Associate

Point Real Estate Management LLC | PRM; Town of Brookfield (WI); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Health coverage

Vision and dental coverage

401(k) with company match

Paid vacation and holidays

Paid parental leave

Disability insurance

Rent discounts

Team events

Job summary

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.

This role involves reviewing monthly financials, tracking property metrics, building financial models, supporting due diligence, and preparing narratives for investor reports.

Qualifications

• 1 year of asset management or financial analysis experience in CRE, or education substitute.
• Entrepreneurial attitude.
• Superior interpersonal, written, and verbal communication skills.
• Willingness to travel as required.
• Strong organizational and time management skills.
• Ability to multitask and take direction from multiple managers.
• Self-motivated, results-driven, and team-oriented.

Responsibilities

• Review and analyze monthly property financials and cash flow.
• Track key property metrics and communicate budget variances to leadership.
• Summarize business plans and performance for each property in the portfolio.
• Model and forecast future property cash needs and monthly cash flow.
• Assist due diligence on assets including inspections and reports.
• Create and utilize financial models for investment and disposition analysis.
• Prepare property narratives for quarterly investor reports.
• Research and summarize pertinent market data.
• Review budgets against proforma and future modeling.
• Monitor loan covenants and reserve/loan draws.
• Work with senior management on periodic property distributions.
• Collaborate with management company as needed.

Skills

Asset management experience

Financial analysis

Strong analytical skills

Excellent communication skills

Willingness to travel

Team player

Education

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

Tools

Advanced Excel

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.

• 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

Job Type

Full-time

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.