and harmony. We believe great teams outperform great deals, and that success is built by people who care about quality, execution, and each other.

Responsibilities:

Asset Performance & Oversight
Work alongside property managers and the accounting team to finalize annual property-level budgets, setting the baseline the performance dashboard measures against
Review renewal pricing against the underwriting model, reconcile variances, and provide final sign-off on incoming tenants
Review property manager reporting and delinquency status; coach property managers on notices and tenant negotiations
Lead monthly Asset Management meetings and review the monthly property performance dashboard, making final variance and portfolio determinations
Prepare the agenda for and lead integrated meetings between construction, leasing, and management to ensure smooth handoffs between phases
Support the CEO in monthly investor updates comparing project progress to business plan
Property-Level Financial Administration
Own insurance administration — coordinate renewal options with the broker, complete applications, schedule and attend inspections, and maintain the coverage-tracking matrix
Own property tax appeals — organize comps and assessment history, assemble and file appeal packages, and track deadlines and status
Review CAM and tax reconciliations for commercial tenants prepared by management
On-Site Representation
Serve as on-site representative for refinance walkthroughs, insurance inspections, and lender site visits
Serve as on-site ownership representative for capex and repair work once scheduled by the property manager
Maintain a stabilized-property site visit cadence to confirm properties are operating to standard
Operational Support
Provide the Director of Operations with property-level feedback to inform process and AI improvement initiatives
Assist with hiring and recruitment, including job ad creation, as needed

Qualifications:

6+ years in real estate, combining property management and/or asset management experience, including meaningful time in an asset management capacity
Bachelor's degree in Real Estate, Finance, Business Administration, or related field preferred
Strong financial analysis skills; comfortable with underwriting models, budget-to-actual variance, and portfolio-level reporting
Outstanding communication skills for tenant-, lender-, insurer-, and ownership-facing interactions
Comfortable representing ownership on-site and making judgment calls independently
Proficient with AppFolioWhat We Offer
A genuine path to growing into the leader of Concord's construction and development function
An opportunity to intimately learn all facets of investments and development
Culture built on alignment, shared wins, and mutual respect
Committed capital and a live pipeline ready to execute
Health, dental, and vision insurance available
Opportunity to leave a lasting mark on Chicago's built environment

Salary Band: $90,000 - $110,000 based on experience.

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