Senior Associate- Asset Management

Our established Florida-based Multifamily Real Estate client seeks a dynamic and experienced Senior Associate to join their Asset Management team. Position is based in Boca Raton with property travel involved.

Responsibilities include:

• Work directly with Acquisitions team to review and validate underwriting and participate in due diligence activities
• Assist in evaluating and directing the overall performance for assigned multifamily portfolio
• Effectuate strategic decisions, implementing owner/equity partners investment objectives to achieve each asset’s income, expense and targeted IRRs
• Assist with ensuring compliance with loan and JV covenants
• Review distributions to investor partners
• Analyze capital improvement project plans to determine profitability and consistency regarding investment strategy
• Monitor capital project progress
• Identify value creation opportunities and develop action plans to achieve desired results
• Assist in the preparation, implementation and review of property budgets, variance analysis and business plans
• Maintain close relationships and direct communication with lenders on existing investments, preparing investor reports via Investor Relations team and respond to investor requestors for information

Requirements include:

• Superior analytical, written and verbal communication skills required
• BS/BA required in Finance, Business, Economics or Accounting preferred
• Strong Excel financial modeling and cash flow analysis
• Proactive thinker with creative problem solving approach
• Ability to work effectively in a team environment with all levels within the organization
• 5+ years Real Estate Multifamily Asset Management experience required.
• Experience with Multifamily Lease-up properties required
• Knowledge of Yardi software preferred
• Knowledge of commercial real estate fundamentals, investments and market analysis