About the Role
The Associate, Asset Management will manage a landmark mixed-use urban campus development, maximizing real estate value by developing and executing business plans and providing institutional-quality reporting for strategic decision-making. This role operates in a fast-paced and demanding environment, requiring a self-motivated and independent thinker.
Responsibilities
- Develop and execute strategies to enhance property performance and increase revenues.
- Analyze financial data, including budgets, forecasts, and cash flow projections, to identify opportunities for improvement and cost-saving measures.
- Underwrite and provide credit analysis for lease transactions.
- Maintain, refresh, and reforecast internal ARGUS cash flow projections.
- Prepare comprehensive reports and presentations for the partnership, investors, and senior management, highlighting key performance indicators, financial metrics, and strategic recommendations.
- Support the production of both the annual business plan and budget.
- Monitor market conditions, competitor activities, and industry trends to identify emerging opportunities and threats.
- Update and manage Asset Management property level cashflow and business segment reporting.
- Assist in capital markets initiatives, including managing relationships and communication with lenders.
Requirements
- Minimum of 4 years of progressive experience in real estate asset management, preferably within commercial or institutional settings.
- 2+ years of experience working for an institutional quality Real Estate investor, lending institution, or Real Estate Investment Trust.
- Ability to generate complex reports and synthesize large data sets in Microsoft Excel.
- Knowledge of how to leverage VLOOKUP/HLOOKUP, INDEX & MATCH, SUMIF(S), COUNTIF(S), PMT, XIRR, and XNPV functions in Excel to optimize efficiency of reporting.
- Argus Enterprise experience required; Certification preferred.
- Strong analytical skills and quantitative skills.
- Ability to prioritize workload and operate autonomously.
- Highly organized, motivated, and able to multi-task effectively in a deadline-driven environment while maintaining strict attention to detail.
- Effective presentation and communication skills, both verbal and written.
Skills
- Real estate asset management
- Financial analysis
- Budgeting
- Forecasting
- Cash flow projections
- Lease transaction underwriting
- Credit analysis
- ARGUS Enterprise
- Microsoft Excel
- VLOOKUP/HLOOKUP
- INDEX & MATCH
- SUMIF(S)
- COUNTIF(S)
- PMT
- XIRR
- XNPV
- Analytical skills
- Quantitative skills
- Prioritization
- Autonomy
- Organization
- Motivation
- Multitasking
- Attention to detail
- Presentation skills
- Communication skills
Location
- Brooklyn, NY
Work Type
- Full-time
Experience Level
- Associate
Education Level
- MBA candidates encouraged
About the Company
- The Client is the operating platform for a landmark mixed-use development on Brooklyn’s waterfront in New York City.
- This historic complex has undergone a $400M transformation, evolving into a vibrant hub for creative businesses and a central player in the city's innovation economy.
- The development involves an ambitious multi-phase repositioning to transform historic industrial buildings into a thriving environment for over 500 unique companies.
- The Client is hands-on with all aspects of ownership, including development, management, leasing, and operations.
- The Client is dedicated to driving the development’s ongoing success and ensuring it continues to fulfill its role as a major center of commerce and local employment.
