Associate Asset Manager

Merus•Cincinnati, OH

8d•Onsite

About The Position

The Associate Asset Manager plays an integral role within the Merus Real Estate Team. The Associate Asset Manager’s primary role is to assist and support the Directors of Asset Management in all aspects of portfolio and asset management, coordination, and supervision of property management, fulfilling reporting requirements and monitoring individual and sub portfolio performance.

Requirements

Possess creativity, independence, initiative, and high levels of integrity.
Proven track record of high performance in prior work.
Strong computer skills with the ability to use Microsoft Excel.
Position to be located in Cincinnati, Ohio.
Ability to travel to other company locations/properties.
1-2 years of experience in real estate finance, asset management or another related financial service field.
College degree in Business Administration, Finance, Economics, Real Estate, or similar.
Experience with one or more property types strongly preferred: office, multifamily, and industrial.
Experienced in investment analysis and financial modeling in Excel.

Nice To Haves

Experienced with real estate market research and relevant data providers (e.g., CoStar, Yardi) a plus

Responsibilities

Assist with the process of transitioning assets from development to asset management, including confirmation that documentation and information is obtained and properly recorded in the asset management system.
Draft Asset Management Agreements and Subcontract Agreements for portfolio of assets.
Liaison with 3rd party Property Managers across portfolio of assets and support the Director of Asset Management from RFP process at initial selection of 3rd party Property Manager, through contract negotiation, onboarding, and ongoing daily asset oversight.
Assist with the startup activities at project turnover from development to Asset Management/Property Management including but not limited to the initial operating budget, utility transfer, assignment of the accounting function, and the setup of property and liability insurance.
Collaborate with internal and external stakeholders to gather necessary data and assist in the creation of annual budgets and detailed financial reports.
Conduct periodic site visits to review the physical condition of the assets in the portfolio.
Evaluate monthly draw requests for construction loan proceeds against the property budget and provide recommendations to Director of Asset Management for approval.
Assist with the preparation of monthly reports that present property performance along with progress on strategic initiatives for management and investors.
Prepare rent rolls, invoices, and CAM reconciliations.
Maintain and update databases relative to tenant contacts, vendor contacts, property information and portfolio information.
Assist with the coordination of new tenant move-ins and move-outs.
Ensure timely rent collection by coordinating with property managers monthly and prepare and distribute comprehensive rent collection reports to internal stakeholders.
Review and approve property-level invoices in Spectrum on a weekly basis to ensure accuracy and compliance with financial guidelines.