Asset Management Associate ID-4539

January 21, 2025

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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Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...

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DISCLAIMER

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

5. HOW DO YOU PROCESS INFORMATION?

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

8. HOW TO PRIORITIZE WORK?

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

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