Asset Management Associate

Description

• Assist with due diligence on potential acquisition opportunities
• Participate in periodic review meetings for projects transitioning from Development to Operations.
• Review assigned properties to gain thorough understanding of the “deal” including financing, regulatory requirements, reporting and owner/investor goals. Monitor any partnership agreement amendments and understand their impact on operations.
• Work with Property Finance in evaluation of possible refinancing, disposition or change of use of assigned properties.
• Maintain and foster relationship with lenders and investors post-closing for assigned sites.
• Assist property management staff in decisions that affect the asset long term to determine and understand its relationship to the established goals for the asset and determine methodology to monitor its affect.
• Work with property management staff to ensure that the potential of the property’s value and benefit to Conifer is maximized.
• Oversee annual budget preparation process for portfolio. Compare projections to comparable experience in the portfolio and to industry data. Compare projections to original proforma and analyze variances.
• Monitor reserve balances to ensure appropriate funding and draw down requests are made accurately and timely.
• Assist with preparation of pro forma income statements for Development underwriting purposes and coordinate review with Property Management team.
• Monitor operations of portfolio, analyze data and report to required staff and senior management. Compare site performance and projections to similar properties in the portfolio and industry data. Utilize per unit cost and consumption comparisons. Analyze variances and review with property management staff to adjust as deemed appropriate.
• Coordinate and oversee monthly/quarterly financial review of portfolio.
• Visit assigned sites and participate in site audits, as requested.
• Ensure escrow accounts are funded at the proper levels and that tax payments are correctly calculated (including PILOT’s) and made timely.
• Recommend strategies for maximizing value and returns for assets and monitor to ensure performance is meeting ownership objectives

Requirements

• Accounting and Financial Analysis and Budgeting Skills
• Travel to specific Conifer site required
• Adaptable; flexible to multi-task several projects at one time
• Advanced Excel knowledge (Macros, Pivot Tables)
• Master’s Degree preferred.
• Proficiency with MS Office (Word, Excel, Outlook, SharePoint)
• Excellent business judgment, professionalism, and practices to handle day-to-day matters.
• Yardi Voyager or equivalent housing software preferred
• Demonstrated strong analytical skills and financial modeling experience
• Bachelor’s degree in accounting or finance required.
• Minimum 5-7 years relevant Asset Management experience with demonstrated institutional analytical and quantitative skills, ideally within multi-family real estate.
• Prior experience in Multi-family Real Estate preferred
• Financial analysis, modeling, and portfolio stress testing, as needed

Benefits

• Multi-Family Affordable Real Estate preferred

Training + Development

Interview process

Visa Sponsorship

Security clearance