Asset Management Associate

4 weeks ago

Los Angeles, United States CareerBuilder Full time

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:

Bachelors 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

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