Associate

Point Real Estate Management LLC; Town of Brookfield (WI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Health, vision, and dental coverage

401(k) with company match

Paid vacation, holidays, birthday off,

Floating holiday each year

Paid parental leave

Employer-paid life, short-term, and LT

Rent discounts

Friendly, supportive team with annuals

Job summary

Point Real Estate Management LLC is seeking an Associate to support Property Management leaders and Asset Managers across Wisconsin. You will analyze property financials, track cash flows, and communicate performance metrics to senior management.

The role includes due diligence for acquisitions and preparing investor-facing reports. The ideal candidate has a Bachelor’s degree in Economics/Finance/Accounting or Real Estate, strong Excel skills, and familiarity with Yardi.

Qualifications

• Bachelor's degree in Economics/Finance/Accounting or Real Estate.
• Advanced Excel skills required.
• Yardi experience and knowledge a plus.
• Proficient in Microsoft Office Suite.

Responsibilities

• Review and analyze monthly property financials, cash flow, and key metrics.
• Track property metrics and communicate results to senior management.
• Summarize business plans and performance at each property.
• Model and project future cash requirements and cashflows.
• Assist in due diligence for acquisitions, including inspections and reports.
• Create financial models to analyze investment opportunities.
• Prepare property narratives for investor reports.
• Research market data and compare budgets to proformas.
• Monitor loan covenants and reserve/loan draws.
• Assist senior management with periodic property distributions.

Skills

Interpersonal skills

Written communication

Verbal communication

Organization & time management

Attention to detail

Multitasking

Teamwork

Education

Bachelor's Degree in Economics/Finance/Accounting or Real Estate

Tools

Yardi

Microsoft Office

Job description

Description

Point Real Estate Management is looking to add an Associate to our growing team! The Associate will be responsible for assisting Property Management leaders and Asset Managers in the financial analysis and management of multifamily real estate assets throughout Wisconsin.

Essential Duties and Responsibilities

• Review and analyze monthly property financials, monthly property cash flow, as well as key property metrics
• Track key property metrics as well as communicate results of property operations and budget variances for senior management and ownership groups
• Work with management company to summarize business plans and performance at each property in assigned portfolio
• Model and communicate future property cash requirements and future monthly cashflow projections
• Become an active member of the due diligence team for assets to be acquired, which includes on-sight property inspections, reviewing and analyzing third party reports, property contract reviews, lease audits or other tasks as needed
• Create and/or utilize financial models to analyze investment and disposition opportunities
• Prepare property narratives for quarterly investor reports
• Research, analyze and summarize pertinent market data
• Review proposed budgets provided by and compare to original proforma and future modeling
• Monitor and administer loan covenants including reserve/loan draws, monitor lender covenants.
• Work with senior management to propose periodic property distributions

Requirements

• Minimum 1 year of prior experience in asset management, financial analyst, underwriting or fund-level management involving commercial real estate (education may be a substitute for experience)
• Entrepreneurial attitude
• Superior interpersonal, written, and verbal communication skills.
• Willingness to travel as required
• Strong organizational and time management skills. Strong listener. A detailed oriented self-starter.
• Ability to multitask, prioritize and take direction from multiple senior managers
• Strong analytical skills and ability to learn quickly, achieve results, and excel in a fast-paced, deadline driven environment
• Ability to work on a team, as well as independently, while driving multiple priorities and applying good judgement along with strong sense of self-motivation and direction
• Smart, energetic, team player with a strong work ethic and commitment to excellence

Technical/Educational Requirements

• Bachelor's Degree in Economics/Finance/Accounting or Real Estate
• Advanced Excel skills required
• Yardi experience and knowledge a plus
• Proficient in Microsoft Office Suite

Physical Requirements

Ability to operate office machinery; including but not limited to: telephone, computer, copy machine, fax machine, printer, and mobile phone.

Working Conditions

Open office workstation environment, moderate to quiet noise levels

General Hours

8:00AM - 5:00PM, Monday - Friday

Perks & Benefits

• Health, vision, and dental coverage starting within 30 days of hire
• 401(k) with company match after one month
• Paid vacation, holidays, birthday off, and one floating holiday each year
• Paid parental leave
• Employer-paid life, short-term, and long-term disability insurance
• Rent discounts
• Friendly, supportive team with fun annual events and more!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

In compliance with the Americans with Disabilities Act, a “reasonable accommodation” will be made for an individual with a known physical or mental limitation unless it would require an action of significant difficult causing undue hardship.

This document covers the most significant duties performed but does not exclude other occasional work assignments not mentioned.