Asset Management Associate

Eagle Rock Properties•New York, NY

2d•$125,000 - $165,000

About The Position

Asset management function within Eagle Rock serves as the liaison between the investment management and property management sides of the business, responsible for financial performance tracking, implementation of investment-specific strategic initiatives and goals, and identification of value opportunities. The Associate role is focused on direct property oversight and leading the execution of asset-level business plans, in partnership with property management and internal stakeholders.

Requirements

BA/BS degree and 4 to 7 years of relevant real estate, asset management, development, or acquisition experience.
Advanced Microsoft Excel skills required.
Strong Microsoft PowerPoint skills.
An analytical background, looking to apply their analytic skills often through problem-solving and financial analysis.
Strong entrepreneurial spirit looking to solve new problems and pioneer new processes within a growing business.
Ideal candidate is a self-motivated, resourceful team player who works autonomously and asks for support when needed.
Strong project management skills, including the ability to manage workload, prioritize competing deadlines, and communicate expectations to both internal customers and external third-party vendors.
Demonstrated team leadership skills, including the ability to lead cross-functional teams, mentor and develop others, and provide effective supervision when applicable.
Strong organizational, collaboration, and communication skills with a strong work ethic.

Responsibilities

Lead asset-level performance reviews, identify operational issues, and drive implementation of corrective actions with property management.
Own property-level reporting and KPI tracking to support internal decision-making and investor reporting.
Evaluate value-add opportunities and execute asset business plan initiatives, including market research, revenue enhancement, and expense optimization.
Manage periodic updates to property-level financial models, forecasts, and cash flow projections; support distribution and waterfall calculations as needed.
Lead the annual budget and reforecast process for assigned assets in coordination with property management.
Oversee capital expenditures (CapEx) for assigned assets, including budget, scope, timeline, vendor coordination, and project tracking.
Lead onboarding of new acquisitions from closing through stabilization, including coordination of property management transition, initial reporting, and business plan kickoff.
Drive implementation of property business plans, including operational initiatives and revenue management strategies.
Conduct regular site visits and to review personnel performance and property condition.
Lead execution support for refinancings and dispositions, including lender/buyer diligence, data room coordination, and internal/external deliverables.