Analyst, Asset Management - Related Affordable

RELATED; Chicago (IL); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Discretionary bonus incentives

Comprehensive benefits package

Job summary

Related Affordable is seeking an Analyst, Asset Manager to support the AM Team in executing the business plan for a portfolio of affordable multi-family assets in Chicago. The role reports to the Vice President – Asset Management and collaborates with the Portfolio Management Team, with onsite work five days a week at our Chicago office.

The candidate will assist in NOI procurement, reporting, budgeting, inspections, and rent operations while contributing to best practices and process

Qualifications

• BS/BA degree preferred with real estate exposure.
• 1–3 years of relevant commercial real estate experience.
• Proficiency in Excel, Word, and PowerPoint.

Responsibilities

• Manage a portfolio of assets within the portfolio.
• Assist in budgeting and reporting processes, including variance and site inspection reports.
• Support rent operations and leasing activities with property management.

Skills

Strong written and oral communication

Strong organizational skills

Ability to travel to properties

Collaborative with property management

Eagerness to learn and grow

Diplomatic and assertive approach

Education

BS/BA degree preferred

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Responsibilities

The Analyst, Asset Manager will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role will support the Vice President – Asset Management in various tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures; and rent collection, leasing opportunities with property management for each property within the portfolio. The Analyst, Asset Manager will report to the Vice President - Asset Management and work closely with the Portfolio Management Team. This position will be onsite five days a week at our Chicago office.

Core responsibilities may include, but are not limited to the following:

• Asset manage a portfolio of approximately 40 assets
• Work closely with the Portfolio Management Team (NOI procurement) to contribute to standard reporting packages, such as budget variance reports and site inspection reports
• Conduct periodic inspections of all assets in designated portfolio with particular attention to any troubled assets
• Assist in identifying and escalating significant issues to the Vice President - Asset Management and the Portfolio Management Team
• Attend weekly asset management calls to learn and contribute to discussions on best practices
• Participate in regular portfolio management meetings that are relevant to assigned properties
• Contribute to the annual property budgeting process for assigned properties
• Monthly operations review of portfolio and presenting monthly watch list for applicable assets
• Collaborate with the Portfolio Management Team to update property database
• Assist the Portfolio Management Team to maximize Section 8 contract rents for the sub-portfolio
• Support budget-based rent increase requests as needed
• Collaborate with the Portfolio Management to review operations, procedures, and spending to identify opportunities for implementing best practices

Qualifications

• Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group
• BS/BA degree preferred
• Basic knowledge of finance, operations, and accounting principles in commercial real estate, with a willingness to learn; Affordable Housing knowledge is a plus
• Proficiency in Microsoft Excel, Word, and PowerPoint
• Strong written and oral communication skills
• Strong organizational skills with attention to detail
• Demonstrated eagerness to learn, contribute, and grow within the team
• Ability to collaborate effectively with property management and ownership teams
• A diplomatic and assertive approach, coupled with self-motivation
• Curiosity and a willingness to explore new approaches and solutions
• Must have the flexibility to travel to properties

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $80,000 - $90,000

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

Overview

Company Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $100 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.

Divisional Overview

Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock. Affordable housing acquisitions and development have been the foundation of Related since the company was founded. Today, Related Affordable owns and oversees one of the largest affordable housing portfolios in the nation. The company is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country. Learn more about Related Affordable at www.related.com/affordable-housing.

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