Acquisitions & Asset Management Associate

Job Description

Elm Grove Companies is seeking a highly analytical and detail-oriented Acquisitions & Asset Management Associate to support both our investment acquisition process and asset management functions. This position will be approximately 50% acquisitions and 50% asset management, playing a key role in financial analysis, due diligence, pipeline management, and performance tracking of multifamily assets.

Key Responsibilities:

Acquisitions & Investment Analysis (50%)

• Conduct first-pass financial modeling for acquisitions, including NOI, IRR, DCF, and capital stack analysis.
• Support due diligence coordination, validating income/expense data, performing variance analysis, and assisting in third-party report reviews (appraisals, environmental, surveys).
• Track deal pipeline, including maintaining records of active, closed, and declined deals for future market intelligence.
• Analyze lender terms (LTV, payoff durations, prepayment penalties, refinancing options) and ensure alignment with investment strategy.
• Review and maintain key contract deadlines, contingencies, and deposit structures while holding colleagues accountable to timeline deliverables.
• Compile relevant market comps, rental trends, and economic data to support underwriting and acquisition decisions.
• Track and maintain contract-to-close deadlines for acquisitions, ensuring key dates are met.

Asset Management & Financial Performance (50%)

• Perform financial analysis on existing properties, identifying variance drivers in revenue and expenses.
• Develop and maintain rent roll reviews and assess lease terms across the portfolio.
• Conduct market research for ongoing rent pricing strategies to optimize revenue.
• Support the NOI growth strategy, identifying areas for operational improvements.
• Assist in preparing investor reports and financial summaries but will not interact directly with investors.
• Track overall business plan execution and recommend adjustments to scope to optimize financial outcomes.
• Track progress of development, construction and capital improvement projects against plan.

Qualifications & Skills:

• Experience: 3-5 years in real estate investment, lending, or commercial brokerage.
• Education: Bachelor’s in Finance, Real Estate, or related field preferred but not required if competency is demonstrated.
• Financial Analysis: Strong proficiency in Excel (financial modeling), ability to conduct IRR, DCF, and capital stack analysis.
• Technology: Familiarity with AppFolio (can be learned on the job), PowerPoint, and ability to adapt to internal platforms.
• Lender & Financing Knowledge: Understanding of loan terms, key financial ratios, and refinancing strategies.
• Legal & Compliance: Ability to interpret purchase agreements, track deadlines, and coordinate contract compliance with legal teams.
• Detail/Task-Oriented & Organized: Able to track multiple projects and ensure deadlines are met across acquisitions and asset management. High level of motivation to close out action items and deliverables.
• Affordable Housing: Existing knowledge or willingness to learn LIHTC housing finance and development.

Compensation

• Bonus Structure: 5-10% of base salary, contingent upon successful acquisitions and Net Operating Income (NOI) growth
• Benefits: Standard company benefits package, including health insurance, retirement plans, and paid time off
• Work Environment: Hybrid model with 4 days in-office at Hooksett, NH, and 1 day remote per week as work allows.