Asset Management Associate Los Angeles, California

Job Description

Responsibilities

• Work with senior Asset Manager in managing a portfolio of various investments. 
• Assist in executing investment strategy
• Prepare annual business plans to achieve investment strategies that are consistent with client objectives.
• Prepare quarterly valuations, quarterly investment updates, quarterly cash flow projections and other financial reports.
• Review and approve property operating statements; share accountability for budgeted results and supports the budget versus actual analysis.
• Participate in leasing calls and manage VTS.  Analyze leases and rental rates against market and budget; make recommendations to Portfolio Management on leasing decisions; participate in lease negotiations with senior Asset Manager. 
• Analyze value of capital projects; create plan and make recommendations to Portfolio Management; execute capital plan; track actual results vs budgeted plan.
• Assist in negotiating property management agreements with senior team.
• Support senior team in restructurings, sales and asset financings, as needed.
• Understand capital and investment structure and the relationship between property operations and investment performance.
• Understand and report on investment performance measures and metrics.
• Drive ESG program for each of assets managed. 
• Develop strong market knowledge for assigned assets; collect market information including competitive market information.
• Support Asset Management on assets through data collection, cash flow modeling, competitive analysis, research analysis and annual business plan and budget preparations. 

Skills/Experience Required

• BS/BA and a strong academic record with emphasis on real estate, finance, accounting and/or economics required. 
• 2-3 years of direct real estate asset management experience required.
• Strong analytical and organizational skills.
• Knowledge of accounting and finance principles.
• Strong oral and written communication skills.
• Fluency with Argus AE valuation software and Excel required.
• Ability to select and efficiently manage the activities of internal resources and third-party service providers
• Good negotiation skills, presentation skills and a history of successful interaction with clients and partners