Asset Management Associate

DLC Management Corp.; Village of Elmsford (NY); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

Competitive pay

401K company match

Medical, Dental, and Vision Insurance

Hybrid work model

20+ paid days off annually

13+ paid holidays

Paid parental leave

Mentorship program

Job summary

DLC Management Corp. in the New York area is seeking an Asset Management Associate to develop a deep understanding of assets, leases, loan documents, partnership agreements, and related contracts. This role drives analysis across the portfolio and supports budgeting and capital planning.

You will lead analyses on dispositions, refinancings, valuations, and cash flow forecasting, while coordinating with Joint Venture partners and senior management to optimize asset performance.

Qualifications

• Bachelor’s-level degree in business or finance with real estate experience.
• 3–6 years of retail asset management experience or related field.
• Strong financial modeling and analytical capabilities.

Responsibilities

• Oversee asset management analyses including dispositions, refinancings, valuations, and NPV/NER assessments.
• Lead monthly JV partner calls and ad hoc meetings to discuss performance.
• Review budgets, capital plans, and forecasts; provide variance commentary.
• Prepare cash flow forecasts and determine distributions or capital calls.
• Develop dashboards, models, and reports to monitor assets against budgets.
• Coordinate with multiple departments to secure budget approvals.

Skills

Financial analysis

Excel

Argus

Asset management

Education

College degree in business or finance with related real estate experience

Tools

Excel

Argus

Job description

Why DLC?

DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation. DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate. At DLC, our teammates make all the difference and we offer industry‑leading training and career development to assure your success.

What We Offer:

• Compensation and Benefits:
  
  
  
  • Competitive pay
  
  
  • 401K company match
  
  
  • Medical, Dental, and Vision Insurance
  
  
  
  


• Work-Life Balance:
  
  
  
  • Hybrid work model
  
  
  • 20+ paid days off annually
  
  
  • 13+ paid holidays in addition to PTO
  
  
  • Paid parental leave
  
  
  
  


• Career Development:
  
  
  
  • Industry-leading training and development
  
  
  • Open door policy
  
  
  • Industry trade shows and event access
  
  
  • Mentorship program
  
  
  
  

About the Role:

The Asset Management Associate is responsible for developing a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.

Responsibilities

• Direct and oversee the work of an Asset Management Analyst.


• Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.


• Understands loans and debt structure, transactional documents and processes and management agreements.


• Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.


• Analyze operating budgets, capital plans and reforecasts. Provide variance commentary to original business plan.


• Monitor property performance throughout the redevelopment cycle in support of critical capital market events.


• Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.


• Create, implement, and maintain various reports tracking property operations and performance across all vertical departments.


• Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.


• Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses. Review Lender covenant calculations for accuracy and input.


• Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.


• Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.


• Prepare materials for partner meetings.


• Evaluate and facilitate loan advance or escrow draw requests.


• Organize, oversee and review the annual property operating budgets and business plans for portfolio.


• Integral team member in rolling up asset and portfolio budget metrics to guide business plan.


• Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.

Soft Skills/Behaviors

• Ability to collaborate with all departments to accomplish the team's objectives in a growing portfolio.


• Well developed and effective communication and interpersonal skills.


• Ability to persuade and influence in order to get all parties’ buy in.


• Hands‑on and ready to pitch in on whatever is needed.


• Service first attitude.


• Proactive, energetic with a creative disposition.


• Problem solver and resourceful.


• High sense of urgency.

Technical Skills

• College degree in business or finance with related real estate experience.


• 3-6years of experience with an understanding of retail asset types.


• Strong skills in financial analysis and modeling - experience with Argus REQUIRED.


• Advanced Excel skills.

The expected salary range for this position is between $100,000 and $120,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job‑related skills, internal peer equity, market and business considerations and other factors permitted by law.

About DLC

Founded in 1991, DLC has been one of the nation’s preeminent owners, operators, and managers of shopping centers. Our portfolio includes millions of square feet of attractive retail space and continues to expand as we complete additional acquisitions.