Asset Management Analyst - Multifamily Real Estate at Bluecore Residential | NY, US | Rezi

Asset Management Analyst - Multifamily Real Estate at Bluecore Residential

Asset Management Analyst - Multifamily Real Estate

Bluecore Residential · NY, US

1 months ago

Asset Management Analyst - Multifamily Real Estate

Bluecore Residential · NY, US

2 months ago
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About the Role

Bluecore is seeking an Asset Management Analyst to support budgeting, underwriting analysis, and operational performance monitoring across its multifamily portfolio. This role offers direct exposure to all aspects of the investment lifecycle, working closely with senior leadership, and provides a strong pathway into asset management or acquisitions.

Responsibilities

  • Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers, market conditions, and comparable property performance.
  • Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data.
  • Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans.
  • Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups.
  • Extract and analyze property management system data to support recurring reporting and ad hoc analysis.
  • Build and maintain detailed financial models for multifamily acquisitions and development projects.
  • Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance.
  • Support investment reporting materials, including memos, return analysis, and scenario modeling.
  • Assist in due diligence processes, including review of third-party reports and financial data.
  • Support the annual budgeting process: build, model, and stress-test property-level operating budgets.
  • Prepare monthly and quarterly portfolio reporting materials for internal and investor use.
  • Perform variance analysis against underwriting and reforecast projections.
  • Support cash flow forecasting and performance tracking across investments.
  • Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios.
  • Prepare analytical memos with clear recommendations for senior leadership.
  • Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions.
  • Leverage AI tools to streamline underwriting, reporting, and workflows.
  • Help develop and refine internal processes to improve efficiency and scalability.
  • Identify opportunities to automate recurring analyses and enhance data quality.

Requirements

  • Bachelor's Degree in Finance, Economics, Accounting, Business or related field.
  • One to four years of experience in multifamily or commercial real estate (asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds).
  • Strong financial modeling skills in Excel (ability to build and audit models).
  • Familiarity with multifamily operating statements and key metrics (NOI, economic occupancy, trade-outs, expense ratios).
  • Proficient in PowerPoint and experience preparing investment materials.
  • Strong analytical skills with experience working with large datasets (rent rolls, T-12s, budgets).
  • At least one year of experience with multifamily underwriting and development projects.
  • Experience with construction budgets, draw processes, and cost tracking.
  • Exposure to AI tools or interest in applying technology to investment workflows.
  • Experience with Yardi, RealPage, Entrata, or comparable property management systems.

Skills

  • Financial Modeling
  • Excel
  • PowerPoint
  • Data Analysis
  • Underwriting
  • Budgeting
  • Asset Management
  • Property Management Systems (Yardi, RealPage, Entrata)
  • AI Tools

Location

  • Newport Beach, CA

Work Type

  • Full-time

Experience Level

  • 0-4 years

Education Level

  • Bachelor's Degree

Salary/Compensations

  • Competitive Salary
  • Performance Bonuses

Benefits

  • Unlimited Paid Time Off
  • Holiday Pay
  • Paid Volunteer Hours
  • Housing Discounts
  • Comprehensive Insurance Benefits (Medical PPO, HDHP, FSA, HSA with employer match, Dental, Vision, STD, & LTD)
  • 401K with a 25% company match up to 6%
  • Travel & Personal Discounts (Rental Cars, Verizon, Expedia)
  • Certification Reimbursement

About the Company

  • Bluecore Residential is a privately owned real estate investment company headquartered in Newport Beach, CA.
  • Bluecore principals have owned and operated a multifamily portfolio totaling more than 16,000 units in high-growth secondary markets.
  • Bluecore’s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.
  • Since 2018, Bluecore principals have been investing preferred equity in multifamily assets on behalf of large institutional investors.
  • In 2022, Bluecore principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception.
  • Going forward, Bluecore is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.
  • Tech Forward & Transparent Culture - Innovative internal software to make your job easier!
  • Cultural Appeal - We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!

Equal Opportunity

  • EOE