Associate, Asset Management

Related•New York, NY

18h•$110,000 - $145,000•Onsite

About The Position

This position supports the asset management function overseeing a portfolio of New York City luxury residential properties. Reporting to the Senior Vice President of Asset Management, the Associate will play a hands-on role in monitoring asset performance, maintaining financial models, and supporting strategic initiatives across the portfolio. The ideal candidate brings strong analytical capabilities, a detail-oriented work ethic, and a genuine interest in building a foundation in institutional real estate. For the right candidate, particularly those with demonstrated aptitude or an existing familiarity with the portfolio, this role may be structured at the Senior Associate level. Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side. Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com. We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards. For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy.

Requirements

3 to 5 years of relevant experience in real estate, with exposure to asset management, acquisitions, finance, or a related discipline.
Working knowledge of the New York City real estate market, ideally including luxury residential or institutional multifamily.
Strong financial modeling skills with proficiency in Excel; familiarity with Argus is a plus.
A detail-oriented, analytical approach and demonstrated ability to manage multiple workstreams with accuracy and consistency.
Clear written and verbal communication skills, including the ability to synthesize financial information for varied audiences.
A proactive, ownership-oriented mindset with the initiative to identify issues and surface solutions.
Ability to collaborate effectively across internal teams including Finance, Development, and Property Management.
Bachelor’s degree required; coursework or concentration in real estate, finance, economics, or a related field preferred.

Responsibilities

Develop and maintain annual asset strategies in coordination with the budgeting process, ensuring alignment with portfolio objectives.
Track asset performance against budget and strategy; flag variances and support corrective action as needed.
Review monthly variance reports and provide constructive, well-reasoned feedback to property management.
Maintain asset management models for assigned properties, ensuring accuracy and currency of financial projections.
Generate performance reports incorporating 12 months of actuals and rolling reforecasts for any asset identified as at risk.
Monitor loan covenants, escrow balances, and reserve requirements to ensure ongoing compliance.
Track and understand real estate tax assessments and insurance obligations across the portfolio.
Collaborate with property management to develop five-year accretive capital plans for each assigned asset.
Conduct return analysis on accretive capital projects in partnership with property management teams.
Monitor active capital projects, tracking progress against budget and assessing timing of cash flow impact.
Draft investor and lender reporting in response to inquiries regarding asset performance and financial position.
Maintain ongoing awareness of market conditions, emerging trends, and the competitive landscape within NYC luxury residential.
Support refinancing processes, disposition analyses, and asset repositioning initiatives as directed.