ASSOCIATE ASSET MANAGER, MULTIFAMILY

Primary Duties & Responsibilities

• Support Asset Managers in executing asset-level business plans and portfolio strategies across multifamily investments.
• Develop and maintain financial models used for asset valuations, hold/sell analyses, refinancing evaluations, capital allocation decisions, and investment underwriting.
• Affirmative action statement: Perform monthly and quarterly financial analysis, including variance reporting, trend analysis, cash flow forecasting, and NOI improvement tracking.
• Evaluate property performance and identify opportunities to drive revenue growth, expense reduction, and operational efficiencies.
• Analyze lease trade-out trends, occupancy performance, concessions, renewal pricing, collections, delinquency, and other key operating metrics.
• Support Analyst and AM Coordinator in prioritization and deployment of task management.

Property & Portfolio Oversight

• Develop strong working relationships with third-party property management companies and participate in ongoing performance reviews.
• Maintain operational performance and provide recommendations regarding leasing strategy, expense management, staffing, resident retention, and capital investment.
• Conduct property inspections and market tours to evaluate physical condition, competitive positioning, renovation progress, and business plan execution.
• Assist with oversight of capital projects, renovations, unit upgrade programs, and value-add initiatives, including budget tracking and return analysis.
• Support transition planning for acquisitions, dispositions, refinancings, and management changes.

Investor Reporting & Strategic Initiatives

• Affirmative action statement: Assist in preparing quarterly investor reports, lender reporting packages, internal presentations, and partnership updates.
• Prepare asset review materials, approval requests, investment memoranda, and presentation materials for senior leadership and investment committees.
• Support portfolio-wide initiatives, benchmarking efforts, operating reviews, and special projects designed to improve portfolio performance.
• Collaborate with acquisitions, finance, legal, construction, and property management teams to ensure consistent execution of business plans.

Qualifications & Experience

• Bachelor's degree required; Real Estate, Finance, Accounting, Economics, Business, or related field preferred.
• 3–5 years of experience in real estate, finance, multifamily operations, asset management, acquisitions, property management, valuation, or related fields.
• Strong preference for multifamily experience.
• Experience reviewing financial statements, operating budgets, forecast models, and business plans.
• Familiarity with institutional ownership structures, third-party property management oversight, and capital projects is preferred.
• Experience working with Yardi, Excel financial models, Power BI, or similar reporting tools is a plus.
• Familiarity with multifamily markets throughout the Western United States is preferred.

Skills & Competencies

• Financial & Analytical Skills: Strong analytical skills with the ability to evaluate property operations and financial performance.
• Communication Skills: Excellent written and verbal communication skills with the ability to clearly present recommendations and findings to internal stakeholders, property managers, and senior leadership.
• Relationship Management: Ability to build strong relationships with third-party property managers, operating partners, consultants, and internal stakeholders.
• Organization & Execution: Exceptional attention to detail and ability to manage multiple projects simultaneously. Strong project management skills with the ability to prioritize competing deadlines.
• Initiative & Leadership: Self-starter with strong ownership mentality. Demonstrated critical thinking, intellectual curiosity, and problem-solving ability. Ability to work independently while thriving in a collaborative team environment.