New York, NY
Salary Estimate: $150,000.00 - $174,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
Responsibilities include financial review and reporting, leasing/revenue analysis and reporting, due diligence with Acquisitions/Investments, budget preparation, and assisting with oversight of third-party property management firms.
Essential Functions
- Review and analyze monthly financial and income statements, prepare benchmarking and/or other analyses related to maximizing revenues and minimizing expenses that lead to strategies to improve asset performance and value.
- Review and work with Regional Asset Managers to ensure the portfolio assets’ are operating at maximum efficiency and executing all profit opportunities, including but not limited to:
- Reviewing leasing and revenue potential for each asset
- Ensuring proactive and accurate management of all enterprise management systems that pertain to Asset Management
- Exploring and executing all value-add opportunities in the portfolio
- Validating all data required for effective leasing management
- Maintaining financial models
- Analyzing for all potential cost savings; tracking implementation of initiatives
- Produce ad-hoc analyses to evaluate the performance of assets and drive decision- making
- Collect market data and conduct benchmarking analysis
- Regularly track and analyze factors affecting markets and submarkets associated with the portfolio, including demographics and changes in supply and demand
- Collect market data and conduct benchmarking analysis
- Produce ad-hoc analyses to evaluate the performance of assets and drive decision- making
- Exploring and executing all value-add opportunities in the portfolio
- Coordinate and support in annual budget and underwriting process
- Prepare regular presentations for Executive Team and outside counterparties such as joint venture partners and 3rd party managers
- Collect market data and develop tools to assist in the determination of strengths, weaknesses, opportunities and threats facing the portfolio
- Analyze financial models to evaluate investment returns on proposed capital projects and acquisitions
- Manage all projects with Asset Management Analysts.
- Assist with asset management of portfolio, including periodic property visits and interfacing with third-party management companies, property/project managers, leasing brokers, and other third-party vendors/resources
- Participate in site visits and market tours to obtain firsthand knowledge of our properties, competition and demand generators
Qualifications
- Minimum 5 years related experience
- BA or BS degree
- Familiarization of industrial operations, and leasing concepts preferred
- Demonstrated aptitude for problem solving and problem identification
- Ability to collect, analyze and interpret operations and leasing performance data
- Must effectively manage and adhere to deadlines
- Proficiency in Yardi or MRI required
- Extensive proficiency in Excel, Word, and PowerPoint required and ability to manipulate data essential
- Extensive understanding of underwriting concepts and methodologies
- Attention to detail required
- Ability to operate in a team environment
- Excellent written and verbal communication skills
- Excellent interpersonal skills and demonstrated professionalism
- Ability to manage multiple tasks
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