Job Description

ASSET MANAGEMENT ASSOCIATE (SENIOR ASSOCIATE)

The Associate (or Senior Associate) position is an excellent opportunity for a talented individual with commercial real estate experience to join Elion‘s Asset Management team and be involved in all aspects related to the management of a growing portfolio of predominantly industrial and logistics properties in major markets such as South Florida, New York, New Jersey, San Diego, Seattle, San Francisco, Chicago, and DC.

About Elion Partners

Elion Partners (“Elion”) is a vertically integrated real estate investment management firm primarily focused on the industrial logistics sector. Founded in 2010 and headquartered in Miami, Florida, Elion acts as both a fiduciary and operator. The firm is led by a well-diversified, dedicated team with experience in investing, asset management and real estate operations. Over the past 10 years, Elion has managed $2 billion in gross real estate assets across its investment platform, including two fully cycled closed-end real estate funds, and has invested in more than 140 properties. Elion is a meritocracy, fostering an entrepreneurial culture focused on collaboration, inclusion, and social responsibility to deliver on our commitment to investment excellence and service to our capital partners.

The firm is 100% minority-owned and the team is more than 65% diverse. The firm was also recognized as a Best Places to Work in Money Management by Pensions & Investments in 2020. Candidates with a team-driven approach who possess a commitment to diversity, equity and inclusion will be well-aligned with Elion’s goals.

Essential Duties / Responsibilities:

This role reports to the Director of Asset Management supporting all general asset management duties including but not limited to:

Coordinate the development, review, and approval of annual operating budgets and reforecasts, as needed, with third parties and internal partners
Prepare historic and ongoing analyses of assets’ financial performance in comparison with peers and industry benchmarks
Monitor asset-level cash flows on an ongoing basis and analyze performance relative to budgeted targets
Assist fund accounting team in preparing fund-level sources and uses materials for discussion with upper management
Work closely with property controllers to ensure consistency and accuracy in property-level financial reporting
Assist acquisitions team in due diligence related to property acquisitions and dispositions
Track and monitor loan covenants
Work with existing lenders to obtain approvals for any new leases or modifications, and coordinate release of escrows
Provide lenders with all financial reporting requirements and compliance certificates (if applicable) as needed per loan documents
Assist other divisions such as Acquisitions, Development, Investor Relations, Capital Markets, Finance with ad-hoc requests as needed
Establish and maintain systems and controls that verify the integrity of all systems, processes and data, and enhance the company's value
Identify technology needs and assist with implementation
Assist with special projects and internal ad-hoc requests as required

Desired Skills and Experience:

Bachelor’s Degree from an accredited four-year college or equivalent in general business, real estate, finance, accounting, economics or related field
2-5 years of work experience in commercial real estate
Working knowledge of real estate valuation and financial modeling
Ability to read and interpret basic property financial statements including income statements, balance sheets, and general ledgers
Ability to understand and interpret legal documents such as commercial leases, purchase and sale agreements and loan documents
A critical thinker with strong financial and analytical skills
Savvy with technology and advanced proficiency with MS-Office products; working knowledge of Excel a must
Excellent verbal and written communication skills
Occasional travel required
Ability to multi-task and prioritize workload effectively
Detail and deadline oriented
Conscientious about timeliness of assignments and quality of work product
Ability to work in a cooperative team spirit to actively contribute to the betterment of the company
Elion has an internal methodology encompassed in The Elion Way ("TEW") that drives every interaction, transaction or initiative. TEW is rooted in Elion's corporate culture built on ethics, trust and transparency; candidate should possess similar values