Associate, Asset Management

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

Job summary

Join a leading private real estate firm as an Asset Management Associate, where you'll engage in financial analysis, investor reporting, and portfolio management. This role offers the opportunity to leverage your expertise in real estate and finance while collaborating with a dynamic team in a fast-paced environment. You'll be responsible for building financial models, monitoring compliance, and preparing investor presentations. If you're driven, detail-oriented, and ready to contribute to a thriving organization, this position is perfect for you.

Qualifications

• 5+ years of experience in real estate, investment banking, accounting, or finance.
• Strong quantitative, analytical, and modeling skills.

Responsibilities

• Build detailed financial models in Excel for valuation and performance analysis.
• Review monthly property operating reports to track performance trends.

Skills

Financial analysis

Excel proficiency

Quantitative skills

Analytical skills

Modeling skills

Communication skills

Time management

Problem-solving

Attention to detail

Education

Bachelor’s Degree in finance

Master’s Degree in finance

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 is based in New York (Related’s Hudson Yards office) and reports to the SVP of the Multifamily Preferred Equity strategy. Responsibilities include:

1. 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 portfolio.
2. Proactively review monthly property operating reports to identify and track operating performance trends, budget variances, and significant market changes.
3. Monitor and ensure compliance with all guidelines in the preferred equity operating agreement and senior loan documents.
4. Monitor and report on the existing portfolio by working with third-party vendors, tracking performance via Excel, and preparing internal quarterly asset management meetings.
5. Assist in reviewing monthly distributions and construction draws, including cash flow analysis and invoice verification.
6. Audit internal Excel tools monthly to ensure system accuracy and functionality.
7. Prepare investor presentations as needed.
8. Occasional travel for due diligence trips across the United States.

Compensation

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

Qualifications

• Minimum 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.
• Proficiency in Excel and PowerPoint.
• Excellent time management and prioritization skills in a fast-paced environment.
• Exceptional communication and interpersonal skills at all levels.
• Strategic thinking, innovation, and problem-solving abilities.
• Ownership mentality and strong interpersonal skills: adaptive, assertive, professional, and a leader.
• High integrity and ethics, valuing entrepreneurialism and innovation.
• Ability to work well in groups and independently.
• Attention to detail and a desire to grow and succeed.
• Bachelor’s Degree in finance, accounting, or computer/data science required; Master’s Degree preferred.

We are proud to be an equal opportunity employer and aim to build a diverse team and culture. We offer competitive total compensation based on experience, location, and market standards.

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Overview

Founded in 1972, Related is a leading private real estate firm headquartered in New York City, with a global presence. It manages assets valued over $70 billion, including the 28-acre Hudson Yards neighborhood in Manhattan.

Related invests in talent and fosters a positive, innovative, and entrepreneurial environment. Learn more at www.related.com.

Related Fund Management (“RFM”) is a registered investment adviser managing approximately $12 billion across various real estate investments and debt opportunities, staffed by about 60 professionals.