Philadelphia, PA
Salary Estimate: $125,000.00 - $149,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Springer Capital, LLC (“Springer”) is seeking a Senior Analyst / Associate to join its Asset Management team. Springer is a pro-active real estate private equity firm focused on the opportunistic acquisition of multifamily properties across the Southeast. This position will work closely with the Asset Management and Investment teams to maintain and grow the portfolio, currently consisting of 7,000+ units.
RESPONSIBILITIES:
- Review and analyze property level financial reporting vs. budget, including cash flow and expense analysis, risk factors, operational efficiencies, and re-forecasting.
- Coordinate and prepare and present monthly financial reporting to internal investment team.
- Track and execute property-specific capital projects and business plans with third-party property management teams.
- Identify and implement income generating and cost reducing strategies.
- Coordinate annual budgeting process between Springer and third-party property management, including Capex visits across the portfolio.
- Oversee third-party property management with budget overage requests and related property vendors, ensuring performance and expenses are consistent with annual budget assumptions.
- Maintain and update master data file to track relevant operating and capital expenses across all the portfolio to identify market and property specific cost saving opportunities.
- Review, approve and help negotiate contracts with vendors and service providers.
- Aggregate and summarize performance of each property across the portfolio for quarterly investor reporting.
- Perform frequent asset management site visits to properties.
QUALIFICATIONS:
- Minimum of 2-4 years of progressive, relevant experience in commercial real estate asset management or acquisitions. Institutional real estate experience preferred, not required.
- Understanding of the macro and micro drivers of real estate values to monitor portfolio investments.
- Strong financial modeling skills, and proven analytical abilities in real estate
- Expert in Microsoft Excel and PowerPoint
- Ability to work autonomously, be proactive, multi-task and work in a lean group
- Strong work ethic, integrity, and ability to thrive in an unstructured environment
- Excellent interpersonal, verbal, and written communication skills
- Committed to delivery of highest quality work product and attention to detail
- Ability to work under tight deadlines, effectively prioritize and handle multiple tasks
START DATE: Immediate
LOCATION: Philadelphia, PA (In-Person)
COMPENSATION: Competitive base salary and discretionary bonus commensurate with candidate's work experience
Related Jobs
Boston, MA
Post Date: 01/13/2025
Expires: 02/27/2025
You have successfully applied for this role!
You can view the status of your application from your dashboard.
