Senior Associate/Manager
Position Overview
This position is primarily responsible for duties related to the overall asset management of
properties, but also works closely with the acquisitions team regarding all aspects of financial feasibility throughout the project life cycle. This position focuses on all transactions and strategies in the portfolio including maintaining communication with partners, corporate accounting, and the acquisitions team. This position also provides critical support to the senior staff in connection with financial modeling, budgeting, and assessing potential and current projects.
Responsibilities
• Collaborate, negotiate, and liaise with joint venture operators, property managers, and contractors to
ensure the executions of the business plans for each asset and improve/modify the business plans as necessary.
• Review and analyze weekly and monthly asset management/property management reports and
financials to ensure that business plans/property performance are on track and on budget.
• Provide and recommend solutions to any operational issues that could impact the financial
performance of an asset.
• Manage the cash flow and profitability of each asset in the portfolio and identify opportunities for
value creation.
• Prepare portfolio monthly asset management reports, including variance analysis and commentary
and ad hoc reports as necessary.
• Work with the asset manager during the budget cycle to review and complete budgets and annual
business plans.
• Prepare refinancing and hold/sell analysis and formulate strategies accordingly.
• Collaborate with senior staff with the execution of exit strategy and disposition process, including
broker selection, negotiation with partners, buyers and lenders, closing, etc.
• Prepare market, ad hoc portfolio, and asset-level analysis and reporting as assigned.
• Process funding requests/distributions and related documentation, as necessary.
• Assist senior staff with financial modeling to implement plans and budgets consistent with the
company’s development, acquisition, financing, leasing operating, and disposition strategies.
• Develop, analyze, and update project proformas, budgets, and action plans throughout the project
life cycle.
• Provide financial updates, market research, and ad hoc reports to the team and executives as
necessary.
• Conduct due diligence, managing third-party specialists such as appraisers, accountants,
consultants, etc.
• Review, analyze, and modify legal documents; coordinate and work with attorneys in drafting and
updating contracts. Negotiate with partners for better terms as necessary.
• Prepare, and create internal explanation materials. Make explanations/presentations. Create new
formats for explanations/presentations as necessary.
• Process other administrative duties, and organize project information files/folders, as necessary.
• Assist in overseeing local third-party property managers and leasing agents.
• Assist in supplying information to develop and execute management strategies to maximize the
value of each asset through the analysis of property efficiencies and improvement of performance.
• Prepares and updates annual business plan and quarterly/monthly performance reports for each
asset.
• Develops and negotiates with lenders regarding re-financing strategy of each asset.
• Prepares hold/sell analysis report on annual basis with exit strategies.
• Assists with execution of exits strategy and disposition process including broker selection,
negotiation with buyers and lenders, closing, etc.
Job Requirements
• Minimum 3-5 years of experience in asset management, acquisitions, real estate finance, or
property management is required.
•The commercial office assets experience is strongly preferred. Multi-Family experience is a plus.
• Experience in an institutional setting as well as experience interfacing with JV partners,
lenders, and property managers is strongly preferred.
• Experience in reviewing financial statements/ Joint Venture Agreements/ Loan Agreements/
Property Management Agreements is strongly preferred.
• Experience in investment operations in any of the middle office, back office, and/or
compliance preferred.
• Strong quantitative and analytical skills and working knowledge of MS Suite; high
proficiency in MS Excel is required (must be able to model a waterfall),
• Effective writing skills and ability to synthesize information, as well as verbal
interpersonal/communication skills.
• Critical thinking, and analytical abilities to reasonably anticipate the needs of others
proactively.
• Must be a self-starter and able to multitask, prioritize, and manage own projects and
workstreams.
contracts
Experience in investment operations in middle office, back office, or compliance.
Strong writing skills, ability to integrate information, and excellent oral communication skills.
Critical thinking and analytical skills to reasonably anticipate others' needs.
Ability to handle multiple tasks simultaneously, prioritize and manage own projects and workflow.
Salary (Annual)
USD 140,000 to 160,000 + bonuses
Work Arrangement:
Hybrid (3 days a week working in the New York office)
Other
General office equipment such as phone, fax, copier, personal computer, printer, scanner.
Software includes Windows operating system and MS Office.
Real estate investment valuation software (ARGUS) will also be used.
Domestic travel within the region and occasional overnight stays; no international travel.
Regrettably, due to the high volume of applications received, only candidates selected for the shortlist will be notified. Thank you for your understanding.
