Asset Management Analyst

4 weeks ago

Red Bank, United States First National Realty Partners Full time
Job DescriptionJob Description

POSITION SUMMARY:

The Asset Management Analyst is responsible for supporting the day-to-day tasks and initiatives of the Asset Management department working to manage a large portfolio of commercial properties in addition to working on prospective deals in the company's pipeline. This position has no direct reports.

ACCOUNTABILITIES:

  • Develop models for hold/sell/refinance, lease returns, etc. and analyze key investment decisions
  • Assist in developing annual budgets and ensuring the property has adequate cash to fund operations
  • Calculate quarterly distributions to investors
  • Coordinate lender reporting and reserve/future funding draw requests
  • Maintain current models in Argus and Microsoft Excel of assigned portfolio

MEASURABLES:

  • Argus Models – Updated Quarterly within 30 days of Quarter end
  • Variance Analysis – provide monthly variance analysis within two weeks of Month end

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Collaborate with all other departments to formulate, implement and communicate the property level business plan.
  • Interface with lenders to provide reporting packages and funding draw requests.
  • Develop financial models for reforecasts of current portfolio.
  • Audit property financial statements and provide recommendations to Asset Manager
  • Assist in the preparation and development of annual property budgets.
  • Perform market research (i.e., mobile data, demographics) for prospective and current projects.
  • Work with the asset management team to perform due diligence on prospective acquisitions including but not limited to underwriting cash flow, reviewing historical operating statements, and serving as a liaison with the debt origination team.
  • Determine asset valuation at acquisition and disposition for assets which includes pro-forma analysis from Leasing, Development, and Asset Management.
  • Run ad-hoc disposition and refinance analyses on various properties to determine the highest and best opportunities for use of capital and expenses and distributions.
  • Prepare financial analyses which provide guidance and aid in decision making with respect to capital investments, leasing, and operational decisions.
  • Create processes and procedures to help scale the company.
  • Perform all other duties as assigned.

KNOWLEDGE, SKILLS AND REQUIREMENTS:

  • Bachelor's degree in accounting, finance, business, or related field
  • 2 years of prior real estate experience, specialized experience in the retail sector a plus
  • Strong data analysis, organization, and presentation skills
  • Proficient in Microsoft Excel, Teams, Argus Enterprise, MRI, and Nexus Payables
  • Financial modeling and statistical reporting knowledge and experience with proficiency with financial concepts such as internal rate of return, return on investment, discount rate, capitalization rate, net present value and net effective rent.
  • Ability to prepare budgets, forecasts, variance reports and other reports as needed
  • Effective verbal and written communication skills with the ability to effectively present complex information in a concise manner and respond to questions from top management and others throughout the company.
  • Demonstrated ability to manage multiple priorities and deadlines including working with multiple teams and departments within the company
  • Ability to work extended hours, weekends, and holidays pursuant with industry demands
  • Willingness to travel up to 5% to various properties as directed by Asset Manager

WORK ENVIRONMENT:

Includes a typical office or home-based office environment, with minimal exposure to excessive noise or adverse environmental issues.

PHYSICAL REQUIREMENTS:

Ability to sit for prolonged periods of time.

POSITIONS SUPERVISED:

None.

A WORD ABOUT FNRP

First National Realty Partners is a dynamic private equity firm that's reshaping the commercial real estate landscape. Our vertically integrated structure provides the #1 option for accredited investors looking to earn superior risk-adjusted returns in the necessity-based retail space. Our trusted relationships with top national-brand tenants give our team game-changing intelligence and maneuverability in the industry, specializing in grocery-anchored properties. Our trusted connections with the largest national brands in the country, and our proven investment criteria, allow us to de-risk investment opportunities and present the best, institutional-quality deals to investors who previously would never have had access to this asset class on the open market.

All of this would be impossible without the unparalleled knowledge and experience of our team members who bring the best of their respective fields to our firm. At FNRP we strive to be a responsible organization that creates value for all our stakeholders alike, including tenants, communities, investors, and employees. Our world-class team is united by the same core values as well as dedication toward FNRP's vision: to create a world where everyday accredited investors can invest in world-class institutional quality grocery-anchored commercial real estate.

Working at First National Realty Partners is unlike anything you've experienced before. We're not your stuffy shirt-and-tie office space. We believe in flexibility, accountability, comradery, and achieving our goals together. Will you join us?

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