Position Type: Full time
State: VA
City: Arlington
Zip Code: 22203

Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

Manager, Asset Management
AvalonBay Communities is hiring a Manager of Asset Management to support a portfolio of apartment communities across the Mid-Atlantic and Southeast. In this role, you’ll provide financial analysis, reporting, and operational support that helps drive property performance and long-term value.

You will partner with internal teams across Investments, Development, Construction, Operations, Finance, and ESG to monitor performance, prepare analyses, and ensure smooth execution of asset management processes.

What You’ll Do

Financial Analysis & Reporting:

• Prepare property and portfolio-level financial models and analyses (discounted cash flow, IRR, equity multiple, etc.)

• Develop and maintain 10-year cash flow models, codifying sell/hold strategies, risk assessments, and value-creation opportunities

• Conduct Asset Strategy Reviews (ASRs), leading SWOT discussions with business partners

Performance Tracking & Capital Planning:

• Track and report on key property metrics, identifying areas for improvement

• Support development of annual and long-term capital plans

• Provide financial analysis for unit renovation programs and major capital projects and initiatives

• Evaluate and recommend strategies to increase NOI, maximize cash flow, and enhance long-term value

Market Research & Valuation:

• Conduct research on market trends, demographics, and supply/demand dynamics

• Assist with property valuations and benchmarking against competitors

Collaboration & Process Support:

• Coordinate with joint-venture partners and internal teams to share data and updates

• Support compliance with lender, zoning, and affordable housing requirements

• Help improve and streamline core asset management processes and tools

What We’re Looking For

• Education: BA/BS in Finance, Real Estate, or related field

• Experience: 2–4 years in real estate, asset management, or property management (multifamily experience preferred)

• Skills:

  • Strong financial and analytical skills with Excel proficiency. Experience in valuation and underwriting is a plus

  • Ability to identify value-creation opportunities and mitigate risk

  • Ability to prepare clear reports and presentations

  • Strong attention to detail and organizational skills

  • Collaborative mindset and willingness to learn new tools (Power BI/Tableau a plus)

How AvalonBay Supports You

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.  We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)

Job ID JR105487