Position Overview
This position is primarily responsible for duties related to the overall asset management of
properties, but also works closely with the acquisitions team regarding all aspects of financial feasibility throughout the project life cycle. This position focuses on all transactions and strategies in the portfolio including maintaining communication with partners, corporate accounting, and the acquisitions team. This position also provides critical support to the senior staff in connection with financial modeling, budgeting, and assessing potential and current projects.
Responsibilities
• Collaborate, negotiate, and liaise with joint venture operators, property managers, and contractors to
ensure the executions of the business plans for each asset and improve/modify the business plans as necessary.
• Review and analyze weekly and monthly asset management/property management reports and
financials to ensure that business plans/property performance are on track and on budget.
• Provide and recommend solutions to any operational issues that could impact the financial
performance of an asset.
• Manage the cash flow and profitability of each asset in the portfolio and identify opportunities for
value creation.
• Prepare portfolio monthly asset management reports, including variance analysis and commentary
and ad hoc reports as necessary.
• Work with the asset manager during the budget cycle to review and complete budgets and annual
business plans.
• Prepare refinancing and hold/sell analysis and formulate strategies accordingly.
• Collaborate with senior staff with the execution of exit strategy and disposition process, including
broker selection, negotiation with partners, buyers and lenders, closing, etc.
• Prepare market, ad hoc portfolio, and asset-level analysis and reporting as assigned.
• Process funding requests/distributions and related documentation, as necessary.
• Assist senior staff with financial modeling to implement plans and budgets consistent with the
company’s development, acquisition, financing, leasing operating, and disposition strategies.
• Develop, analyze, and update project proformas, budgets, and action plans throughout the project
life cycle.
• Provide financial updates, market research, and ad hoc reports to the team and executives as
necessary.
• Conduct due diligence, managing third-party specialists such as appraisers, accountants,
consultants, etc.
• Review, analyze, and modify legal documents; coordinate and work with attorneys in drafting and
updating contracts. Negotiate with partners for better terms as necessary.
• Prepare, and create internal explanation materials. Make explanations/presentations. Create new
formats for explanations/presentations as necessary.
• Process other administrative duties, and organize project information files/folders, as necessary.
• Assist in overseeing local third-party property managers and leasing agents.
• Assist in supplying information to develop and execute management strategies to maximize the
value of each asset through the analysis of property efficiencies and improvement of performance.
• Prepares and updates annual business plan and quarterly/monthly performance reports for each
asset.
• Develops and negotiates with lenders regarding re-financing strategy of each asset.
• Prepares hold/sell analysis report on annual basis with exit strategies.
• Assists with execution of exits strategy and disposition process including broker selection,
negotiation with buyers and lenders, closing, etc.
Job Requirements
• Minimum 3-5 years of experience in asset management, acquisitions, real estate finance, or
property management is required.
•The commercial office assets experience is strongly preferred. Multi-Family experience is a plus.
• Experience in an institutional setting as well as experience interfacing with JV partners,
lenders, and property managers is strongly preferred.
• Experience in reviewing financial statements/ Joint Venture Agreements/ Loan Agreements/
Property Management Agreements is strongly preferred.
• Experience in investment operations in any of the middle office, back office, and/or
compliance preferred.
• Strong quantitative and analytical skills and working knowledge of MS Suite; high
proficiency in MS Excel is required (must be able to model a waterfall),
• Effective writing skills and ability to synthesize information, as well as verbal
interpersonal/communication skills.
• Critical thinking, and analytical abilities to reasonably anticipate the needs of others
proactively.
• Must be a self-starter and able to multitask, prioritize, and manage own projects and
workstreams.
contracts
Experience in investment operations in middle office, back office, or compliance.
Strong writing skills, ability to integrate information, and excellent oral communication skills.
Critical thinking and analytical skills to reasonably anticipate others' needs.
Ability to handle multiple tasks simultaneously, prioritize and manage own projects and workflow.
Salary (Annual)
USD 140,000 to 160,000 + bonuses
Work Arrangement:
Hybrid (3 days a week working in the New York office)
Other
General office equipment such as phone, fax, copier, personal computer, printer, scanner.
Software includes Windows operating system and MS Office.
Real estate investment valuation software (ARGUS) will also be used.
Domestic travel within the region and occasional overnight stays; no international travel.
Regrettably, due to the high volume of applications received, only candidates selected for the shortlist will be notified. Thank you for your understanding.