ResponsibilitiesThe Analyst, Asset Manager will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role will support the Vice President - Asset Management in various tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures; and rent collection, leasing opportunities with property management for each property within the portfolio. The Analyst, Asset Manager will report to the Vice President - Asset Management and work closely with the Portfolio Management Team. This position will be onsite five days a week at our Dallas office.
Core responsibilities may include, but are not limited to the following:
- Asset manage a portfolio of approximately 40 assets
- Work closely with the Portfolio Management Team (NOI procurement) to contribute to standard reporting packages, such as budget variance reports and site inspection reports
- Conduct periodic inspections of all assets in designated portfolio with particular attention to any troubled assets
- Assist in identifying and escalating significant issues to the Vice President - Asset Management and the Portfolio Management Team
- Attend weekly asset management calls to learn and contribute to discussions on best practices
- Participate in regular portfolio management meetings that are relevant to assigned properties
- Contribute to the annual property budgeting process for assigned properties
- Monthly operations review of portfolio and presenting monthly watch list for applicable assets
- Collaborate with the Portfolio Management Team to update property database
- Assist the Portfolio Management Team to maximize Section 8 contract rents for the sub-portfolio
- Support budget-based rent increase requests as needed
- Collaborate with the Portfolio Management to review operations, procedures, and spending to identify opportunities for implementing best practices
Qualifications- Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group
- BS/BA degree preferred
- Basic knowledge of finance, operations, and accounting principles in commercial real estate, with a willingness to learn; Affordable Housing knowledge is a plus
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Strong written and oral communication skills
- Strong organizational skills with attention to detail
- Demonstrated eagerness to learn, contribute, and grow within the team
- Ability to collaborate effectively with property management and ownership teams
- A diplomatic and assertive approach, coupled with self-motivation
- Curiosity and a willingness to explore new approaches and solutions
- Must have the flexibility to travel to properties
CompensationThe anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.
Anticipated base salary range: $80,000 - $90,000
Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.
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