Asset Management Analyst

Weston Associates Inc.•Warrensville Heights, OH

3h•Onsite

About The Position

The Asset Management Analyst is responsible for supporting the core roles of each of its members and the overall mission of the department. This role will prepare lease analysis tools, loan compliance packages, budget review for assets currently managed by the department, and a variety of ad hoc projects necessary to help support the growth in value of the Weston owned portfolio. The primary focus of the Asset Management Department is to enhance the long-term value of real estate properties through a combination of strategies targeting revenue growth, operating expense control, capital deployment, debt management, and risk management.

Requirements

Must be able to convey information and experience to anticipate future needs.
Must be inquisitive, a great listener and self-reliant.
Ability to be effective in handling problems in the workplace; including anticipating, preventing, identifying and solving problems as necessary.
Ability to assimilate complex information, data, etc., from disparate sources and consider, adjust or modify to meet the need.
Must be able to work with and understand financial information and data.
Ability to work as part of a team as well as internal/external stakeholders.
Excellent organizational skills, problem-solving skills and the ability to process work quickly, accurately and with changing priorities.
Bachelor’s degree in business, Finance or equivalent; or three years related experience and/or training; or equivalent combination of education or experience required
Previous experience with MRI software
Previous experience with analyzing and communicating key financial information and investment recommendations
Advanced knowledge of Microsoft Excel, and the ability to learn specialized real estate software
Knowledge of real estate valuation methodologies including internal rates of return (IRR) and discounted cash flow analysis, cash on cash returns and break-even analysis
Understanding of income/expense statements, balance sheets, and cash flow statements
Previous experience analyzing and interpreting complex term sheets, loan documents, partnership agreements, and legal documents

Nice To Haves

experience with Argus is preferred

Responsibilities

Perform analysis on NOI compared to budget and prior years
Support efforts to maintain REO schedule
Support efforts to complete “lookback” on properties acquired (IRR calculations, narratives, cash on cash returns, etc.)
Prepare Capital calls
Maintain NAV / GAV schedules for AM properties
Help prepare the Investor Relations Exec Summary packages
Work with accounting in Investor Distributions
Provide detailed budget reviews during budget process
Perform ad hoc analysis as needed
Maintain leasing activity tracker weekly
Review ongoing lease(s) – gain better understanding of lease structure and language
Perform analysis on LOIs (NER), track against budget, and provide recommendations on approach
Provide research and reporting on various markets where we have properties
Participate and prepare for 3rd party, in-house and partner calls
Support efforts in reviewing capital, leasing, and property management requests
Review and tie out 3rd party fee calculations
Review and summarize monthly and annual reporting packages
Review CAM calculations provided by the Service Provider
Prepare financial packages for loan agreements (i.e. quarterly reporting, DSCR calculations)
Prepare major lease approval drafts for lender consideration
Prepare a loan agreement calendar with all important dates for reporting, compliance deliverables, etc., of asset management loans
Prepare Cap Ex reimbursements
Perform debt calculations (DSCR)