Asset Management Associate

Gray Capital; Indianapolis (IN); On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking an Asset Management Associate to optimize its multifamily real estate portfolio. This dynamic role encompasses managing asset performance, spearheading budgeting processes, and collaborating with various stakeholders to achieve investment goals. The ideal candidate will bring strong analytical skills, attention to detail, and effective communication abilities to the table. With a focus on data analysis and strategic support, you will play a crucial role in developing asset-specific strategies and tracking performance against budgets. If you are passionate about real estate and thrive in a collaborative environment, this opportunity is perfect for you.

Qualifications

• 2-4 years of experience in real estate asset management or related roles.
• Strong proficiency in financial modeling and Excel is essential.

Responsibilities

• Manage asset performance and oversee property-level financials.
• Collaborate with stakeholders and prepare performance reports.

Skills

Analytical Skills

Attention to Detail

Effective Communication

Problem-Solving

Financial Modeling

Project Management

Education

Bachelor’s Degree

Associate’s Degree

High School Diploma or GED

Tools

Excel

Property Management Software

Job description

Overview

Gray Capital is looking for an Asset Management Associate. This position is responsible for managing and optimizing Gray Capital’s portfolio of multifamily real estate assets. Key responsibilities include overseeing asset performance, spearheading the budgeting process, and collaborating with internal and external stakeholders to achieve investment objectives. This role requires strong analytical skills, attention to detail, and effective communication.

Key Responsibilities

1. Asset Performance Management
2. Monitor property-level financials, including operating statements, rent rolls, and variance reports, to ensure performance aligns with business plans.
3. Develop and track asset-specific strategies, including business development, capital improvements, and value-add initiatives.
4. Spearhead the annual budgeting process, working with property management to finalize operating and capital budgets.
5. Track performance against budgets, review variance analyses, and recommend actionable strategies for improvement.
6. Stakeholder Collaboration
7. Serve as communication link between property management, lenders, investor servicing, and senior leadership.
8. Prepare and present asset performance reports, budgets, and business plans to investors and other stakeholders.
9. Data Analysis and Strategic Support
10. Conduct market research to identify trends and risks impacting portfolio performance.
11. Build and maintain financial models for forecasting, budgeting, and evaluating capital expenditures.
12. Support acquisition, refinancing, disposition, and rehabilitation efforts with detailed financial and market analyses and due diligence review.

Qualifications

1. Bachelor’s degree preferred. An Associate’s degree, high school diploma or GED from an accredited institution accepted with 1 to 3 years of relevant professional work experience.
2. 2-4 years of experience in real estate asset management, acquisitions, or a related role.
3. Strong proficiency in financial modeling, Excel, and property management software.
4. Excellent communication and interpersonal skills, with the ability to collaborate across teams.
5. Ability to manage multiple projects and stakeholders simultaneously.
6. Problem-solving mindset, with a systematic approach to challenges.
7. Adept at using and learning new software and technologies.

Other Functions

1. Must be willing to travel and visit properties (less than 25%).
2. Other duties as assigned.