Austin, TX
Salary Estimate: $75,000.00 - $99,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Ideal Candidate for Role
- Lives in or within 30 minutes of Austin, TX.
- Has worked within or supported asset management functions in prior roles specifically for commercial real estate (i.e. multifamily preferred).
- Has worked with financial analytical tools used for capturing and evaluating inputs including lease data (turnover, historical performance comps, audits, etc.), capital returns, forecasting, valuations, pricing, and operating budgets.
- Ability to put together reports and/or presentations for senior leadership audiences about managed assets on a periodic basis.
§ Help mitigate investment risk by assisting in active asset business plan implementation.
§ Initiate and complete accurate comprehensive quarterly valuations and reports.
§ Perform accurate and timely completion of monthly/quarterly asset management reports, including comprehensive variance comments.
§ Perform Ad-hoc sensitivity and performance return analysis to inform cash management, leasing, and disposition decisions.
§ Assist in formulation, critique and approval of comprehensive annual property business plans, operating and capital budgets, reforecast process, internal and external appraisals and sell/hold strategies. Support Investment Committee presentations by Asset Management.
§ Drive adequate documentation of all activities in an organized electronic file system.
§ Help ensure that the cost-benefit of all leasing/capital investment is documented and ensure that all property-level decisions reinforce overall portfolio and client investment objectives.
§ Advise Head of Asset Management regarding investment performance, budget variances and changes in market/property conditions and valuation, and recommend course of action.
§ Review proposed acquisitions, and provide support in due diligence process.
§ Network and build relationships with other real estate professionals to enhance personal skills and increase industry awareness of CL's investment advisory capabilities.
§ Participate in regular leasing calls and negotiation process.
§ Conduct market research and compile relevant sales and leasing comp data.
§ Help approve all capital work and invoices for dedicated assets.
Education and Experience Required
§ Bachelor's Degree required (Real Estate, Finance, or similar), advanced degree desirable
§ Minimum of 3 years of experience in the commercial real estate business, preferably in asset management and exposure to property management.
§ Some exposure in transactions (acquisitions, dispositions and leasing), deal structuring, underwriting, financing, compliance oversight with complex ownership and financing structures, hold/sell analysis, valuation, financial reporting, managing investment performance, major capital improvements, new construction/development/redevelopment, financing, operations management and accounting.
§ Some familiarity with all property and life-cycle types, deal structures and national and regional real estate markets.
Knowledge, Skills, and Abilities
- Demonstrated interpersonal, leadership, management, communication, conflict resolution, negotiating and listening skills with ability to effectively communicate with internal committees, partners, brokers, attorneys, and consultants
- Proficiency in Excel, Argus, Word, PowerPoint, and Microsoft Office
- Proven ability to absorb complex material and produce timely, accurate, insightful, and concise work product
- High level of initiative and exceptional work ethic; willing to work late hours and weekends as needed
- Ability to "benchmark" and apply past experience in order to make well-reasoned, but decisive decisions.
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