About Us: Our client is a leading real estate investment firm specializing in the acquisition, management, and optimization of high-quality commercial properties. Our portfolio spans a diverse range of asset classes, including office, retail, and multifamily properties. We are committed to delivering superior returns through strategic investments and proactive asset management.
Position Overview: We are seeking a detail-oriented and motivated Asset Management Associate to join our dynamic team. The ideal candidate will have a strong analytical background and a passion for real estate. As an Asset Management Associate, you will play a key role in supporting the asset management team with the analysis, monitoring, and optimization of our real estate portfolio.
Key Responsibilities:
Financial Analysis: Conduct in-depth financial analysis of properties, including budgeting, forecasting, and variance analysis. Prepare and review financial reports and performance metrics to support decision-making processes.
Asset Performance Monitoring: Monitor and evaluate the performance of assigned assets, including occupancy rates, lease renewals, rent collections, and operating expenses. Identify opportunities for improvement and recommend strategies to enhance asset value.
Market Research: Perform market research and competitive analysis to inform investment strategies and asset management decisions. Stay informed about market trends, property values, and industry developments.
Property Management Coordination: Collaborate with property management teams to ensure effective operations, tenant satisfaction, and adherence to property budgets. Assist in the resolution of operational issues and tenant concerns.
Reporting: Prepare detailed asset performance reports for internal stakeholders and investors. Present findings and recommendations in a clear and concise manner.
Financial Modeling: Develop and maintain financial models to evaluate potential investments, property acquisitions, and dispositions. Conduct sensitivity analyses to assess various scenarios and their impact on asset performance.
Project Management: Assist in the management of capital improvement projects and other value-add initiatives. Coordinate with contractors, vendors, and internal teams to ensure timely and cost-effective execution.
Compliance: Ensure that all asset management activities comply with company policies, legal requirements, and regulatory standards. Maintain accurate and up-to-date records for auditing purposes.
Qualifications:
- Bachelor's degree in Finance, Real Estate, Business Administration, or a related field. Advanced degree or professional certification (e.g., CFA, CPM) is a plus.
- Minimum of 3-5 years of experience in real estate asset management, financial analysis, or a related field.
- Strong analytical skills with proficiency in financial modeling and analysis. Experience with Excel, Argus, or other real estate software is highly desirable.
- Excellent communication and presentation skills, with the ability to convey complex information clearly and concisely.
- Detail-oriented with strong organizational skills and the ability to manage multiple tasks and projects simultaneously.
- Ability to work independently and as part of a team in a fast-paced environment.
- Knowledge of local real estate market dynamics and regulatory environment is a plus.
What We Offer:
- Competitive salary and performance-based bonuses.
- Comprehensive benefits package, including health, dental, and retirement plans.
- Opportunities for professional growth and career advancement.
- A collaborative and dynamic work environment in the heart of Washington, DC.
