Senior Analyst, Asset Management

Role Overview

• Support the Asset Management team in operating and maximizing value in our nationwide retail property portfolio.
• Assist in Annual Operating budgets while building a working understanding of an asset's revenue, operating expenses, taxes, tenant reimbursements, leasing, and debt.
• Own the quarterly production of in-place net operating income & property financial metrics which are used in assessing the asset's investment valuation. This information is reported to management and external parties. Prepare investor-ready asset templates in support of management reporting and fundraising cycles. Ensure any analysis/work product is accurate, thorough, and neat.
• Help asset managers conduct market studies, lease research, and tenant research. Assist in workflow related to lease negotiation and preparation. Review LOI financial terms as part of the leasing milestone approval process, with particular attention to NNN figures and deal economics.
• Project net operating income, debt, and cash flows for measuring returns and understanding loan covenant risks.
• When assets are purchased, participate in setting up and understanding the asset's budget model, overall business plan, and investment strategy.
• Review and approve annual tenant CAM, insurance, and tax reconciliation files in coordination with property accounting, ensuring accuracy and completeness prior to tenant billing distributions.
• Prepare hold/sell summaries for the investment committee.
• Correspond with tenants, and lenders related to leases, financial packages, and loan draws.
• Coordinate with external tax consultants on annual property tax appeal processes, providing requested financial, occupancy, and rent roll data for assigned assets.
• Perform other related duties as assigned.

Requirements

• Bachelor’s degree or its foreign equivalent in business administration, real estate, or a related field, with a specialization in finance or accounting, or another related field.
• Three years (36 months) experience in commercial real estate asset management or equivalent experience in the retail asset class, including the ability to assess the physical condition of a property, its marketability, and its management.
• An understanding of commercial real estate cash flows, equity, debt, drivers of returns, and negotiation processes as well as economic and financial market conditions and the ability to analyze their associated business impact.
• Proficiency in advanced Excel and Argus modeling of financials and in presenting data-based analyses to management.
• Demonstrated ability to assess changing conditions, make recommendations with supporting analysis, problem solve, consider and drive strategic initiatives, lead and make decisions, and manage third-party relationships with attorneys, brokers, tenants, vendors, contractors, consultants, and appraisers.

Benefits

• Fast-paced and dynamic work environment, including frequent interaction with the senior management team
• Generous paid time off policy
• Company sponsored medical, dental and vision insurance
• Company paid life insurance
• Company paid short
• and long-term disability insurance
• Paid parental leave
• 401k plan with Company match
• 11 paid holidays