Asset Management Senior Associate/Associate (Title based on experience)

Report directly to the VP of Asset Management at a growing value-add multifamily investment firm located in the heart of Miami. You will be responsible for assisting in the creation of the business plan and executing defined objectives for multifamily properties the firm owns in Texas and the Southeast of the United States. The role will assist with the acquisition/disposition process and encompass portfolio optimization, property management oversight, management of construction project bidding and completion, financial analysis, accounting and various reporting/communication associated with investment partners and property managers involved in each deal. 

Responsibilities:

• Assist in the management of a rapidly expanding of value-add multifamily assets in Texas and the Sunbelt Region

• Work closely with the VP of Asset Management and the Chief Investment Officer in achieving optimal portfolio occupancy, value creation and operating efficiency

Asset Management duties include:

• Create and oversee short and long-term business plans for newly acquired assets

• Deliver timely and accurate budgets and meet financial reporting needs for investors

• Work with third party property management company to ensure renovation deadlines are managed and met

• Conduct weekly or bi-weekly calls with third party management to track progress of property and determine strategy to optimize performance

• Perform long-term analyses using Excel to project future cash flows and total return

• Handle miscellaneous tasks that relate to the asset such as lender requests, third party reports, working with contractors and vendors to achieve optimal pricing

• Collaborate with other departments such as Accounting and Acquisitions

• Meet weekly with the senior management to recommend and discuss all strategic decision making with assets under management

Qualifications and Desired Skills:

• Bachelor’s degree from a four-year university in real estate, finance, accounting, or related field of study
• 3-5 years of experience with a commercial real estate firm, preferably with a focus on multifamily
• Proficiency in Microsoft Word, Excel, and Outlook required
• Ability to multitask and handle multiple projects at once
• Exceptional verbal and written communication skills
• Strong interpersonal skills and ability to develop and foster industry relationships
• High levels of organization and keen attention to detail
• Working knowledge of real estate valuation and financial modeling, including the ability to create cash flow models from scratch
• Ability to read and interpret property financial statements including income statements, balance sheets, and ledgers
• Ability to travel for site visits and property tours as needed

Compensation and Benefits:

• Competitive annual salary and bonus structure

• Complete healthcare and dental coverage