Associate, Asset Management Firm
Job Description:
Two year old Real Estate management firm whose founders have a rich history and strong track record in the industry are adding an Associate to their team. Investing in real property, real estate debt and related securities and leveraging the founders relationships and investing experience, the firm has continued to grow and prosper.
The Associate will support the Asset Management team in all disciplines of real estate investment, including acquisitions/dispositions, leasing, construction, property management, equity and debt financing, cash flow and financial analysis and reporting. The role requires an in-depth knowledge of financial concepts and rigorous attention to detail.
Principal Duties and Responsibilities but not limited to:
§Manage daily operation of properties which includes overseeing the property managers in the preparation of budgets, resolving property management matters, and participating in periodic operations and leasing calls.
§Review monthly property management reports to identify, follow-up with, and resolve financial and operational issues.
§Prepare/review analyses, reports, and packages to comply with loan document and operating agreement requirements, including debt service coverage ratio calculations, construction draw requests, and quarterly/annual borrower financial reporting packages.
§Prepare various quarterly asset management reports and write-ups for management, investors, and fund vehicles. Such reports contain market and financial reporting and analyses and investment strategy recommendations.
§Cash flow and financial modeling, including determination of property net cash flow, property valuation, hold/sell analyses, investor IRR, and partner cash distributions and promotes.
§Read, understand, interpret, and abstract legal documents including loan documents, tenant leases, operating agreements, and service contracts.
§Participate in tenant lease negotiations.
§Support the due diligence process for dispositions and debt financing transactions
§Handle various aspects of the insurance programs for the company’s portfolio of assets, including administration of premium allocations, certificates of insurance, claims, and other matters.
Requirements:
Qualifications/Skills:§Bachelor degree required, preferably with a concentration in finance
§Minimum 5+ years working experience in real estate asset management, including financial modeling and valuations, financial and management reporting, budgeting, and market analysis.
§Strong proficiency in Excel and knowledge of Argus.
§Excellent communication, writing/composition, and interpersonal skills.
§Highly analytical and organized, with extreme attention to detail.
§Ability to organize, multi-task, prioritize, think critically and proactively, and thrive in a fast-paced environment and meet critical deadlines.
cal deadlines.
