Asset Management Associate - Shorenstein Realty Services, L.P (New York, NY)
Posted: Sunday, December 30, 2012 9:28 PM
Asset Management Associate This details all the information about the job posting. To submit your resume, click on the \"Submit your Resume to this Job\" button. Or if you have a friend that would be interested in this position, you can send this job to him/her using the \"Send Job to a Friend\" button. Job Title Asset Management Associate Company Shorenstein Realty Services Location New York, NY Job Type Full Time Job Description Summary: Perform asset management related analysis with an emphasis on Argus models and property valuations for properties within the portfolio. Perform asset management duties as assigned. Essential Duties & Responsibilitiesinclude the following. Other duties may be assigned. · Perform accurate and complete net present value analysis for properties within the portfolio within established timeframes. · Thoroughly analyze the impact of lease transactions to property value and yield within established timeframes. · Thoroughly analyze the impact of capital projects to property value and yield within established timeframes. · Accurately and thoroughly review assigned sections of the monthly MAP report to ensure assumptions and forecast are consistent with the investment strategy for the asset within established timeframes. · Accurately and completely update property valuations as required within established timeframes. · Develop and produce accurate and complete required reporting to lenders, partners, and Shorenstein senior management within established timeframes. · With Capital Transactions, accurately and thoroughly complete transition-related tasks including but not limited to developing the budget, reviewing leases, reviewing offering memorandum, responding to lenders to resolve underwriting questions, reviewing loan documents, and running models to show budget implications within established timeframes. · Assist in the review of the annual operating budget to confirm consistency with property strategies. · Participate in special projects as assigned completing high quality deliverables within established timeframes. · Provide excellent customer service to both external and internal customers by: o Building positive relationships with customers o Taking initiative to identify customer needs and provide service that meets or exceeds customer expectations o Communicating effectively in person as well as via telephone and email. o Resolving difficult situations through the use of effective problem-solving skills. Job Requirements Essential Skills & Qualifications: · Strong working knowledge of real estate valuation as evidenced by four years of experience in a related function. · Advanced proficiency in Microsoft Excel and Argus financial modeling software program. · Demonstrated abilityto perform quantitative and qualitative analysis of assets using financial modeling techniques. · Demonstrated abilityto define problems, to collect data, to establish facts, and draw valid conclusions.Demonstrated abilityto interpret a variety of information including information in technical and/ or mathematical form, and deal with several abstract and concrete variables. · Demonstrated ability to find, access, evaluate and use information. · Demonstrated abilityto read, to analyze, and interpret complex documents. · Demonstrated abilityto provide analyses supported by numbers and facts. · Demonstrated ability to manage multiple projects and priorities to conclusion within agreed upon deadlines. · Demonstrated abilityto effectively resolve problems that balance multiple needs and interests. · Demonstrated abilityto respond to changing and sometimes ambiguous situations. · Demonstrated abilityto present ideas, instructions and information effectively, both orally and in writing. Demonstrated abilityto effectively share information to keep others informed both within and outside the department using appropriate communication methods. · Demonstrated abilityto express opinions and feedback in a clear and constructive manner. · Demonstrated abilityto effectively interact with other departments to ensure a high quality work product. · Demonstrated abilitytocomplete objectives and projects with broad managerial direction. Work is generally reviewed at the time of completion. Education/Experience: · Bachelor’s degree (B.A. or B.S.) in Finance or related field from a four-year college or university. · Minimum four years experience in real estate valuation. Certificates, Licenses, Registrations: None Physical Demands: · The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Working Environment: · Work environment characteristics are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee works in an office environment. · Travel may be required up to 15% of time on the job.
• Post ID: 36190354 newyork