Values- ROI > AUM: - We’re not focused on chasing growth for the sake of growth. We’re focused on delivering returns to investors. If we do that, growth will happen as a byproduct.
- Adaptability: We shift the sails, but stay the course. The market and investment opportunities will always shift, however we will stay focused on our mission and remain entrepreneurial.
- Transparency: We are open when communicating with investors, sponsors, vendors, and team members about matters related to our business.
- Humility: No jerks or arrogance allowed. No one has all the answers. We rely on each other, mentors, and advisors to ensure we make the best possible decisions.
The Opportunity
As Wellings Capital’s first dedicated Director of Asset Management, you’ll build and lead the firm’s asset-management platform from the ground up.
Reporting directly to the Managing Partner, you’ll drive performance across our joint venture and preferred equity investments while also overseeing a broader portfolio of LP investments with multiple operators.
This is a strategic and hands-on leadership role for an analytical, entrepreneurial professional. You’ll join a growing firm and play a key role in shaping its long-term success.
Mission
To maximize portfolio performance and net investor returns through disciplined oversight of operating partners, data-driven execution of business plans, and transparent communication.
This “cradle-to-grave” role is active from due diligence and acquisition through ongoing management and exit.
Key Responsibilities
First 90 Days
- Review all existing JV and preferred-equity investments, business plans, and performance metrics
- Evaluate and improve operator reporting processes for accuracy, timeliness, and consistency
- Assess current tools and dashboards; recommend upgrades for portfolio-wide visibility
- Build relationships with all operating partners and internal stakeholders
Ongoing
- Lead asset management for all Wellings-controlled investments, ensuring execution of business plans and achievement of target returns
- Approve operator budgets, capital plans, and annual business plans
- Serve as the primary contact for operating partners, maintaining trust and accountability
- Review operating results, capital spend, leasing, and financing metrics; identify risks early and propose actionable solutions
- Conduct property visits (averaging once per month) to evaluate on-site execution
- Participate in acquisition due diligence, providing operational insights and risk assessment to the Investment Committee
- Lead quarterly portfolio reviews and support Investor Relations with investor updates, webinars, and fund reports.
- Collaborate with Finance and Operations to enhance KPI dashboards and portfolio forecasting
- Ensure compliance with JV and loan agreements
- Identify portfolio-wide process improvements, cost savings, and revenue opportunities
- Partner with leadership on exit strategies, sales, and refinancing
Requirements
- Bachelor’s degree in Finance, Real Estate, Business, or related field
- 5-8 years of relevant experience in real estate private equity, joint venture asset management, or investment management
- Proven ability to oversee multiple operators and complex JV/preferred-equity structures
- Strong financial analysis, budgeting, forecasting, and variance-analysis skills
- Excellent communication and negotiation abilities with partners, operators, and investors
- Highly organized, able to manage multiple projects in a fast-moving environment
- Technologically proficient; strong in Excel, with experience in asset management or reporting software (e.g., AppFolio, RealPage, Yardi, etc.)
- Must live in or relocate to Lynchburg, VA (relocation assistance provided)
- Alignment with Wellings Capital’s mission and values ( Salary: $150,000-$200,000 (depending on experience, skills, and qualifications)
- Annual Bonus: Discretionary based on performance and firm contribution
- Carried Interest: Participation in the firm’s carried-interest program
- Relocation Support:
- Up to $15,000 stipend (including moving costs and a house-hunting trip)
- Up to two months temporary housing (capped at $2,500/month) or a one-time $5,000 housing stipend
- Repayment clause if employment ends voluntarily within 12 months
Benefits
- 100% company-paid health, dental, and vision insurance (employee-only)
- 401(k) with company match
- Three weeks (15 days) paid vacation plus additional sick time
- 10 paid, flexible holidays
- Equipment allowance and annual learning/development budget
- Hybrid flexibility once established in the role
Join Us
If you’re a proven asset-management professional who wants to build something lasting, influence firm strategy, and join a mission-driven team, we’d love to hear from you.
Wellings Capital is an equal opportunity employer. We value diversity in all forms and hire the best person for each role, regardless of background.
If you meet more than 50% of our requirements but fewer than 100%, we encourage you to apply. Our job descriptions are a starting point for discussion, not a checklist.
Position Details
