Asset Management Analyst

Job Description

Title: Asset Management Analyst
Location: New York City

Ashcroft Capital is a national multifamily investment firm with over $1,000,000,000 of assets under management. Ashcroft is focused on major metropolitan statistical areas (MSA’s) which demonstrate consistent rent growth, low vacancy and a growing Real GDP. The firm repositions properties through operational efficiencies, moderate-to-extensive renovations and complete rebranding. The Asset Management Analyst will report to the Asset Manager and be responsible for the below, as well as other tasks related to the job.

Responsibilities:

• Work with Asset Manager to build property level operational strategies and capital projects or other investment factors impacting asset value.
• Interface with property management and construction teams to carry out capital improvement plans on time and below budget.
• Manage 3rd party leasing teams to creatively find new tenants and engage existing tenancy.
• Review monthly operating reports and monitor performance including budget variances and changes to cash flow projections.
• Tracking various portfolio level metrics.
• Perform complex financial analyses including cash flow projections, valuation models, and sensitivity analyses in Excel.
• Assist in all aspects of portfolio operations including property management activities, monitoring operational performance and formulating long term asset plans and strategies.
• Produce and maintain cash flow models using Excel to continuously evaluate asset valuations.
• Working with 3^rd parties to complete dispositions and refinances of existing assets.  
• Work with Asset Manager to develop and implement property level strategies including hold/refinance/sell recommendations. 
• Various ad hoc projects as necessary 

Requirements:

• Bachelor’s degree in Finance, Economics, or Real Estate preferred.
• 1-2 years of experience in a real estate related role – preferably asset management on the principal side. However, we’re open to a candidate from Brokerage or Banking. 
• Expert level proficiency in Microsoft Excel and PowerPoint
• Ability to effectively communicate in writing and orally
• Ability to self-manage, high attention to detail and excellent written and oral communication skills.
• Self-starter who works well within a close-knit team.
• Ability to work efficiently and effectively under tight deadlines

Other Skills and Abilities:

• Ideal candidates will have a proven history of being self-motivated, highly organized, open communicators who are eager to work in a fast-paced entrepreneurial environment with limited formal structure. This position will have a focus on asset management, problem solving, and financial analysis. Additionally, this role will have exposure to acquisitions, construction, and property management.