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Senior Associate - Asset Management

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Boston
 MA
Postal Code
02108
Country
United States

This job is no longer active.

Description


REAL ESTATE PRIVATE EQUITY FIRM – JOB DESCRIPTION

 

Location: 

Boston, Massachusetts

 

Position: 

Senior Associate – Asset Management

 

Company Description:

The firm is a real estate focused private equity firm that invests in a wide variety of opportunistic and value-oriented commercial real estate transactions where the conditions exist for compelling absolute returns over a short and medium duration. The firm invests throughout the United States in single property transactions and multiple property portfolios whereby the investment strategies are based on property-level operational enhancements as well as those with pricing advantages that arise from distressed, complex, and dislocated scenarios.

 

The firm’s investments are structured in numerous capital forms including direct equity, joint venture equity, preferred equity, mezzanine loans, and transitional first mortgages. Since 1993, the firm has invested in more than $12 billion of commercial real estate on behalf of a diversified and highly regarded group of endowments, foundations, public and corporate pension plans, financial institutions, family offices, and sovereign entities.

 

Responsibilities:

The primary responsibility will be to drive the day-to-day execution of business plans for assets that the firm owns (in conjunction with senior management professionals).  Responsibilities include the following:

 

Asset Management Duties:

  • Monitor and evaluate the performance of investments, execution of business plans, sub-market fundamentals, exit plan strategies and recommend refinancing or disposition when appropriate.
  • Perform cash flow modeling, competitive property analysis, and market research analysis.
  • Maintain internal Argus and cash flow models for material changes (new leasing, capital expenditures, and market leasing assumptions) in connection with each investment.
  • Strategize with team members and joint venture partners to develop strategies to maximize revenue, reduce expenses and capitalize on market dynamics.
  • Interfacing with joint-venture partners, borrowers, lenders, and the brokerage community.
  • Perform periodic property site inspections to ensure property performance and maintenance.

Finance/Accounting Duties:

  1. Oversee the development of annual operating budgets and evaluate ongoing operating performance relative to underwriting. 
  2. Manage construction loan draws and capital budgets and expenditures.
  3. Prepare cash forecasts and distribution analyses.
  4. Review monthly financial and operational results to ensure proper accounting practices and treatment.  Review and understand variances to underwriting and budget. 
  5. Work with JV Partners and property managers to develop appropriate performance indicators to identify potential issues and assist in decision making.
  6. Provide input on capital improvement projects, leasing activities, revenue enhancement alternatives, and expense management.

 

 

Qualifications:

 

Candidates should have broad-based analytical skills, superior capabilities in cash flow modeling, sound research abilities and outstanding communication skills.

  • A Bachelor's degree is required, with a preference for candidates concentrating in real estate, finance and/or accounting.
  • Approximately 3 to 7 years of related experience with exposure to the commercial real estate industry.
  • Exceptional financial analysis and modeling skills utilizing Microsoft Excel and Argus.
  • Ability to manage multiple tasks and effectively meet deadlines.
  • Team player with the ability to work independently and under pressure in an entrepreneurial environment.
  • Experience working with joint venture partners and various investment structures.
  • Outstanding level of attention to detail, accountability, integrity, and ethics.
  • Self-motivated, energetic, and positive individual with strong oral and written communication skills.
 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management Boston Full Time MA Accounting / Control, Asset Management Senior Associate - Asset Management other