Asset Management Associate

The Associate will play an important role on analyzing property-level transactions including capital renovation/reposition projects, leasing activity, operations, financing events, dispositions, and recapitalizations. 

The role will also support the evaluation and execution of acquisitions & developments alongside senior management. The Associate will be involved in all aspects of the deal process including financial analysis, market research, due diligence, financing, business plan development, and closing.

Additional responsibilities will include preparing property-level and investor-level reports, tracking property-level budgets and performance against relevant benchmarks, as well as ad-hoc analysis to support the asset management and acquisitions teams for both existing and new investments.

ESSENTIAL FUNCTIONS:

The list below is intended to summarize most of the major duties and responsibilities of this position and may be modified by Management as deemed appropriate.   Each employee may not be required to perform all the duties listed, and cross training may be applied.

Asset Management

• Support asset management activities, including repositioning strategies, refinancings, and dispositions
• Prepare and present quarterly and annual asset management and portfolio reports, cash flow forecasts, and waterfall distribution analyses
• Provide recommended solutions to any operational issues that could impact the financial performance of an asset
• Track market activity and maintain database of lease and sales comps

Portfolio Management

• Manage and track portfolio and asset performance & compliance, including portfolio sensitivities on financing, operations, and leasing to assist senior management and investment partner review of strategic and risk management decisions
• Assist with investment and accounting teams to assess cash flow needs, capital requirements, and property-level distributions on a monthly basis
• Coordinate with lenders for reporting, covenant calculations, draw requests and hedging activities

Operations

• Build and maintain detailed financial models utilizing Excel and Argus for acquisition and development projects that incorporate various scenarios, capital structures, and cash flow distribution waterfalls
• Monitor the management of capital renovation projects and operating activities
• Analyze proposed leasing transactions for deal approvals and interface with brokers
• Manage workflow with on-site personnel, property management, and accounting teams

MARGINAL FUNCTIONS:

• Attend meetings and training as required.
• Any other duties as assigned by your supervisor which are necessary for the continued operation of the company.

QUALIFICATIONS:

Education:

• Bachelor’s degree in a related field (business, real estate, etc.) required

Training & Experience: 

• 5 to 7 years minimum experience in either a real estate role (asset management, acquisitions, development, structured finance, investment sales) or advanced financial role (investment banking analyst program, management consulting, Big 4 accounting)
• Experience with Argus is preferred, but not required

Technology:

• Proficient in Microsoft Office; specifically, Excel, Word and PowerPoint
• Computer literate – able to prepare correspondence, access information from property management software and conduct business via e-mail and internet.
• Experience with Yardi and Argus and other property management and analysis software is a plus

Licenses, Certifications & Special Requirements:

• None

Performance Measures:

• Ability to meet stated objectives in an effective and timely manner
• Ability to connect with and to create positive relations with clients and senior management
• Solid analysis, ability to articulate assumptions, conclusions, and recommendations
• Meticulous attention to detail, superior work quality
• Thoughtful presentation and communication skills with the ability to think like an investor

Travel:

• Occasional travel (Western US & Texas)

COMPETENCIES:

• Integrity
• Reliability
• Adaptability
• Communication
• Planning & Organizing
• Analysis / Accuracy / Detail Orientation
• Critical Thinking / Problem Solving
• Teamwork
• Mathematical Aptitude
• Systems Orientation
• Computer Literacy