What are the responsibilities and job description for the Associate - Asset Managment position at Landmark Properties, Inc.?
Job Description
Associate – Asset Management
The Associate will assist the Investment Management Team with asset management functions including budget preparation, the implementation of leasing strategy, “value-add” business plan executions, interfacing with joint venture partners, appraisal reviews, and other assignments. The Associate will also assist with financings, recapitalizations, and dispositions across his or her assigned portfolio.
Reports to: Director – Asset Management
Direct Reports: None
Duties/Responsibilities: The duties listed below are an outline of the role’s responsibilities and should not be considered an all-inclusive list. As the needs of the organization change, these duties may be modified as needed.
Associate – Asset Management
The Associate will assist the Investment Management Team with asset management functions including budget preparation, the implementation of leasing strategy, “value-add” business plan executions, interfacing with joint venture partners, appraisal reviews, and other assignments. The Associate will also assist with financings, recapitalizations, and dispositions across his or her assigned portfolio.
Reports to: Director – Asset Management
Direct Reports: None
Duties/Responsibilities: The duties listed below are an outline of the role’s responsibilities and should not be considered an all-inclusive list. As the needs of the organization change, these duties may be modified as needed.
- Assist with oversight and task management of Analyst team.
- Lead external partner/lender reporting responsibilities.
- Assist with implementation of asset management and leasing strategies.
- Assist with review and finalization of proposed budgets prepared by operations team.
- Assist with preparation of cash flow analyses and investment return projections.
- Assist with evaluation and execution of financings, recapitalizations, and dispositions.
- Compile and review investment analysis for presentation and distribution to management, lenders, and investment partners.
- Provide advanced analytical and financial modeling to analyze property performance, assist with hold/sell/refinance recommendations and address ad hoc reporting requests to ownership.
- Assist with information dissemination and review of annual appraisals.
- Conduct visits to owned assets to inspect the assets, perform due diligence, and conduct market research.
- /- 3 years of Commercial Real Estate experience.
- Bachelor's degree preferably with a focus in Business, Real Estate, Finance, or other relevant subject matter; Master's degree preferred
- Relevant experience and track record of advancement in commercial real estate finance and/or investment analysis.
- Advanced Microsoft Office skills; advanced/expert in MS Excel.
- Strong analytical, communication, and interpersonal skills.
- The work environment characteristics described herein are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
- Travel: 10%
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl and talk or hear.
- Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.
- The employee may infrequently drive a vehicle (intrastate and interstate travel) or be subject to air travel for purposes of Company business.