Asset Management Analyst

2 months ago

New York, United States Stellar Management Full time

ASSET MANAGEMENT ANALYST for STELLAR MANAGEMENT


Stellar Management is looking for entry level Asset Management Analyst. The Analyst will have the opportunity to work on multifamily, office, and retail real estate equity and debt investments, primarily in New York City. The Analyst will support the Asset Management team in all disciplines of the real estate investment cycle, including acquisitions & dispositions, leasing, construction, operations, equity and debt financing, cash flow and financial analysis and reporting. The Analyst will be expected to perform rigorous thoughtful, and accurate analysis to effectuate the business plans which will be unique to each investment. The Analyst will partner closely with colleagues across asset management, acquisitions, development, and construction. The role will involve frequent collaboration with Principals and other senior leadership.


Key Responsibilities

  • Execute and communicate continually with the Stellar Management’s strategic agenda as it relates to real estate assets’ business plans and apprise them on issues/decisions impacting asset values
  • Create and execute the implementation of asset level strategies and operational initiatives aimed at maximizing value for all real estate assets owned by Stellar Management
  • Responsible for the strategic and full-cycle oversight of the asset management for properties owned by Stellar Management
  • Conduct site visits to ensure properties are being operated at or above Company standards


As such, lead and implement the following functions with a hands-on, active management perspective:


Create and maintain Deal Models:

  • Conduct in-depth financial analysis and reporting, comparing actual performance to business plan projections Analyze historical and projected performance to identify trends and opportunities  
  • Monitor actual performance against investment projections and propose solutions to align with business objectives.


Business Plans / Budgets:

  • Develop and execute the business plan for each asset
  • Create and manage asset key performance indicators (KPIs) for
  • Prepare Annual Operating and Capital Budgets
  • Manage assets and operating results to be in line with business plans and budgets


Capital Improvements:

  • Conduct cost / benefit analyses of potential capital improvements and apartment renovation programs
  • Support the execution of capital improvement projects, including on-site visits to monitor progress
  • Contribute to ground-up development projects and specifically manage initial lease-ups and transition from construction to property management


Revenue Management:

  • Actively work with the internal leasing team to meet lease-up targets for both renewed and vacated residential units.
  • Manage 3rd party leasing brokers for office and retail spaces
  • Develop and implement effective leasing and tenant retention programs for office and retail assets
  • Identify and implement new revenue generating strategies


Operations:

  • Support property level teams  in achieving business plans
  • Collaborate with property level staff to identify areas of potential expense savings and revenue generating opportunities


Financing:

  • Manage financing process on an asset level by working with debt brokers, lenders, and in house team
  • Negotiate loan terms to maximize financial benefits
  • Prepare financial models and presentations for lenders and internal principals
  • Guide lenders and appraisers through property walkthroughs to assess property value and condition.
  • +/- $1bn per year of debt transactions


Investor Relations / Reporting:

  • Prepare reports on asset performance, budget variances and significant changes in market and property conditions to internal principals, external equity partners and lenders.
  • Manage the timely and accurate production of financial statements on both a property and portfolio level
  • Help identify, implement, and support accounting best practices to enhance reporting accuracy

                                   

Support Acquisitions Process:

  • Assist in developing business plans for potential acquisitions
  • Opine on rents and costs savings opportunities
  • Propose value creation ideas
  • Perform thorough due diligence to help assess investment viability


Frame capital recycling strategies, create disposition buy/hold analyses, and manage dispositions processes


Experience and Qualifications

  • Entry level position
  • Bachelor’s degree in real estate, finance, economics, or any related field, with a GPA of 3.5 or higher, is required
  • Strong proficiency in Excel or the aptitude and desire to learn Excel and other software programs required
  • Excellent communication, writing/composition, and interpersonal skills
  • Highly analytical and organized, with extreme attention to detail


About Stellar Management:

Founded in 1985, Stellar Management is a New York City based real estate investment and management firm. With over 13,000 apartments and more than two million square feet of office and retail space under the firm’s corporate umbrella, Stellar is an active market participant focused exclusively on New York City. Since its inception, Stellar has built its superior track record on owning and managing properties for a diverse array of residential, office and retail users. Stellar Management employs a direct, hands-on approach to value investing by marrying its best-in-class management operation with in-house construction and development teams. The vertical integration of ownership, development and management is a central tenet of the firm’s investment philosophy and enables Stellar to quality control every step of the investment and execution process. With a fully integrated real estate platform, Stellar is able to provide stakeholders accountability across the many facets of real estate investment. For this, Stellar has cultivated a well-respected reputation in the industry.


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