Associate, Asset Management

LEFRAK ORGANIZATION•New York, NY

5h•$115,000 - $125,000

About The Position

Our organization is a leading shared services property management company overseeing an 18,000+ unit multifamily portfolio across more than 80 properties in New York, New Jersey, and Florida. We are dedicated to providing best-in-class management and administrative support to our select client roster. We maintain a superior team of professionals united by a common commitment to the highest levels of integrity and business ethics in all our dealings. This is an excellent opportunity for an experienced real estate professional to play a key role in residential asset management, providing strategic financial and operational insights while directly impacting portfolio performance. The Associate will serve as a trusted partner to leadership, Property Management, and Accounting teams, contributing to decision-making and process improvement.

Requirements

Bachelor’s Degree from a 4-year college or university (Finance, Real Estate, Accounting, Economics, or related field preferred).
3-5 years of experience in real estate asset management with a solid understanding of property-level financial statements, multifamily experience strongly preferred.
Advanced Excel proficiency, including building and maintaining budgets and financial models, with a command of complex formulas and the ability to turn analysis into clear strategy.
Strong business acumen, analytical mindset, and ability to balance detail with big-picture thinking.
Excellent communication skills—able to influence, present, and partner effectively with stakeholders at every level.
Ability to manage multiple priorities in a fast-paced environment while maintaining a high level of accuracy and attention to detail.
Able to demonstrate a high level of accountability for key responsibilities and quality of deliverables, while maintaining a collaborative, team-oriented approach.

Nice To Haves

Experience with Yardi or similar property management/accounting systems preferred.

Responsibilities

Support the preparation of detailed annual budgets, monthly/quarterly property and portfolio reporting, financial forecasts, capital plans, and variance analyses.
Monitor leasing, pricing, occupancy, operating expenses, and capital expenditures.
Develop and maintain customized financial and operational reports to support corporate initiatives, including revenue optimization, cost management and utility consumption tracking.
Review analyst reports for accuracy. Ensure reports clearly communicate key trends, risks, and opportunities.
Research economic, demographic, and industry trends; benchmark against competitors; and deliver actionable insights that inform portfolio decisions.
Track capital projects and renovations, ensuring alignment with approved scope, timing, and return expectations.
Deliver clear, concise asset reporting to the Asset Manager on key operating metrics, financial performance, and project milestones.
Support system enhancements, process improvements, and special projects as needed.
Mentor and provide guidance to junior analysts as applicable.