Associate, Asset Management

Related Companies; New York (NY); On-site; USD 140,000 - 160,000; Full time

Job summary

An established industry player seeks a Multifamily Preferred Equity - Asset Management Associate to oversee asset management and investor reporting. This dynamic role involves financial analysis, compliance monitoring, and collaboration with third-party vendors. The ideal candidate will possess strong analytical skills and a solid understanding of real estate finance. Join a forward-thinking firm that values innovation and teamwork, offering a competitive salary and a vibrant work environment in the heart of New York City. This is a unique opportunity to contribute to a prestigious portfolio and grow within a supportive team.

Qualifications

• 5+ years in real estate, investment banking, or finance.
• Strong quantitative and analytical skills required.
• Bachelor's degree in finance or related field is essential.

Responsibilities

• Conduct financial analysis and build detailed models in Excel.
• Review monthly property operating reports for performance trends.
• Assist in preparing investor presentations and due diligence trips.

Skills

Financial Analysis

Excel Modeling

Quantitative Analysis

Analytical Skills

Communication Skills

Time Management

Problem-Solving

Interpersonal Skills

Education

Bachelor’s Degree in Finance

Master’s Degree (preferred)

Tools

Excel

PowerPoint

Job description

Responsibilities

The Multifamily Preferred Equity - Asset Management Associate will focus on all aspects of asset management and investor reporting for RFM’s Multifamily Preferred Equity strategy. This position will be based in New York (in Related’s Hudson Yards office) and will report to the SVP of the Multifamily Preferred Equity strategy. Responsibilties include:

• Financial analysis, including building detailed financial models in Excel to perform quarterly valuation and monthly performance analysis across individual multifamily preferred equity investments and the wider multifamily preferred equity portfolio.
• Proactively review monthly property operating reports to help identify and track operating performance trends, operating budget variances, and significant changes in the assets and their respective markets.
• Monitor and track compliance of all guidelines in the preferred equity operating agreement between RFM and sponsor in addition to senior loan documents.
• Monitoring and reporting on the existing portfolio, which includes; i) closely working with third-party vendors such as our loan servicer, construction monitoring engineers, fund admins, and other outside parties, ii) monthly performance tracking of assets and the overall portfolio via detailed analysis utilizing Excel tools, iii) preparation and coordination of internal quarterly asset management meetings to review the performance of individual investments and the overall portfolio with the entire Multifamily Preferred Equity team.
• Assist the Multifamily Preferred Equity team in reviewing monthly distributions and construction draws, which requires available cash flow analysis, invoice verification and other audit related activities.
• Auditing internal Excel tools on a monthly basis to ensure systems are working and data is accurate.
• Help prepare investor presentations on an ad hoc basis.
• Occasional due diligence trips to monitor existing investments throughout the United States.

Compensation

• $140,000 - $160,000 / year
• Annual performance based bonus

Qualifications

• Minimum of 5+ years of relevant experience in real estate, investment banking, accounting, or finance.
• Understanding of real estate credit and the multifamily landscape.
• Strong quantitative, analytical, and modeling skills are required.
• Proficiency in Excel and PowerPoint.
• Exceptional time management and prioritization are necessary to succeed in a fast-paced environment where the Asset Management Associate will be required to manage multiple projects with significant responsibilities and competing priorities.
• Excellent communication and interpersonal skills at all levels are keys to success at Related.
• Strategic thinker, innovative and problem-solver.
• Ownership mentality.
• Strong interpersonal skills: Adaptive, Assertiveness, Professionalism and Leader.
• Strong sense of integrity and ethics. Values entrepreneurialism, independent thought and innovation.
• Must be able to work well in groups but also take ownership of tasks.
• Attention to detail as well as a strong desire to grow and succeed is critical.
• Bachelor’s Degree required (finance, accounting, or computer/data science focus). Master’s Degree preferred.

We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy .

#TRC #LI-JF1#LI-Onsite

Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over$70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, anddemonstratestrong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positivelyimpactthe communities in which they conduct business. Learn more about Related at www.related.com .

Related Fund Management (“RFM”) is a Registered Investment Adviser and affiliated with The Related Companies, LP. RFM is staffed by approximately 60 seasoned professionals and currently manages approximately $12 billion of capital on behalf of sovereign wealth funds, pension plans, multi-managers, endowments and family offices across three areas: opportunistic real estate investments, origination and acquisition of debt, and multifamily housing opportunities.

• Minimum of 5+ years of relevant experience in real estate, investment banking, accounting, or finance.
• Understanding of real estate credit and the multifamily landscape.
• Strong quantitative, analytical, and modeling skills are required.
• Proficiency in Excel and PowerPoint.
• Exceptional time management and prioritization are necessary to succeed in a fast-paced environment where the Asset Management Associate will be required to manage multiple projects with significant responsibilities and competing priorities.
• Excellent communication and interpersonal skills at all levels are keys to success at Related.
• Strategic thinker, innovative and problem-solver.
• Ownership mentality.
• Strong interpersonal skills: Adaptive, Assertiveness, Professionalism and Leader.
• Strong sense of integrity and ethics. Values entrepreneurialism, independent thought and innovation.
• Must be able to work well in groups but also take ownership of tasks.
• Attention to detail as well as a strong desire to grow and succeed is critical.
• Bachelor’s Degree required (finance, accounting, or computer/data science focus). Master’s Degree preferred.

We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at https://www.related.com/privacy-policy .

#TRC #LI-JF1#LI-Onsite

The Multifamily Preferred Equity - Asset Management Associate will focus on all aspects of asset management and investor reporting for RFM’s Multifamily Preferred Equity strategy. This position will be based in New York (in Related’s Hudson Yards office) and will report to the SVP of the Multifamily Preferred Equity strategy. Responsibilties include:

• Financial analysis, including building detailed financial models in Excel to perform quarterly valuation and monthly performance analysis across individual multifamily preferred equity investments and the wider multifamily preferred equity portfolio.
• Proactively review monthly property operating reports to help identify and track operating performance trends, operating budget variances, and significant changes in the assets and their respective markets.
• Monitor and track compliance of all guidelines in the preferred equity operating agreement between RFM and sponsor in addition to senior loan documents.
• Monitoring and reporting on the existing portfolio, which includes; i) closely working with third-party vendors such as our loan servicer, construction monitoring engineers, fund admins, and other outside parties, ii) monthly performance tracking of assets and the overall portfolio via detailed analysis utilizing Excel tools, iii) preparation and coordination of internal quarterly asset management meetings to review the performance of individual investments and the overall portfolio with the entire Multifamily Preferred Equity team.
• Assist the Multifamily Preferred Equity team in reviewing monthly distributions and construction draws, which requires available cash flow analysis, invoice verification and other audit related activities.
• Auditing internal Excel tools on a monthly basis to ensure systems are working and data is accurate.
• Help prepare investor presentations on an ad hoc basis.
• Occasional due diligence trips to monitor existing investments throughout the United States.

Compensation

• $140,000 - $160,000 / year
• Annual performance based bonus