Associate

Job Description

The Dermot Company, a New York City-based multifamily real estate company is seeking a full-time Associate to perform acquisition and asset management duties. The position will cover the full real estate investment life cycle, including capital raising, property acquisitions, financings, asset management, property operations, and dispositions. The Associate’s duties will include financial analysis, underwriting, and due diligence, project administration, liaising with property management teams, and investor reporting.

Applicants must have a bachelor’s degree and at least 2-3 years of experience in real estate, investment or finance. This job is located in Midtown Manhattan.

ABOUT US

The Dermot Company, LP is a fully-integrated real estate enterprise with over 30 years of experience, nearly $4 billion in assets and 4,500 units under management. As a diversified firm, we develop, invest in, and manage luxury multi-family buildings in New York City and nationally. Dermot is committed to providing an outstanding residential experience for residents and attractive returns to investors.

ABOUT THIS ROLE

Some of the things you’ll be working on include:

• • Performing complex financial analyses.
  • Underwriting and assessing market opportunities.
  • Preparing and summarizing market and portfolio data.
  • Preparing investment memos and quarterly portfolio performance presentations .
  • Managing existing assets and operating performance.
  • Managing due diligence process on new investment opportunities.
  • Evaluating and implementing property technology solutions.
  • Analyzing leasing trends and performance metrics.
  • Playing a key role in property budgeting process.
  • Participating in creating portfolio wide processes and procedures related to property management, sustainability and corporate initiatives.
  • Providing operational and analytical support to property management, marketing, and leasing agent personnel based upon the strategic plan with respect to each property.

Location and other requirements

• This is an onsite position in Manhattan, New York.
• This position requires regular collaboration with others using technology and other communication tools in person and virtually.
• Some travel will be required.

ABOUT YOU

Your professional track record, knowledge and skills include:

• Bachelor’s degree
• 2-3 years of experience in real estate or finance
• A strong work ethic and highly motivated
• Strong quantitative and analytical skills
• Exceptional interpersonal and communication skills
• Advanced Excel skills
• Project planning and self-management skills
• Highly organized and detail oriented with the ability to work independently balancing multiple projects
• Must be able to work for any employer in the US without any restrictions

ABOUT OUR CULTURE, SALARY & BENEFITS

The Dermot Company team is composed of talented individuals who are excited to take on new challenges and have fun contributing to the growth of a dynamic company. We foster a team-oriented business approach and believe in providing career growth opportunities to our team members whenever possible. As a developer/owner/manager of large multi-family properties, we believe our team is our biggest asset!

Our compensation and benefits package include a competitive salary, commensurate with experience with bonus potential, comprehensive benefits including medical, dental and vision, paid time off, retirement with match when eligible and a flexible hybrid environment. The annualized gross base range for this position is $100,000-120,000. The actual compensation within the range will be based on factors unique to each candidate including years and depth of experience.

Dermot strives for an environment where everyone feels welcome and safe. We actively work to offer equitable opportunities for all and look for the right balance of potential, skills, kindness and curiosity. Dermot does not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, or veteran status. We celebrate authenticity and we encourage you to apply if you would like to be considered for this role.