Associate - Asset Management

Hines•Los Angeles, CA

1d•$133,600 - $153,600•Onsite

About The Position

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines. As an Associate - Asset Management with Hines, you will be a critical part of the Asset Management team conducting analyses and taking on asset management responsibilities for an individual asset, with guidance. You will support all new acquisitions and existing assets across office, industrial, retail/mixed-use, and residential product sectors. In addition to working across real estate product types, this role includes exposure to several leaders in Asset Management at Hines.

Requirements

Bachelor’s degree in Business Administration or equivalent from an accredited institution.
Two or more years of experience in the commercial real estate industry with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.
Proficiency with Microsoft Office and Argus valuation software essential.
Provide leadership and mentorship for team development.
Possess the highest degree of integrity.
Effective interpersonal communication (verbal and written) and listening skills.
Analytical problem-solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
Demonstrate prioritization, organization, and time management skills necessary to balance competing deadlines.
Ability to multi-task in a complex high-volume environment and competency to work with all levels of management and personnel on critical projects.
Ability to withstand long working hours, which are frequently necessary.
Ability to handle stressful, high-pressured atmosphere.
Ability to meet highest attendance requirements.
Willingness and ability to walk around project sites under construction to review progress.
Willingness and ability to travel to and from destinations by plane and/or car.
Ability to visually review and interpret correspondence, reports, etc.

Nice To Haves

Proficiency with Entrada, AIRM/Real Page, REBA, RedIQ preferred
Be a risk taker.

Responsibilities

Work with the Leasing and Operations/Property Management teams to support development of short-and-long-term strategies designed to maximize the value and optimize customer satisfaction at each asset.
Review property cash flow models and investment returns.
Perform periodic valuations of each asset in conjunction with Finance; Finance will complete the valuation with Asset Management responsible for authoring the underlying model that reflects current contractual revenues, operating expenses, as well as projections for speculative income and related costs, capital expenditures, market-based growth assumptions, etc. You will be responsible for generating the underlying model with analyst support, as applicable.
Address day-to-day and mid-level issues; communicate high-level issues along with recommended solutions upstream within the Asset Management organization.
Evaluate the asset’s performance against budget, informing Director-Asset Management of variances.
Understand the current value and projected future performance of each asset within the context of investor goals, objectives and benchmarks; develop hold/sell analyses for Asset Management leadership review.
Create periodic property valuation analyses for each asset, coupled with appropriate supporting market analysis.
Work with Leasing and Operations/Property Management functions to develop detailed leasing objectives, operating and financial budgets, project plans, and annual plans, for presentation to Asset Management leadership.
Monitor property operating and financial performance to ensure established goals and objectives are being achieved.
Discuss material variances with Property Management and Accounting functions; determine key drivers creating variances and report same to Director-Asset Management with proposed solutions.
Actively interact with Operations/Property Management to generate best in class concepts to elevate customer experiences at Hines assets.
Supervise execution of capital projects and tenant improvements.
Ensure that partnership and loan document requirements are satisfied.
Assist on-site PM teams across all responsibilities (e.g., leasing, project management) when required.
Review all monthly, quarterly, and annual property reporting required by Owner and Lender, and provide review comments to Director - Asset Management.
Support directors by conducting research on ESG and sustainability best practices; assist in implementation of ESG and sustainability measures and gather data to measure outcomes.
Assist in the review of valuation models (Argus and Excel) and acquisition underwriting models; perform updates on an ongoing basis.
Conduct due diligence and assist in closing new business pursuits.
Work effectively with business generation colleagues and perform optimally under various leadership styles.
Comply with all Hines policies and procedures.
Energize Analyst teammates through approachable leadership and rigorous work ethic.
Develop relationships with and inspire on-site property teams to operate efficiently while prioritizing the needs of investors and customers.
Communicate using clear, fact-based analysis, effective presentations, and excellent interpersonal skills.
Be a great teammate with a focus on the client-centric asset management function.
Demonstrate the ability to manage change at an organizational and strategic level as an effective teammate.
Demonstrate a high degree of integrity and forethought in decision-making, with the ability to act in a transparent and consistent manner, always considering what is best for the investor, customer, team and organization. Balance independence with seeking guidance as appropriate.
Demonstrate the ability to act in the best interest of the company, the investor, and the asset, ensuring alignment of actions with organizational goals and values.
Maintain the approved Americas-wide reporting packages that cover historical, current, and projected operating and financial performance.
Effectively analyze and track portfolio performance and make recommendations for how to grow Net Operating Income (NOI).
Utilize Hines standardized reporting practices to enhance transparency, consistency and accessibility of information.