Position: Asset Management Associate, Multifamily Division
Continental Realty Corporation (CRC) is seeking an Asset Management Associate with strong critical thinking skills, looking for an opportunity to learn through active management of a diverse multi-family portfolio. Individual will be responsible for operational reporting and financial analysis, as well as collaboration with in-house and third-party operators. Associate will assist Asset Managers and will be expected to manage a small portfolio of their own.
Essential Duties and Responsibilities:
Analyze and report on key performance indicators for both operational and financial performance.Reporting will be informational for owners and must be actionable for operational managers.
In advance of the annual budgeting process, provide upfront performance expectations to the operations team, assist with budget reviews and approve the final operating budget.
With inputs from the Operations and Construction departments, this role will be responsible for tracking the five-year capital needs across portions of the CRC portfolio. Associate will work with Asset Managers on in-depth assessments of scope and timing for near-term capital recommendations.
On assets undergoing renovations or other repositioning efforts, Asset Management Associate will be responsible for tracking project status, job cost and variances on a regular basis.This includes site tours.
Meet with Regional Managers regularly to review property performance and highlight notable trends to the operations team.This includes assessing cash flows, balance sheets, sub-market fundamentals, and other key performance indicators identified by the Asset Management team.
The Asset Management Associate will occasionally present directly to ownership on high-level financial, operational performance results as well as sub-market happenings. Candidates must be strong, professional presenters with a desire to grow.
Present proposed distribution schedules annually to senior members of the Asset Management team, the Investor Reporting Department and to ownership.
Assist Asset Managers on property acquisitions, dispositions and financing. Required Skills and Qualifications:
3-5 years of experience in multifamily asset management or multifamily management / operations.
Bachelor’s degree required.Advanced degree in Real Estate, Accounting, Finance or MBA preferred.
A strong understanding of operational intricacies, real estate accounting, finance and the overall real estate industry.
Demonstrated ability to effectively prioritize projects and efficiently work independently at times
Outstanding written and verbal communication skills as well as strong overall professional presentation skills.
Demonstrated ability to analyze financial and operational data and prepare analysis and reports
Demonstrated excellence in Excel
Experience with property management software (preferably Yardi) and rent optimization software (preferably LRO) is preferred