Associate, NOI Management - Related Affordable

Description

• Ensure all Related bulk purchasing programs are fully leveraged across applicable properties.
• Provide best practice insights to underwriters on new deals, leveraging lessons learned from existing operations to maximize efficiency and revenue potential.
• Provide key data for semi-annual Portfolio Reporting to senior leadership at The Related Companies.
• Lead the adoption and rollout of procurement initiatives across the portfolio.
• Deliver meaningful portfolio-wide and property level reporting that highlights trends, opportunities, and performance gaps.
• Conduct periodic site visits to provide insights on operational efficiencies and improvement opportunities.
• Collaborate with Asset Management, Property Management, and Ownership teams to review and approve of annual budgets, identifying savings opportunities through procurement initiatives.
• Meet with property management and ownership teams to present findings and recommend procurement strategies that drive value across the portfolio.
• Review monthly operating statements (e.g. NOI, Occupancy, Collections, Surplus cash, etc. ) to identify actionable opportunities and potential concerns for Portfolio and Asset Managers.
• Support onboarding of new properties with procurement initiatives and operational best practices.
• Conduct periodic statistical analyses of financial statements to uncover property-level financial anomalies.
• Periodically update internal “NOI Management Standards” with meaningful information gleaned from experience and subject matter experts.
• Identify and implement bulk purchasing opportunities across the portfolio to drive operational savings.

Requirements

• 2–3 years of professional experience, preferably in real estate, finance, or operations.
• Experience with procurement, vendor negotiation, or portfolio-level cost management preferred.
• Strong analytical, quantitative, and financial modeling skills; highly proficient in Excel and other modeling tools.
• Bachelor’s degree required; advanced degree or relevant certifications a plus.
• Deep understanding of finance and accounting principles, with expertise analyzing property-level operating statements to evaluate site-level performance.
• Strong attention to detail with the ability to aggregate site-level findings to drive portfolio-wide operational improvements.
• Entrepreneurial mindset with the ability to take ownership, work independently, and thrive in a collaborative team environment.
• Willingness to travel periodically to visit properties and meet with service providers.
• Excellent communication and interpersonal skills to collaborate with Property Management, Portfolio Management, Asset Management, and external vendors.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance