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Associate - Asset Management

Company is confidential
Salary
$150,000-$174,999
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10016
Country
United States

This job is no longer active.

Description


Our firm, a New York City-based Owner, Operator and Developer of residential and mixed-use real estate, is seeking an Asset Management Associate who will be involved in all aspects of the firm's diverse portfolio of debt and equity investments across a variety of asset classes.  The candidate will be responsible for business plan implementation; supporting financing, recapitalizations and dispositions; generating financial analysis; preparing LP and internal reporting; and managing of third-party vendors for real estate investments across the capital structure, as well as supporting in the acquisitions and originations of new equity and debt investments.


Responsibilities:

  • Prepare financial analysis utilizing reporting prepared by accounting department, guidance of senior team members, and personal experience and insight
  • Report regularly to company senior management and limited partners
  • Prepare written investment updates on quarterly basis using company form
  • Oversee day-to-day execution of project business plans for leasing, capital improvements, etc.
  • Direct, with input from senior management, activities of third parties including residential leasing agents, retail leasing agents, marketing firms, contractors and property management
  • Prepare portfolio-level data for internal underwriting, benchmarking, etc.
  • Assist in execution of capital transactions with respect to assets (financing, recapitalization, disposition, etc.)
  • Maintain operating and capital budgets, project schedules

Qualifications
  • Minimum 2 years of experience as asset manager for a developer, owner-operator or investment fund.  Three to five years preferred.
  • Strong background in Excel required, Yardi experience preferred
  • Strong knowledge of and experience in the property management of New York City multifamily real estate.  Additional experience in condo, affordable housing and/or debt investments preferred.
  • Expert knowledge of New York City with regards to location of streets, neighborhood profiles, and each submarket’s rental and for-sale residential housing prices
  • Experience in development and/or renovation of multifamily real estate including high-level knowledge of NYC building code and zoning ordinance, requisition and loan draw processing and general project management strongly preferred.
  • Top-tier education (degree from a Top 30 ranked undergraduate institution) and strong GPA
  • Strong written and verbal communication skills to successfully manage internal and external relationships
  • Must be able to work independently, prioritize multiple tasks effectively, take on additional responsibility, and have strong attention to detail

Compensation
  • Salary, bonus, and top benefits
  • Salary and bonus will be commensurate with experience.

This job is no longer active.

Asset / Portfolio Management Retail New York Full Time NY Asset Management, Financial Analysis, Portfolio Management Asset Manager other