Asset Management Associate

Job Description

Assist the Acquisitions and Asset Management team in feasibility assessment, financial modeling, underwriting, financing, and overall management of new acquisitions and existing assets. Critical to success in this role is a commitment to achieving the highest levels of accuracy relative to pro forma, value (after renovation), estimated renovation costs, and the company’s goals.

Reports To

Managing Director, Acquisitions & Asset Management

Direct Reports

None

Major Functions of this Job

  • Exceptional excel modeling skills including dynamic pro formas, sensitivity tables, construction loans and complex equity waterfalls.
  • Manage a portfolio of real estate assets located in multiple markets throughout Texas.
  • Work with internal resources and property teams to implement initiatives within the portfolio.
  • Participate in underwriting, due diligence, and business plan development for the existing portfolio as well as new properties.
  • Create reports of financial results, variance analyses, and cash flow forecasts for investors and senior management. A good eye for graphic detail is needed to prepare polished, professional presentations.
  • Develop rental rate and occupancy strategies and leasing programs, provide direction and deliver asset strategies to property teams.
  • Manage coordination of post-opening activities and integration of asset into the firm’s ownership portfolio; assist internal departments with the property transition process.
  • Monitor and manage day-to-day performance of stabilized assets.
  • Provide tactical advice on revenue and expense trends.
  • Proctor the annual budget process.
  • Visit each asset and rent comp quarterly to monitor performance and compliance with approved business plans as well as identify opportunities and issues.
  • Work with operations support on loan compliance, vendor compliance, and documentation.
  • Up to date on sub-market and industry trends and changes/transformations.
  • Resourcefulness to independently research market data from various sources. Must be able organize findings in a meaningful way for purposes of investment decisions.

Other Aspects of this Job

  • Attendance and punctuality are essential functions of this position.
  • Abides by all Company policies and procedures.
  • Strong work ethic and ability to be flexible and multi-task.

Requirements

  • Read, write and speak English fluently.
  • Must meet company background investigation and drug screening.
  • Must meet each of our core values:
    • Professional
    • Humble Confidence
    • Team Player
    • Open Minded
    • Creative Problem Solver
    • Takes Ownership
  • Attendance and punctuality are essential functions of this position.
  • Must abide by all Company policies and procedures.
  • Must have a strong work ethic and a good attitude. The ability to be flexible and maintain a sense of humor while managing multiple projects is essential.
  • Must be detail-oriented but able to simplify and summarize clearly and concisely.
  • Must have a passion and appreciation for high-quality real estate development.
  • Prior experience working in some capacity in real estate finance, investment, acquisition, or development is required.

Degrees/Diplomas

  • BS or BA in Business, Finance, Real Estate or related business field is required. A master’s degree in a related business field may be preferred.

Technical Skills

Proficiency in the following:

  • Microsoft Office Suite
  • Typing

Submit Your Resume

  • Accepted file types: pdf, doc, docx, rtf, txt.