Description
Duties and Responsibilities:
- Assist with asset management duties including financial modeling (primarily Excel based analyses), project management, cash management, and client reporting and property valuation analysis.
- Provide operational guidance, financial oversight and consultation to property management, marketing, and leasing agent personnel based upon the strategic plan with respect to each property.
- Ensure assets are being operated in a manner consistent with the project’s business plan, joint-venture operating agreements, and loan documents.
- Monitor and analyze the financial status of conversion projects.
- Prepare investor, lender, and internal reports on an ad-hoc, monthly, quarterly, and annual basis.
- Preparation of periodic Investor Reports (monthly, quarterly, annually – as required) to communicate investment performance and highlight accomplishments and challenges to AM Team, Managing Partners, Investment Committee and Investors.
- In conjunction with the property management team, establish the annual budget (capital and operating) and business plan.
- Act as a company representative and point of contact with lenders, institutional investors, vendors, and contractors.
- Prepare ad-hoc analysis in Excel to analyze trends and/or property metrics and assist with special projects, as needed.
- Assist, as needed, with the underwriting, due diligence, capital markets and closing processes of acquisition and redevelopment opportunities.
- Coordinate with Acquisitions team to provide investment strategy, business plan and initial budget for new investment opportunities.
- Periodic communications with investors as required and as appropriate to inform of relevant performance issues or events (property damage, liabilities, etc.) affecting the investment performance.
- Manage property cash flow, provide cash forecasting and cash distribution analysis.
Qualifications:
- Bachelor’s degree – real estate, finance, or accounting.
- Minimum of 3 to 5 years relevant acquisitions/underwriting/asset management experience with an owner, investor/operator.
- Strong writing, communication and presentation skills.
- Experience in real estate development is required; experience with residential properties is preferred.
- Strong work ethic, integrity and commitment to meet deadlines are essential candidate attributes.
- Must have an awareness and understanding of project goals and ability to develop and monitor specific plans.
- Able to read and interpret financial statements.
- Ability to work individually or on a team.
- Excellent Microsoft Excel skills; proficient in Argus is preferred
- Highly organized, detail oriented with the ability to work independently balancing multiple projects.
Experience
2+ to 5 years
This job is no longer active.