Asset Management Associate - Property Management
Endeavor Real Estate Group · Austin, TX, US
23 days agoImpress employers and recruiters.
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Responsibilities
- Support development and execution of annual and long-term asset business plans, incorporating budgets, underwriting, leasing strategies, capital plans and investment objectives.
- Monitor financial, operational and leasing performance against business plans and underwriting; identify trends, risks and opportunities and develop recommendations for senior leadership.
- Analyze property financial statements, cash flows, operating budgets and key performance indicators, investigating material variances and anticipated funding needs.
- Develop and maintain asset-level financial models, cash-flow forecasts and portfolio reporting to support informed investment decisions.
- Monitor leasing activity, expirations, rollover exposure and tenant retention opportunities; assist in evaluating significant lease proposals, letters of intent and lease documents.
- Develop and maintain short- and long-term capital plans, incorporating building-system lifecycle requirements, deferred maintenance and asset investment objectives.
- Evaluate proposed capital expenditures and value-enhancement initiatives, including financial impact, timing and alignment with asset strategies.
- Monitor significant capital projects, budgets and forecasts in coordination with Property Management, Engineering and Construction.
- Collaborate with Property Management, Leasing, Construction and Accounting to advance approved asset strategies and key initiatives.
- Evaluate significant operational issues, property expenditures and opportunities to improve NOI, occupancy, tenant retention and asset value.
- Conduct periodic property visits to assess building condition, tenant experience and competitive positioning.
- Support acquisition underwriting, due diligence, refinancing, hold/sell evaluations and dispositions.
- Assist with lender and investor reporting, transaction documentation and property onboarding following acquisitions or management transitions.
- Track significant portfolio events, including lease expirations, capital expenditures, debt maturities and other key obligations.
- Prepare financial analyses, presentations and supporting materials for ownership meetings and investment discussions.
- Coordinate with internal teams and outside advisors on significant legal, insurance and asset-related risks.
- Support improvements to asset management processes, reporting and analytical tools.
Requirements
- Bachelor's degree in Real Estate, Finance, Accounting, Economics, Business or a related field preferred; bachelor's degree required (though significant experience may substitute).
- Approximately 3–5 years of relevant commercial real estate experience in asset management, property management, acquisitions, investment analysis, commercial finance or a related discipline.
- Strong Excel skills and demonstrated financial analysis capabilities, including experience with financial statements, budgeting and property-level cash flows.
- Commercial office experience preferred, including familiarity with lease structures, property operations and building systems.
- Experience with Yardi or comparable commercial real estate software preferred.
- Strong analytical thinking, attention to detail and ability to translate financial and operational information into actionable recommendations.
- Excellent communication, organization and collaboration skills, with the ability to manage competing priorities and work effectively across teams.
- Intellectual curiosity, accountability and a desire to develop broader commercial real estate investment and asset management expertise.
Skills
- Excel
- Financial analysis
- Financial statements
- Budgeting
- Property-level cash flows
- Lease structures
- Property operations
- Building systems
- Yardi
- Commercial real estate software
- Analytical thinking
- Attention to detail
- Communication
- Organization
- Collaboration
Experience Level
- 3-5 years
Education Level
- Bachelor's degree