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Asset Management Associate – New York

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
New York
 NY
Postal Code
10019
Country
United States

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Description


Summary of Position:

 

The Asset Management Associate will be responsible for maximizing the performance of the company’s national multifamily investment platform of garden-style, mid-rise, and high-rise properties across primary and secondary markets.  The Associate will be an integral member of the Investments Team. 

 

Duties & Responsibilities:

 

  1. Assist with multifamily asset management duties including financial modeling (primarily Excel based analyses), project management, cash management, client reporting and property valuation analysis.
  2. Provide operational guidance, financial oversight and consultation to 3rd party property management, marketing, and leasing personnel based upon the strategic plan with respect to each property.
  3. Ensure assets are being operated in a manner consistent with the project’s business plan, joint-venture operating agreements, and loan documents.
  4. Manage and monitor property-level capital projects and value-add initiatives.
  5. Prepare investor, lender, and internal reports on an ad-hoc, monthly, quarterly, and annual basis.
  6. Prepare ad-hoc analysis in Excel to analyze trends and/or property metrics and assist with special projects, as needed.
  7. In conjunction with the 3rd party property management team, establish the annual budget (capital and operating) and business plan.
  8. Act as a company representative and point of contact with lenders, institutional investors, vendors, and contractors.
  9. Provide and update sell/refinancing/hold analyses on portfolio assets.
  10. Assist, as needed, with the underwriting, due diligence, capital markets and closing processes of acquisition opportunities and the property sales of dispositions.

 

 

 

Qualifications:

 

  1. Bachelor’s degree – real estate, finance, or accounting.
  2. Minimum of 2 to 4 years multifamily acquisitions/asset management experience with an owner, investor/operator.
  3. Highly organized, detail oriented with the ability to work independently balancing multiple projects.
  4. Strong writing and presentation skills.
  5. Strong work ethic, integrity and commitment to meet deadlines are essential candidate attributes.
  6. Must have an awareness and understanding of project goals and ability to develop and monitor specific plans.
  7. Able to read and interpret financial statements.
  8. Ability to work individually or on a team.
  9. Excellent Microsoft Excel skills.
  10. Knowledge of Yardi and revenue management systems like LRO and Yieldstar a plus.

 

 

 

Job Functions


  • Asset Management
  • Financial Analysis
 

Job Sector


Not specified

 

Experience


2+ to 5 years


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