Senior Associate Asset Management

Job Description

Your Role:
Report directly to the Managing Director at a fast growing real estate investment company located in Miami, with investments in multiple sectors and markets.

The general role of the Asset Management Senior Associate is to actively and systematically assist in the management of investments to optimize asset value. The Asset Management Senior Associate will assist in the evaluation of asset performance against relevant benchmarks, development, and execution of asset strategies. Specifically, responsible for analysis of major leases and impact on value through ad-hoc and Argus DCF modeling, lease restructuring and alternative scenario modeling/analysis. Also responsible for providing support and coordination to the preparation of the quarterly and annual property reports and budgets. The Asset Management Senior Associate will assist in the management of a dedicated portfolio of assets that will cross multiple product types/markets and multiple Operating Managers.

 

You will be responsible for:

• Prepare analysis of historic portfolio and property results in comparison to industry benchmarks useful in evaluating performance.
• Prepare analysis of all leases, capital projects, or other investment decisions impacting asset value, primarily done through ad-hoc modeling in Excel and Argus DCF.
• To create operational strategy for appropriate benchmarks (annual, 5-year, 10-year) on assets under management.
• Assists in the reviews of the valuation models (Argus and Excel), contribute asset and market level feedback to ensure accurate valuations are maintained.
• Coordinates the development of the Annual Business Plan (ABP) with third-party service providers, including the review and approval of annual property operating and capital budgets.
• Provides analysis of property performance relative to budgeted targets.
• Supervision of activities of third-party management and leasing firms.
• Researches data needs such as lease information and market reports; Reviews Lease Submittal package, evaluates tenant business and credit, and performs lease analysis to see effects on asset performance.

Experience:

• 2-5 years experience in commercial real estate, underwriting or valuation experience is required.
• Four year or equivalent undergraduate degree in Business or related field, and comparable business/real estate experience.
• Post graduate education a plus.
• Effective interpersonal, communication (speaking and writing) and listening skills; Strong financial skills including fluency with Microsoft Excel, Argus, VTS, and Word;
• Ability to understand and interpret commercial lease agreements and language; Ability to undertake detailed analyses to make well-reasoned, decisive recommendations;
• Ability to prioritize, organize, time manage, balance competing deadlines, and be a self-starter are essential;
• Ability to multi-task in a complex, high-volume environment and work with all levels of management and personnel on the critical projects are required;
• Analytical problem solver that can creatively devise solutions and provide tactical advice/implementation strategies; A commitment to continued education in real estate skills will be encouraged.
• This job requires periodic overtime and the potential for limited travel within the U.S.

Benefits:

• Competitive annual salary plus variable compensation structure.
• Health benefits
• 401-k Company plan