What are the responsibilities and job description for the Real Estate Associate, Asset Management position at Flow?
About The Company
Flow aims to create a superior living environment that enhances the lives of our residents and communities by developing, acquiring, owning, and managing multifamily apartment buildings and the services and technology inside those buildings.
Fulfilling our mission will require an exceptional group of people whose collective output is greater than the sum of its individual parts. Our team members are energized by the opportunity to impact our residents’ lives in meaningful ways. They are bold and creatively ambitious, driven by relentlessly high standards, act with a sense of urgency and accountability, and always, above all, operate with integrity, loyalty, and trust.
About The Role
We are seeking an Associate to support Flow’s Real Estate Asset Management function. This person will be one of the first dedicated hires for the RE team and will immediately have a high level of responsibility and visibility. This Associate will liaise directly with property management teams on a daily basis to represent ownership and be responsible for implementing business plans, ensuring transparent and informative reporting, cash flow forecasting, and maximizing asset financial performance.
The Associate is also expected to work closely with Flow’s Acquisition team to support transaction processes including new acquisition onboarding, financings, and dispositions. They will be an integral part of the team’s success, and will be one of the earliest members of the RE team.
Responsibilities
Flow aims to create a superior living environment that enhances the lives of our residents and communities by developing, acquiring, owning, and managing multifamily apartment buildings and the services and technology inside those buildings.
Fulfilling our mission will require an exceptional group of people whose collective output is greater than the sum of its individual parts. Our team members are energized by the opportunity to impact our residents’ lives in meaningful ways. They are bold and creatively ambitious, driven by relentlessly high standards, act with a sense of urgency and accountability, and always, above all, operate with integrity, loyalty, and trust.
About The Role
We are seeking an Associate to support Flow’s Real Estate Asset Management function. This person will be one of the first dedicated hires for the RE team and will immediately have a high level of responsibility and visibility. This Associate will liaise directly with property management teams on a daily basis to represent ownership and be responsible for implementing business plans, ensuring transparent and informative reporting, cash flow forecasting, and maximizing asset financial performance.
The Associate is also expected to work closely with Flow’s Acquisition team to support transaction processes including new acquisition onboarding, financings, and dispositions. They will be an integral part of the team’s success, and will be one of the earliest members of the RE team.
Responsibilities
- Daily communication with property management staff to ensure transparency, prompt resolution of issues, and business plan implementation
- Develop and implement annual business plans for each property to maximize asset value
- Collaborate with property management and revenue teams to optimise leasing strategy
- Oversight of property tax and insurance strategies for the portfolio
- Lead retail and office leasing efforts including oversight of existing tenants, managing broker relationships, and lease negotiations
- Assist with providing due diligence materials for financings and dispositions
- Collaborate across multiple teams to lead annual property-level budgeting process
- Review of monthly financial reports to ensure accountability, transparency, and alignment with property management teams.
- Create ROI models for capital improvement projects
- Lender relationship management and ensuring property compliance with loan agreements
- Cash flow projection modelling and onboarding of new investments
- Bachelor’s degree in a related field (Finance, Real Estate, Economics, or similar)
- 4-8 years of asset management experience for owners of Class A multifamily and mixed-use assets across multiple geographies
- Proficient in creating cash flow projection models, sell/hold analysis, and ROI analysis.
- Experience in supporting transaction processes including new acquisition onboarding, financings, and dispositions.
- Deep understanding of multifamily property financial reports and operations
- Extremely well organized
- Strong communication skills
- Comprehensive benefits package (Medical / Dental / Vision / Disability / Life)
- Paid time off and 13 paid holidays
- 401(k) retirement plan
- Healthcare and Dependent Care Flexible Spending Accounts (FSAs)
- Access to HSA-compatible plans
- Pre-tax commuter benefits
- Employee Assistance Program (EAP), free therapy through SpringHealth, acupuncture, and other wellness offerings
