Analyst

KRE Group; Jersey City (NJ); On-site; USD 90,000 - 125,000; Full time

Job summary

Join a forward-thinking real estate investment company as an Analyst, where you'll enhance property performance through data analysis and reporting. This role involves collaborating with various teams to standardize business intelligence platforms and optimize property management operations. You will oversee budgeting processes, prepare variance reports, and ensure compliance with financial metrics. This is an exciting opportunity to make a significant impact in a dynamic environment, contributing to the growth of a diverse portfolio in real estate management.

Benefits

Generous PTO policy

Paid company holidays

401k + company match

Medical, dental, and vision plans

Life insurance program

Qualifications

• 2 years of relevant experience in an analyst or asset manager role.
• Advanced Excel skills for modeling and troubleshooting.

Responsibilities

• Lead budgeting, reporting, and financial analysis for the Residential Gardens Portfolio.
• Create customized reports to monitor key metrics during property lease-ups.

Skills

Microsoft Excel

Financial Analysis

Data Presentation

Budgeting

Education

Bachelor’s degree in finance

Business-related field

Tools

Yardi

Microsoft Office Suite

Job description

Founded in 1979 and headquartered in Jersey City, NJ, KRE Group is a full-service real estate investment and management company with properties in New York, New Jersey, and Pennsylvania. The KRE multi-family portfolio exceeds 9,000 existing apartments, with an additional 7,000 in various stages of approval and construction. The company also owns and manages more than 6,000,000 square feet of office, warehouse, and retail space. For more information, visit the company’s website at www.thekregroup.com.

Position Overview

The Analyst will lead the budgeting, reporting, and financial analysis functions within the Residential Gardens Portfolio. This role will focus on enhancing property performance through leveraging and presenting distilled data from multiple outlets. The Analyst will collaborate with colleagues in the Urban Portfolio and play a pivotal role in standardizing key business intelligence platforms across the KRE Residential Universe. Reporting to the Director of Property Management, the Analyst will also be called upon to complete special assignments relating to optimizing property management operations and working with key counterparties like lenders, insurance companies, and service providers to meet departmental objectives and goals.

Responsibilities

• Leasing Operations
• Ongoing review of market rents to evaluate if rents and concessions need to be updated
• Ongoing surveillance of competitive sets, including maintenance and optimization of proprietary dashboards
• Audit lease charge postings, move-in/move-out activity, and renewals in Yardi to assure accuracy and completeness
• Create and manage customized reports to monitor key metrics during new property lease-ups, culling data from multiple sources
• Interface with revenue management providers in optimizing algorithms to maximize leasing goal and evaluate new functionality for implementation

Budgeting

• Oversee complete budget drafting cycle for of all annual operating budgets
• Assure timely deliveries of budgets and leverage internal resources to gather key information needed for the budgets
• Present key budget metrics and comparisons to ownership and partners
• Maintain and improve existing proprietary budget books and evaluate alternative platforms to build annual operating and capital budgets
• Migrate budgets to property management software and create external budget presentations for partners
• Develop 5-Year and 10-Year capital schedules and deferred maintenance schedules for all properties

Reporting

• Prepare budget variance reports and comments on property income statements
• Complete lender and internal draw documentation and related partner reporting
• Assemble and create recurring reports to partners on asset performance
• Develop and produce detailed bid leveling reports when capital projects are being pursued
• Assist in responding to partner question inquiries on reports and field additional partner requests for ad hoc reports
• Assist in preparing reports to lenders and insurers for annual inspections
• Develop models to evaluate leasing versus purchasing of major equipment
• Prepare ad hoc analyses as assigned to understand specific operating expense areas and compare them to both internal and external comps
• Review monthly and quarterly financial statements for necessary accruals or expense reclass
• Surveil the monthly income statements for compliance with budgets and performance for properties with little or no reporting requirements

Skills and Qualifications

• Bachelor’s degree in finance, or business-related field
• 2 years of relevant experience in an analyst or asset manager
• Advanced Microsoft Excel skills (ability to build models and troubleshoot sheets)
• Working knowledge of Microsoft Office Suite (PowerPoint, Word, Outlook)
• Experience with Yardi is desirable, but not required

Additional Information

• Time Away
• Generous PTO policy
• Paid company holidays
• 401k + company match
• Medical, dental, and vision plans
• Life insurance program

The KRE Group conducts background checks and MVR checks (if applicable) as a condition of employment. This is an exciting opportunity for a dynamic and forward-thinking Analyst to join KRE and make a significant impact on the company’s growing portfolio.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Analyst

Referrals increase your chances of interviewing at KRE Group by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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