The Associate Asset Manager will directly support a Vice President and a Managing Director across all aspects of asset management on behalf of the firm.
Responsibilities include:
- Prepare and track annual budgets, forecasts, variance analyses, business-plan assumptions, leasing projections, and quarterly reports for assigned assets.
- Monitor financial and operating performance, identify deviations from approved plans, and prepare analyses and recommendations for the senior asset management team.
- Prepare and submit accurate lender, partner, investor, and internal reporting, and track recurring requirements and deadlines.
- Prepare annual CAM reconciliations and other tenant recovery calculations in accordance with lease requirements.
- Review and summarize tenant leases, loan documents, and purchase and sale agreements; support due diligence and track key obligations, conditions, and dates.
- Coordinate with third-party property managers and monitor compliance with approved business plans, budgets, reporting requirements, and operating standards.
- Support capital improvement and tenant improvement projects, including budgeting, approvals, contracting, scheduling, and cost tracking.
- Coordinate leasing brokers, maintain leasing pipelines, analyze market conditions and comparable transactions, and support landlord negotiations.
- Prepare LOIs and support lease negotiations and documentation in coordination with senior asset managers and legal counsel.
- Maintain Argus models, asset valuations, and cash-flow forecasts using current operating, leasing, and market assumptions.
- Maintain complete and organized property records, including leases, loans, contracts, insurance, vendor, building, and emergency-procedure information.
- Perform research, financial analysis, and other strategic or asset-level projects as requested by senior management.
Requirements
- 4-year college degree required.
- 5+ years of asset management experience commercial property management
(office/retail/industrial/multifamily) handling various aspects of ownership and management, including property maintenance and repair, tenant improvements, tenant complaints, vendor contracts, lease administration and enforcement, etc.
- Knowledge and understanding of real estate law, finance, and accounting procedures
- Strong customer service and tenant relation skills
- Extremely strong organizational skills, attention to details and ability to remain composed and flexible
- Self-motivated with ability to follow-through and exercise good judgment; creative, analytical, and resourceful
Benefits
- Competitive salary of $125,000–$150,000 commensurate with experience plus annual bonus.
- Comprehensive benefits package including health, dental, and vision insurance.
- Retirement savings plan with employer match.
- Paid time off and holidays.
- Opportunities for professional development and career advancement within a growing company.