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Asset Management Analyst

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Los Angeles
 CA
Postal Code
90067
Country
United States

This job is no longer active.

Description


Position Summary:

Provides support to the Asset Management team in the oversight of the firm’s multifamily portfolio. Responsible for preparing weekly, monthly and quarterly reporting, investor reporting, portfolio analytics, market research, document requests and other financial modeling to support all asset management functions. Interacts extensively with the property management, accounting, finance, acquisition, construction management and development teams.

 

Primary/Essential Responsibilities and Duties:

  • Manage and develop weekly, monthly, and quarterly tracking systems including but not limited to extracting and aggregating portfolio data; preparing summary spreadsheets, creating graphs and tables; evaluating performance metrics; highlighting notable issues and trends; and developing meaningful and insightful commentary to explain variances or focused successes.
  • Prepare materials for monthly and quarterly financial reviews and utilize data to assist the asset managers to identify any operational or performance concerns.
  • Assist with preparation of comprehensive business plans for new acquisitions in partnership with asset management, construction management and property management teams.
  • Accountable for accurate data reporting obtained from the Business Intelligence Tool and manage actionable items required with the team.
  • Utilize and improve portfolio performance tracking tools and metrics to attain actionable insights and collaborate with internal and external stakeholders to drive measurable results.
  • Assist with internal and third-party document requests including but not limited to financials, permits/city docs, C of O’s, amendments, and historical files.
  • Fulfill vendor requests as related to property specific information.
  • Support asset management team in preparation for periodic performance reviews: generate reporting packages, presentations, agendas and supporting analyses.
  • Conduct preliminary review of draw requests submitted by property management.
  • Assist in routing documents to be signed off on internally including double checking the owning LLC’s, signature blocks, etc.
  • Assist in development of annual budget on a property-by-property basis, including revenue assumptions and expense analysis
  • Contribute to the firm's due diligence efforts on potential investments and asset dispositions.
  • Work closely with accounting teams to manage property taxes by providing property/financial information to tax consultants and review tax valuations; ensure tax invoices are approved and provided to management for timely payment
  • Monitor and track insurance claims and coordinate with management to provide necessary documentation to the appropriate recipients and stored per best practices.
  • Create financial models benchmarking historic/current/future NOI, distribution, and cash flow across portfolio to ensure maximum performance and monitor each asset by growth.
  • Prepare and review monthly market trends report on industry data impacting the multifamily sector including employment, wage and job growth; new supply; rent and occupancy trends; and lease trade out data. Prepare summary tables, graphs, and commentary for management reporting.
  • Responsible for managing multiple reporting deadlines with aggressive timelines.
  • Vigilantly and proactively contribute to a process improvement initiative. Develop processes that save time while maintaining the highest quality standards, design data rich and aesthetically pleasing financial reports, leverage internal and external resources to efficiently achieve goals.
  • Form effective working relationships and networks with internal and external audience and other service providers.
  • Other duties, as assigned.

Competencies:

  • Strong understanding of financial systems and models with solid analytical acumen.
  • Detailed understanding of all stages of a project lifecycle.
  • Proactively communicates with clarity and focus to ensure delivery has the appropriate impact while actively listening to others.
  • Strong written and verbal communication skills.
  • Ability to work independently while being a team contributor.
  • Strong work ethic, with commitment to thrive in a dynamic and demanding work environment.
  • Highly developed interpersonal skills and abilities, demonstrating confidence in building and effectively maintaining positive relationships.
  • Ability to independently prioritize multiple tasks and meet changing priorities and deadlines.
  • Desire to learn and continued self-improvement, motivated by desire to achieve excellence.

 

Skills and Experience

  • College degree or equivalent experience, preferred business or finance focus.
  • Minimum 1 year real estate or multifamily asset management experience.
  • Exceptional technical data skills beyond MS Office, specifically advanced Excel experience and additional real estate applications a plus.
  • Strong visual presentation skills in PowerPoint, InDesign, or other software.
  • Demonstrated ability to identify critical information with an ability to quickly research and collect pertinent information, integrate essential information, and use information to define and test options and alternatives.
  • Excellent analytical reasoning to identify and resolve issues.
  • Insightful and creative skill in reasoning and logic and quantitative analysis. Utilize problem-solving skills to analyze investments on a risk-adjusted basis.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

 

Physical Requirements and Working Conditions:

  • Works in an office environment, frequently sits for long periods of time
  • May require occasional standing, walking, lifting, stooping, or bending

 

EQUAL OPPORTUNITY EMPLOYER

Cityview is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, age, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.

 

About Cityview ():

Founded in 2003, Cityview is a premier real estate investment management and development firm specializing in commercial and institutional real estate with projects across the Western US. Cityview is vertically integrated and has in-house expertise in acquisition, entitlement, development, construction management, asset management and property management. Cityview has over $2.3 billion assets under management and has invested in 120 projects exceeding $5 billion in total market capitalization with a broad investor base that includes pension funds, insurance companies, hedge funds and high net worth investors.

 

With over 18 years' experience, the team has vast expertise acquiring, developing, repositioning, operating and disposing of properties across the risk spectrum and product type. Cityview is active across a number of key Western US markets and was recently named the #1 multifamily developer in Los Angeles by the Los Angeles Business Journal for the second year in a row.

 

Job Sector


 

Experience


1+ to 2 years


This job is no longer active.

Asset / Portfolio Management Residential Los Angeles Full Time CA Asset Management, Financial Analysis, Portfolio Management Asset Management Analyst other