Asset Management Associate

DLC Management Corp.•Elmsford, NY

1d•$100,000 - $120,000•Hybrid

About The Position

The Asset Management Associate is responsible for developing a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.

Requirements

College degree in business or finance with related real estate experience.
3-6 years of experience with an understanding of retail asset types.
Strong skills in financial analysis and modeling - experience with Argus REQUIRED.
Advanced Excel skills.
Ability to collaborate with all departments to accomplish the team's objectives in a growing portfolio.
Well developed and effective communication and interpersonal skills.
Ability to persuade and influence in order to get all parties’ buy in.
Hands-on and ready to pitch in on whatever is needed.
Service first attitude.
Proactive, energetic with a creative disposition.
Problem solver and resourceful.
High sense of urgency.

Responsibilities

Direct and oversee the work of an Asset Management Analyst.
Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.
Understands loans and debt structure, transactional documents and processes and management agreements.
Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.
Analyze operating budgets, capital plans and reforecasts. Provide variance commentary to original business plan.
Monitor property performance throughout the redevelopment cycle in support of critical capital market events.
Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.
Create, implement, and maintain various reports tracking property operations and performance across all vertical departments.
Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.
Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses. Review Lender covenant calculations for accuracy and input.
Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.
Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.
Prepare materials for partner meetings.
Evaluate and facilitate loan advance or escrow draw requests.
Organize, oversee and review the annual property operating budgets and business plans for portfolio.
Integral team member in rolling up asset and portfolio budget metrics to guide business plan.
Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.