New York, NY
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Job Description
RXR is one of the New York Tri-State’s Leading Real Estate Companies RXR Realty is a New York real estate operating company. With a significant presence in the NY region, the Company has established a franchise uniquely positioned to provide the highest quality real estate and premier services. The Company’s infrastructure, depth of management and financial strength ensure a significant competitive advantage across its markets, defining its position as the leading real estate owner, manager and developer in the Tri-State New York area.
RXR is currently looking for an Asset Manager.
RXR Realty currently has an outstanding career opportunity for an Asset Manager to join its team. The Asset Manager would be responsible for the development, analysis, and interpretation of financial and accounting data to evaluate operating results in terms of profitability, performance, and business plans as well as other matters bearing on the fiscal soundness and operational efficiency of the assets. This position entails a focus on the long-term strategic real estate financial planning and performance monitoring of individual assets and portfolios. The Asset Manager will report to the EVP – Head of Asset Management & Special Situations and is based in New York City.
Responsibilities:
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Business Plan/Budget/Reforecast - Preparation & Presentation (Internal & External)
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Prepare, Assemble, and distribute various Annual, Quarterly and Monthly Reports
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Lease analysis and financial modeling
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Loan compliance and JV compliance
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Accounts Receivable and collections
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Revenue and expense variance reporting
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Quarterly asset management reports
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Prepare, maintain and manage cash flow models for property and/or portfolio
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Evaluate and recommend value enhancement opportunities (e.g. development, redevelopment, repositioning, etc.)
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Stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market
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Interface and communicate with outside parties, partners, investors, lenders
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Risk mitigation through identification of unexpected trends.
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Management and execution of portfolio or property level loan draws and required partner draws.
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Asset Integration – Participation in the closing process and assist with the transitioning of new acquisitions into the RXR portfolio and systems, interacting with other departments.
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Investments & Strategic Initiatives - participate during the due diligence phase of the acquisition process and analysis, assist in the coordination of recapitalizations, debt refinancing, restructurings and asset dispositions.
REQUIREMENTS:
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Bachelor’s Degree in finance, real estate, accounting, or related field
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A minimum of 5 to 8 years of prior Asset Management experience required
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Understanding of real estate fundamentals, financing principles, and capital structures
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Proficient in Word, Excel, PowerPoint, and ARGUS required
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Yardi and Kardin experience a plus but not required
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Effective oral and written communication skills
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Outstanding quantitative and analytical skills
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Ability to work both independently and as a team member
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Ability to multi-task effectively
RXR Realty is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law
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