Job Description

RXR is one of the New York Tri-State’s Leading Real Estate Companies RXR Realty is a New York real estate operating company. With a significant presence in the NY region, the Company has established a franchise uniquely positioned to provide the highest quality real estate and premier services. The Company’s infrastructure, depth of management and financial strength ensure a significant competitive advantage across its markets, defining its position as the leading real estate owner, manager and developer in the Tri-State New York area.

RXR is currently looking for an Asset Management Associate (Development) for its NYC/Uniondale office location.

This role entails working with the asset and portfolio managers to perform detailed financial analysis, prepare sophisticated presentations to internal and external stakeholders, interact with various internal departments, and maximize value of RXR’s New York Tri-State area real estate development assets. This position will also focus on the company’s growing real estate lending platform. This is a tremendous opportunity to gain hands-on real estate experience and develop a holistic knowledge of the industry.

Responsibilities:

Develop sophisticated financial modeling and analyses, including discounted cash flows, IRR analysis, NPV analysis, etc.
Assist in the underwriting, documentation, monitoring and administration of commercial real estate debt, with a focus on construction/development projects
Maintain and develop complex financial models for each asset utilizing Microsoft Excel and Argus
Assist in performing refinancing analyses, quarterly valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc requirements
Assist in preparation of monthly, quarterly, and annual lender and investor reports and presentations
Assist in interactions with and analyses for lenders, investors, ground lessors, and other stakeholders
Create presentations for senior management and investors summarizing property and portfolio status
Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements to assist with general responsibilities
Compile and maintain quarterly Asset Manager reports
Assist in the preparation of property budgets, quarterly reforecasts, and variance analyses
Assist in the creation of the annual business plans for each asset or portfolio
Act as a liaison to other departments within the Company
Monitor and evaluate property operating performance and capital improvements relative to business plan
Interact with internal systems and software to effectuate daily responsibilities

Qualifications:

Bachelor's Degree in finance, real estate, accounting, or related field
A minim of 3-5 years of experience as an analyst in an investment bank, institutional real estate investment firm, or the commercial real estate department of a commercial bank
Understanding of real estate fundamentals, financing principles, and basic capital structures
Exceptional Microsoft Excel skills
Proficient in Word and PowerPoint; Argus and Kardin skills a plus but not required Effective oral and written communication skills
Outstanding quantitative and analytical skills
Ability to work both independently and as a team member
Ability to multi-task effectively

RXR Realty is headquartered in Uniondale, Long Island, with the New York City office located at 75 Rockefeller Plaza. This role will work in NYC but also need to go to Uniondale as needed.

RXR Realty is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law

Asset Management

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