Asset Management Associate

Cobalt Recruitment; New York (NY); On-site; USD 70,000 - 120,000; Full time

Job summary

Cobalt Recruitment is seeking a Real Estate Asset Management Associate for a growing real estate investment firm in New York. You will work with senior leadership to monitor portfolio performance, enhance property-level operations, and maximize asset value across multifamily and commercial assets.

The role requires 2–5 years in asset management, strong financial analysis skills, and proficiency with Excel and Yardi.

Qualifications

• Bachelor's degree in Finance, Accounting, Real Estate, Business or related field.
• 2–5 years of real estate asset management or related experience.
• Experience with NOI, occupancy, operating expenses, and cash flow analysis.
• Advanced Excel with financial modeling and dashboards.
• Experience with Yardi or similar real estate software.

Responsibilities

• Asset & Portfolio Management: monitor performance and identify NOI/cash flow improvements.
• Financial Analysis & Reporting: review operating statements, budgets and forecasts, explain variances.
• Property Operations & Performance: collaborate with property managers to improve operations.
• Market Research & Pricing: analyze market conditions to support pricing and asset positioning.
• Business Planning & Budgeting: assist with annual budgets and capex planning.
• Stakeholder Management: maintain relationships with managers, operating partners, and investment teams.
• Property Visits: conduct site visits to evaluate conditions and performance.
• Strategic Initiatives: work with acquisitions and development on value-creation strategies.

Skills

Financial analysis

Portfolio management

Excel

Yardi

Communication

Education

Bachelor's degree in Finance, Accounting, Real Estate, Business

Tools

Yardi

Job description

We are partnering with a well-established, growing real estate investment firm seeking a Real Estate Asset Management Associate to join its team. This is an opportunity to work closely with senior leadership and operating partners to drive portfolio performance, improve property-level operations, and maximize asset value.

The ideal candidate will bring experience across multifamily, residential, or other commercial real estate asset classes, with a strong understanding of property operations, financial performance, and market dynamics.

Key Responsibilities

• Asset & Portfolio Management: Monitor property-level performance across a portfolio of real estate assets, identifying opportunities to improve NOI, occupancy, cash flow, and overall asset value.
• Financial Analysis & Reporting: Review operating statements, budgets, forecasts, and financial performance metrics to identify trends, explain variances, and recommend improvements.
• Property Operations & Performance: Partner with property managers and operating teams to evaluate operational efficiencies, address performance challenges, and execute business plans.
• Market Research & Pricing: Analyze market conditions, competitive properties, leasing trends, and demographic data to support pricing strategies and asset positioning.
• Business Planning & Budgeting: Assist with annual budgets, capital expenditure planning, and strategic initiatives focused on maximizing portfolio returns.
• Stakeholder Management: Maintain strong relationships with property managers, operating partners, and internal investment teams to ensure alignment on asset-level objectives.
• Property Visits: Conduct regular site visits to evaluate property conditions, operational performance, and opportunities for improvement.
• Strategic Initiatives: Collaborate with acquisitions, development, and investment teams on repositioning strategies, capital improvements, and other value-creation initiatives.

Qualifications & Experience

• Bachelor's degree in Finance, Accounting, Real Estate, Business, or a related field.
• 2–5 years of experience in real estate asset management, property operations, portfolio management, or a related field.
• Experience across multifamily, residential, hospitality, or commercial real estate preferred.
• Strong understanding of property-level financials, including NOI, occupancy, operating expenses, and cash flow.
• Experience reviewing budgets, financial statements, and property-level performance reports.
• Advanced Excel skills and comfort working with financial models, dashboards, and performance metrics.
• Experience with Yardi or similar real estate software preferred.
• Strong communication and relationship management skills, with the ability to work directly with operating partners and senior leadership.
• Highly analytical, detail-oriented, and comfortable managing multiple priorities in a fast-paced environment.