POSITION TITLE:                                         Asset Management Associate

REPORTS TO:                                                Director of Asset Management

SUPERVISES:                                                  No direct reports

HEADQUARTERED:                                      REDICO & American House Corporate office

                                                                          Monday-Friday                                                             

PERSPECTIVE

The Asset Management department is charged with the day-to-day implementation of business plans and programs for properties, considering the objectives and needs of the clients, owners and lenders with a focus on increasing the value of the properties being overseen.  The Asset Management role merges the oversight of operations, accounting, financing, sales and leasing with hands on financial planning and execution to maximize and protect the health and ownership of the real assets of the organization.

The Asset Management Associate position is designed to support the Asset Management team in overseeing a portfolio of properties across all asset types (office, retail, industrial, senior housing). The ideal person is analytical in their thought process and quantitative in their results, yet also, has the interpersonal skills to interface with asset team members, both internal and external, to complete strategic initiatives.

The position is characterized by a high degree of responsibility, problem solving, accountability, technical aptitude and diplomacy.

JOB DESCRIPTION

This position works with the Asset Management team in providing various reporting and analyses that support the Asset Management department’s implementation of business plans and programs for properties, considering the objectives and needs of the clients, owners and lenders with a focus on increasing the value of the properties being overseen. 

Job responsibilities include:

• Collaborate and prepare documents and tools for Annual Business Plans and Operating Budgets.
• Provide/assist with the preparation of partnership presentation reports on existing assets.
• Assist in rental pricing analysis/strategies
• Conduct lease analysis on commercial portfolio for new leases and renewals
• Perform property benchmarking analysis
• Review and analyze property capital improvement plans
• Summarize and abstract loan documents, management agreements, and operating agreements as necessary
• Assist the asset management teams in asset-level business / strategic planning, hold / sell analyses, property valuations and financing / refinancing efforts
• Prepare/assist with financial proformas
• Support Asset Management Team with lender inspection needs; scheduling, document completion, follow up on repair completion and final documentation submission.
• Maintain partner return reporting
• Maintain asset valuation reporting
• Create/assist in creating customized reporting within various software systems used by the organization
• Perform analysis and special projects as assigned
• Develop dashboards and reports
• Support Partner reporting – ad hoc, regular reporting outside of accounting packages
• Support Investment Team in their role of underwriting new acquisitions and developments by providing analytics based on the current portfolio

DESIRED QUALIFICATIONS, SKILLS & EXPERIENCE

• BA or BS in Business Administration, Finance, Accounting, Real Estate or related field
• 2-4 years of professional experience
• Ability to work independently and as part of a team
• Strong verbal and written communication skills
• High proficiency in Excel, Word. Experience with Argus Software a plus
  • Knowledge of data management, financial statements, forecasting and modeling, data analysis
  • Senior housing experience a plus but not required

“At REDICO, our mission is to create and maximize real estate value for our company, our team, our partners, our investors, our customers, and the communities we serve. We’re thrilled to have you join us in that mission”