Asset Management Associate Jobs

ROLE: Investment Management Associate

LOCATION: New York, NY

COMPANY DESCRIPTION:

Our Client is a leading real estate investment and operating company focused on creating exceptional opportunities in innovative markets. Led by data-analytics and sound fundamentals, the firm invests with an institutional perspective and entrepreneurial execution. Since its inception in 2002, the firm has grown its portfolio to over $3.2 billion of assets under management. The company utilizes its expertise in acquisitions, financing, development, investment management, leasing, property management, accounting and dispositions to create and maximize value.

ROLE OVERVIEW:

The Investment Management Associate will be responsible for the performance of several assets within the firm’s portfolio. The Associate will support the firm’s investment management team while executing value-enhancing strategies and overseeing daily operations of the portfolio.

ROLE RESPONSIBILITILES:

Leasing

• Engage third-party brokers, negotiate brokerage agreements and monitor performance of brokers in commercial leasing.
• Prepare lease abstracts, loan abstracts, master lease and/or condominium abstracts.
• Monitor tenant compliance with leases, including all financial obligations as well as permitting and/or
• Review and analyze active LOIs and conduct lease negotiations with tenants.
• Monitor and maintain the appearance of vacant spaces, engage engineers, architects, and contractors for
• Alteration requirements under the lease.
• Conduct market studies and execute agreed-upon leasing strategy; establish and maintain broker
• Relationships and market knowledge.
• Any required Landlord’s Work.

Financial

• Established policies.
• Monitor accounts receivable, coordinate collections and respond to any delinquencies in accordance with
• Analyze cash available at each property and discuss any deficiencies/surplus with senior management in
• Draft investor letters and manage reporting processes for lenders and investors.
• Financial modeling of existing investments; create, maintain and update existing investment models.
• Perform variance analysis of financial reports (i.e., budget versus actual, year-to-date performance, year-
• Regularly review all tenant billings of base rent and additional rent.
• Monitor expenses in relation to budget.
• Administer loan covenants and manage the drawdown of loan reserves.
• Review and analyze property budgets and prepare for review and discussion with senior management and
• Interface with lenders for approvals, new loans and refinances.
• Over-year performance).
• Perform buy/sell and refinance analyses for existing investments.
• Recommending capital calls/distributions.
• Investment partners.

Development

• Coordinate monthly draw packages (equity and debt), which includes invoice processing, budget tracking
• And monthly reporting updates to investors and lenders.
• Review general contractor and consultant invoices for accuracy and compare to applicable proposals/contracts.
• Actively participate in day-to-day project management.
• Coordinate the work of external consultants, including architects, engineers, construction managers.
• Participate in on-site OAC meetings with construction management personnel and design, consultant, and contractor teams.
• Coordinate and attend meetings with regulatory and permit officials to complete entitlements and permits.

Operations

• Work with consultant to review tenant insurance compliance with lease and property insurance compliance
• With loan.
• & maintenance and capital improvements.
• Regularly visit properties and conduct on-site inspections.
• Work with property managers to bid and oversee operational contracts and services for both repair
• Assist with dispositions and acquisition due diligence as required.
• Prepare documents to affect tax certiorari for each property with approved third-party counsel.
• Interface with property managers and other third parties including lawyers, accountants, partners, architects and consultants.
• Manage tenant relationships and respond to all tenant inquiries and correspondence.

EXPERIENCE REQUIRED:

• Proficient in Microsoft Excel and Argus
• Strong interpersonal/tenant relations skills
• Ability to multi-task and work in a high energy, team-oriented environment
• 3-5 year’s institutional real estate experience
• Strong verbal and written communication skills
• Ability to review and analyze financial reports
• Must be organized, detail oriented, and analytical