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Asset Management Associate - In-Person Position (Pacific Palisades)
Bighornlaw
Santa Monica (CA)
On-site
USD 85,000 - 105,000
Full time
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Job summary
A leading investment firm is seeking a motivated Asset Management Associate in Pacific Palisades, CA. The role involves managing real estate assets, supporting various operational tasks, and ensuring the performance of property investments while working in a collaborative team environment. Opportunities for growth are provided, emphasizing a reliable and detail-oriented work ethic.
Qualifications
- 2-8 years of work experience in asset management or related field required.
- Understanding of finance and real estate fundamentals.
- Must communicate professionally and effectively.
Responsibilities
- Support management of 15+ real estate assets and assist in due diligence.
- Prepare monthly, quarterly, and annual asset reports.
- Assist in market research and maintain asset databases.
Skills
Education
Tools
Job description
Asset Management Associate - In-Person Position (Pacific Palisades)
Westminster Capital • Santa Monica , CA , US
Posted 2 days ago
Description
In-Person Position - Pacific Palisades
ROLE DESCRIPTION: We are seeking a motivated and detail-oriented Asset Management Associate to support the management, optimization, and reporting of our portfolio assets. At Westminster Capital, you will take on the responsibility of managing the company’s real estate assets while organizing company tasks and providing connectivity between asset management and accounting departments. You will be exposed to a variety of deals and asset classes that will require you to use expert organizational skills, analysis, and critical thinking.
Opportunities for growth are abundant - Westminster Capital encourages its employees to embrace their role/responsibilities as a platform for future growth in any of the lines of business that our company is focused on.
REPORTS TO: VP of Asset Management
**This is an in-person position - hybrid and/or remote work is not an option for this position at this time.**
Responsibilities
HOW YOU WILL CONTRIBUTE:
Customer Service:
- Embrace Westminster’s Core Values: Help first, Own It, Transparency, Win, and Excellence.
- Demonstrate outstanding phone and email etiquette.
- Provide guidance and support to the internal and external parties.
- Embrace teamwork and collaboration on all levels across departments.
2. Day-to-Day Responsibilities:
Asset Management
- Assist in weekly management of 15+ real estate assets (asset classes vary).
- Support due diligence and underwriting efforts related to acquisitions, dispositions, and refinancing activities.
- Assist in the preparation of monthly, quarterly, and annual asset reports for internal and external stakeholders.
- Review third-party management or service provider performance and recommend operational improvements.
- Assist in market research and benchmarking to inform asset strategies.
- Identify opportunities to enhance asset performance and propose actionable recommendations.
- Maintain accurate and up-to-date asset databases and documentation.
- Assist in the closing of private business purpose loan investments.
- Support due diligence and underwriting efforts related to loan deals.
- Maintain accurate and up-to-date asset databases and documentation.
CORE COMPETENCIES:
- Service Oriented: Actively seeks opportunities to assist others. Provides the highest level of customer service.
- Problem Solving: Uses logic and reasoning to identify solutions and seeks alternative solutions, conclusions, or approaches to problems.
- Communication: Communicates in detail both written and orally in a professional manner.
- Making Decisions and Solving Problems: Analyzing information and evaluating results to choose the best solution and solve problems.
- Getting Information: Capable of independently obtaining information from all relevant sources.
- Attention to Detail: Demonstrates careful attention to detail and is thorough in completion of work tasks.
- Dependability: Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Initiative: Demonstrates willingness to take on responsibilities and challenges.
QUALIFICATIONS:
- Bachelor’s degree in business management, economics, finance, real estate, or a related field.
- 2-8 years of work experience in asset management, lending, investment management, commercial real estate, or a related field. Compensation commensurate with years of experience.
- Understanding of finance fundamentals.
- Understanding of real estate fundamentals.
- Proficient with Microsoft Excel, PowerPoint, and Word.
- Ability to process complex tasks with minimal instructions.
- Possesses excellent organizational skills with the ability to multitask.
- Must be able to communicate professionally and effectively with other staff members, property employees, and the Executive team.
- Strong analytical and problem-solving skills.
- Able to adapt to changing priorities.
- Strong work ethic with the ability to work independently.
- Possess integrity and professionalism.
Note: This is an in-person position - hybrid and/or remote work is not an option for this position at this time.
Compensation
$85,000 - $105,000 yearly
About Westminster Capital
Westminster Capital Group is a private investment and management firm with extensive experience in real estate, finance, and private equity investments. Growing from a time-tested, vertically integrated, real estate-focused family enterprise, the Belzberg family has owned and directed Westminster Capital for more than 40 years.
With a history dating back to the mid-1900s, the family-owned companies combined to be one of the largest developers and investors in the western United States and Canada, with a diversified portfolio valued at over $600M.
- Asset Management Associate - In-Person Position (Pacific Palisades)
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