Asset Management Associate

Carr Properties; Washington (District of Columbia); On-site; USD 101,700 - 124,300; Full time

Benefits offered by this job

Health, Dental & Vision

401(k) with Immediate Vesting & Matching Contribution

Tuition Assistance

Generous Paid Time Off

Job summary

Carr Properties is seeking an Associate in Asset Management to support the performance and reporting of its portfolio. You're expected to collaborate across departments like leasing, financial reporting, and investment decision-making.

The ideal candidate will have a Bachelor's degree and at least 2 years of experience in commercial asset management. The role offers competitive compensation up to $113,000 along with various benefits including health insurance, 401(k) with matching, and generous paid time off.

Qualifications

• Bachelor's degree required, MBA is a plus.
• 2+ years of experience in commercial asset management or acquisitions.
• Strong financial background with experience in financial management.

Responsibilities

• Support performance and reporting of Carr Properties’ portfolio.
• Collaborate with various teams for timely and accurate outputs.
• Assist in preparation of annual business plans and budgets.

Skills

Commercial real estate asset management

Financial modeling

Strong analytical ability

Excel proficiency

Written and verbal communication

Argus Enterprise

Education

Bachelor’s degree

MBA

Tools

Excel

Argus Enterprise

PowerPoint

Job description

Department: Asset Management

Reports To: Senior Vice President, Portfolio Management

FLSA Status: Exempt

Purpose of Position

The Associate, Asset Management supports the performance, reporting, and strategic execution of Carr Properties’ portfolio of office and multi-family assets. This position works across leasing, financial reporting, budgeting, valuation, and investment decision-making, and is responsible for producing accurate, decision-ready analyses and materials for executive leadership, the Board, Operating Committee, FP&A, and other stakeholders. The role requires strong analytical ability, attention to detail, sound judgment, and the ability to manage recurring deliverables in a deadline-driven environment.

Essential Duties & Responsibilities

• Collaborate with asset management, leasing, accounting, FP&A, property management, construction management, legal, external appraisers, brokers, and senior leadership to ensure timely and accurate outputs.
• Perform lease and deal-level underwriting, including comparison to original underwriting, evaluation of value accretion or dilution, and net effective rent analysis.
• Assist in preparation and strategy development of annual Asset Strategy Reviews (including IRR/NPV hold period analysis).
• Support semi-annual valuation processes by organizing source data, reviewing appraisal models, analyzing value changes, challenging assumptions, and documenting review procedures in accordance with internal control and audit requirements.
• Coordinate lease‑execution workflows by updating trackers and models, calculating broker commissions, and routing supporting documentation through required approval channels.
• Assist in the preparation of annual business plans and budgets by updating lease assumptions, coordinating with internal teams, and reconciling assumptions across systems and reporting materials.
• Monitor portfolio and market activity, including lease rollover exposure, known vacates, market leasing assumptions, and competitive conditions, and incorporate these inputs into reporting and recommendations.
• Assist in preparing quarterly board package, including maintaining and validating key reporting files and models, including occupancy trackers, Argus working models, leasing trackers, commission trackers, and capital spend workbooks.
• Primary departmental liaison with development and implementation of IT initiatives.
• Maintain organized workpapers, analyses, and correspondence to preserve continuity, auditability, and institutional knowledge.
• Identify inconsistencies, surface risks, and escalated issues that may affect valuations, leasing economics, budget assumptions, or executive reporting.

Essential Knowledge & Skills

• Strong understanding of commercial real estate asset management, including leasing economics, valuation methodology, discounted cash flow analysis, budgeting, and portfolio reporting.
• Strong written and verbal communication skills. Basic presentation skills (and a strong aptitude for development in this area) will be critical to advancement.
• Ability to manage multiple priorities and recurring deadlines in a fast‑paced, deadline‑driven environment.
• Strong judgment, problem‑solving ability, and attention to detail.
• Collaborative mindset and ability to work effectively across functions and with internal and external stakeholders.
• Advanced Excel skills, including financial modeling, data organization, tie‑outs, and use of linked workbooks and standardized templates.
• Working proficiency in Argus Enterprise.
• Strong computer skills, including fluid knowledge of PowerPoint.
• Ability to leverage AI tools to increase efficiency and productivity.
• Ability to recognize the needs and concerns of customers and co‑workers.
• Ability to work within set standards and procedures; receive guidance and supervision; follow work rules and safety and security practices.
• Demonstrate high levels of creativity and energy.

Education & Experience

• Bachelor’s degree required, MBA is a plus.
• Strong financial background, preferably with 2+ years of experience in commercial asset management and/or acquisitions of institutional quality office buildings, with experience in property operations, lease documentation, underwriting, due diligence, financial management and reporting.

Benefits/Compensation

Carr Properties is committed to providing our associates with a comprehensive and competitive pay and benefits program. The anticipated total compensation for this role is up to $113,000 based on experience. Our benefits include:

• Health, Dental & Vision
• Short & Long-Term Disability
• Life Insurance
• Flexible Spending Accounts for Health & Transit
• Maternity & Parental Bonding Leave
• Employee Assistance Program
• 401(k) with Immediate Vesting & Matching Contribution
• Tuition Assistance & Professional Development
• Generous Paid Time Off & Holidays
• Employee Referral Bonus

Carr Properties is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or veteran status.