Asset Management Associate

Founded in 1912, Gotham is a New York real estate developer, owner and property manager delivering smart and stylish life experiences that transform the buildings and neighborhoods where residents live, work, shop and dine. Its three business divisions, Gotham Development, Gotham Properties, and Gotham Hospitality, offer a diverse and evolving portfolio of luxury rentals, condominiums, retail and mixed-use spaces, a full-service property management business, and the artisanal food halls Gotham West Market and Gotham Market at The Ashland.

Gotham has over 100 years of experience constructing and developing high quality mixed-use buildings throughout New York. Gotham’s long track record of success in developing homes for low, moderate, and middle income residents in New York City is possible thanks to successful partnerships with public agencies, not-for-profits, other developers and land owners. Following development and construction, Gotham’s in-house property management division seamlessly transitions into ongoing building and community management, operating vibrant and engaging communities in the neighborhoods it builds in.

Description:  The Asset Management Associate will assume an active role in portfolio-level strategic planning, financial reporting, budgeting and staffing, including the annual budget process and quarterly reforecasts.

Reporting/Forecasting 

• Assist with monthly income statement review with property managers and accounting to assure that expense accruals and reclasses are accurate and posted in a timely manner
• Compile and maintain weekly/monthly/quarterly Asset Management reports (such as weekly collections report, monthly cash flow & health report, key operational metrics, etc.) 
• Assist in the preparation of property budgets, reforecasts, and variance analyses
• Assist in the creation of the annual business plans for each asset or portfolio

Operational Metrics 
• Leasing: assure that vacancy and renewal trackers are updated periodically by operations; assume an active role in market and comp analysis
• Revenue: generate monthly reports on resident billing (such as monthly posting, rent roll, GPR report, etc. ) both tenant and subsidy (HAP), to identify any discrepancies; work with the site teams to address any discrepancies identified.
• Collections: lead monthly arrears meetings with operations, follow-up actively on high delinquencies 
• General: analyze project cash flow and monitor operating expenses

Compliance 
• Create and maintain agency (HDC/HPD/HCR/etc.) audit tracker – physical and file audits
• Assure that reports (such as MPORs) are sent timely to the respective regulatory agencies and tax credit syndicators  
• Monitor affordable vacancies to assure that the compliance team completes file verifications with third-party (Star Momentum) and submits files to the regulatory agency in a timely manner
• Monitor affordable lease expirations/renewals, recertifications, student statuses (for buildings with LIHTC recertification waivers) 

 
General Responsibilities 
• Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general responsibilities
• Assist with property/portfolio takeovers as needed 

Qualifications & Requirements
• Bachelor’s/master’s degree in finance, business or a related field
• 2-5 years of experience in real estate asset management and / or portfolio management
• Exceptional analytical and presentation skills
• Attention to detail and ability to learn quickly
• Excellent interpersonal and communication skills

Gotham is an equal opportunity employer. Gotham does not discriminate in employment on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, or other applicable legally protected characteristics. We celebrate diversity and are committed to creating an inclusive environment for all employees.