Equity Asset Management Senior Associate/Associate | Office and Retail

Selby Jennings; Dallas (TX); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Medical, dental & vision

401k with company match

Generous PTO & holidays

Parental leave

Wellbeing program

Cell phone reimbursement

Team events

Job summary

Selby Jennings in Dallas seeks an Equity Associate to support its Asset Management team. You will work on office and retail assets, building complex financial models, conducting equity underwriting, and preparing fund-level reporting.

Regularly communicate with decision-makers and lead junior staff. Ideal candidates have 3+ years in asset management, underwriting, or acquisitions, strong Excel/ARGUS skills, and a bachelor's degree.

Qualifications

• Experience modeling real estate cash flows, including waterfalls and debt structures.
• Proven ability to monitor a portfolio of equity investments and generate asset-level reporting.
• Client-facing communication with internal and external decision-makers.

Responsibilities

• Assist in monitoring and managing a portfolio of real estate equity investments.
• Develop and maintain asset-level cash flow reforecasting models.
• Guide Analysts in asset and portfolio reporting models to monitor performance.
• Underwrite various asset classes using Excel-based models, including IRR and waterfalls.
• Review business plans, leasing activity, and monthly property performance.
• Collaborate with operating partners and Acquisition Teams on plan execution.
• Demonstrate leadership, mentoring, and development of team members.

Skills

Real estate finance

Asset management

Underwriting

ARGUS Enterprise

Excel

PowerPoint

Yardi

Real Page

Client-facing

Leadership

Education

Bachelor's degree

Tools

ARGUS Enterprise

Real Page

Yardi

Job description

Overview

The Equity Associate will support firm's robust Asset Management team, gaining exposure to office and retail asset classes through financial modeling, fund-level reporting, and underwriting of equity investments. Regular communication with internal and external decision-makers will be expected in this role, offering exposure to industry leaders in the real estate investment community.

Key Responsibilities

• Assist in the proactive monitoring and management of a portfolio of real estate equity investments;
• Develop and maintain detailed asset-level cash flow reforecasting models;
• Guide Analysts in the maintenance of detailed asset- and portfolio-reporting models to monitor the performance of investments at the asset level;
• Underwrite a variety of asset classes using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling;
• Review and analyze business plans, leasing activity and monthly property-operating performance;
• Liaison with operating partners and leading members of the Acquisition Teams to review business plan execution; and
• Demonstrate strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members.

Professional Experience

• A minimum of 3 years' relevant experience;
• Asset Management, Development, or Acquisitions across office and retail asset classes experience preferred;
• Client-facing experience preferred;
• Experience with property underwriting and advanced financial modeling;
• Mastery in Microsoft Excel, PowerPoint and ARGUS Enterprise;
• Experience with Real Page and Yardi preferred.

Education/Certification

• Bachelor's degree required

Essential Skills & Competencies

• The Company seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior endeavors. The successful candidate should have:
• Job Knowledge & Technical Ability: Development and analysis of real estate-based financial models with a focus on multifamily, office, and industrial assets; ability to build out a complex financial model from scratch including waterfalls and various debt structures.
• Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
• Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly effective at preparing and presenting information.
• Professionalism & Teamwork: Acts with honesty and integrity and maintains confidentiality, adheres to company policies. Promotes a collaborative and productive work environment. Demonstrates team building, support and respect.
• Leadership & Management: Ability to supervise and direct people and/or resources to meet department goals. Able to motivate people and plan/prioritize operations while responding to changing conditions. Able to cultivate and build relationships with team and clients. Proficiency in reviewing other people's work and providing constructive feedback.

Travel Requirements

• Local and/or nationwide travel to assets and client sites required on an as-needed basis, approximately 1-2 times per month depending on deal list.

Position Details

• Classification: Exempt
• Position Status: Regular / Full Time
• Reports To: Vice President, Equity
• Direct Reports: No

Benefits

• We offer a comprehensive benefits package that includes:
• Employer-paid Medical, Dental & Vision, with buy-up options available
• Flexible Spending Account, Health Savings Account
• Carrot Fertility Benefit - $10,000 lifetime benefit
• 401k company match 4%, immediately vested
• Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
• 14 weeks Maternity Leave & 12 weeks Parental Leave
• Wellbeing program offerings
• Cell phone reimbursement
• Engaging team events & holiday parties