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

AvalonBay Communities is seeking a Senior Manager of Asset Management to join our team supporting a portfolio of 68 communities and over 23,000 apartment homes across the Mid-Atlantic and Southeast. This highly visible role provides analytical, research, and leadership support to optimize portfolio performance, identify value-creation opportunities, and mitigate risk.

You will collaborate with leaders across Investments, Development, Construction, Operations, Engineering, ESG, Risk Management, Legal, Mixed-Use, Data Analytics, Finance, Procurement, and Affordable Housing to drive strategic asset management initiatives that enhance long-term asset value.

What You’ll Do

• Financial Analysis & Strategy

  • Lead financial analyses at the asset and portfolio level, including discounted cash flow, IRR, equity multiple, and FFO yield modeling

  • 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 Monitoring & Capital Planning

  • Track property and portfolio KPIs, identifying areas to improve performance

  • Partner with internal teams on major capital projects and develop annual and 10-year capital plans

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

• Data & Market Insights

  • Leverage Power BI and market research to uncover trends and predictive insights

  • Analyze competitive markets, demographics, job growth, and supply/demand dynamics to inform strategy

  • Perform property valuations

• Collaboration & Reporting

  • Prepare presentations and portfolio reviews for senior leadership

  • Ensure compliance with lender obligations, entitlements, zoning, and affordable housing agreements

  • Partner with joint-venture partners to align on milestones, interests, and asset performance

• Process Leadership

  • Support and enhance annual CapEx budgeting, ASR scheduling, and other key processes

  • Promote best practices in asset management, financial analysis, and reporting

What We’re Looking For

• Education: BA/BS required; MBA in Finance, Real Estate, or related field preferred

• Experience: 5–7 years in asset management, investments, or property management within real estate, preferably multifamily

• Skills & Attributes:

  • Strong financial and analytical acumen with expertise in valuation and modeling

  • Proven ability to identify value-creation opportunities and mitigate risk

  • Strategic thinker with hands-on execution and the ability to navigate ambiguity

  • Excellent communication skills with experience influencing senior stakeholders

  • Strong collaboration skills across cross-functional teams

  • Proficiency in MS Excel, PowerPoint, and Word; familiarity with SQL, R, VBA, and 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 JR105455