Associate, Asset Management, Residential

Description

• Prepare hold/sell analyses, and property performance updates, evaluate financing scenarios and other investment decisions in conjunction with the Investment team
• Monitor property managers' performance for compliance with annual budgets and business plans, and prepare quarterly updates on asset performance, including progress on strategic initiatives
• Liaise with research and investment teams to stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market.
• Analyze and compare current and historical financial reporting on key metrics against underwriting and budget
• Aggregate asset-level data and prepare in conjunction with Portfolio Management, monthly, quarterly, and annual reporting for clients, senior management (as required)
• Collaborate with the Investment teams in the due diligence process for new investments and asset dispositions regarding underwriting assumptions (market rent, rent growth, expenses, capital expenditures, etc.)
• Assist in furthering asset management initiatives to streamline and standardize operations, reporting, and key databases
• Develop in-market relationships with service providers to understand each assets competitive positioning relative to rents, lease terms, vacancy, supply/demand fundamentals, and operating costs
• Assist in monitoring development and capex projects including closeout procedures with oversight by in-house development team
• Travel to assets to meet with onsite property management teams, brokers, and strategic partners
• Lead the development and execution of comprehensive asset strategies including leasing, operating & capital budgeting, property improvements, risk management, and hold/sell analysis
• Work closely with third-party property managers and partners to oversee leasing and marketing strategy, operating expense management and capital needs of the property
• Oversee the annual budget process and internal analyst team

Requirements

• Relationship – Must be extremely proactive and work well in a collaborative environment, with the ability to take guidance but then move projects forward independently.
• Organization – Must be able to allocate time effectively and work under pressure to meet tight deadlines, handle multiple demands and competing priorities, and adapt to new ideas and change. Comfortable following direction but also contributing to the direction.
• Software – Advanced in Excel, Word, PowerPoint, and Power BI. Proficient in Argus, Yardi, RealPage or other rent/leasing application preferred.
• Communication – Excellent communication and presentation skills; demonstrate an ability to effectively communicate and present results that articulate key themes and messages to investment teams, asset managers, and joint venture partners.
• Analytical – Strong financial acumen with advanced modeling proficiency in Excel; detail-oriented and proficient n analyzing financial statements; Ability to analyze complex data across an array of disciplines to provide thoughtful recommendations.
• Experience – Minimum 3+ years of asset management experience in the real estate industry. Demonstrated experience in analyzing complex investment issues and developing and executing investment strategies to achieve results and mitigate risk. Prior US multifamily residential asset management experience preferred.
• Education– bachelor’s degree; preferably in Real Estate, Finance, Economics, Accounting or a related discipline with strong academic credentials and a passion for real estate. Master's degree in real estate or pursuit of additional coursework is a plus.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance