What are the responsibilities and job description for the Asset Manager & Development Associate position at MCN Build?
Job Title: Asset Manager & Development Associate
Location: 530 Penn Street NE, Washington, DC 20002
Job Type: Full-time
Reports To: Director of Real Estate Development
Job Summary:
The Asset Manager & Development Associate is responsible for overseeing and optimizing a portfolio of real estate assets while also assisting in the development of new projects. This role requires a strong understanding of asset management, financial analysis, real estate development, and project coordination. The ideal candidate will play a key role in maintaining and improving asset performance while contributing to the growth of the organization’s development pipeline.
Key Responsibilities:
Asset Management:
- Oversee the financial and operational performance of real estate assets.
- Monitor lease agreements, rental income, and tenant relations.
- Conduct financial analysis and reporting to identify opportunities for value enhancement.
- Work with property management teams to ensure assets are well-maintained and operating efficiently.
- Develop and implement strategies to maximize asset value and investment returns.
- Track and manage capital expenditures and budgeting for assets.
- Create Investor packages to share updates of all properties
Development Assistance:
- Support site selection, feasibility studies, and due diligence processes.
- Assist with project planning, scheduling, and coordination.
- Collaborate with architects, engineers, and consultants to advance development projects.
- Conduct financial modeling and pro forma analysis for new developments.
- Assist in securing entitlements, permits, and approvals for development projects.
- Support financing efforts, including preparing materials for investors and lenders.
Qualifications:
- Bachelor’s degree in Real Estate, Finance, Business, or a related field.
- 3 years of experience in asset management, real estate development, or related fields.
- Strong financial modeling and analysis skills.
- Knowledge of real estate markets, valuation, and investment strategies.
- Experience with property management and lease negotiations.
- Strong project management and organizational skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Excel, financial modeling software, and real estate databases.
Preferred Qualifications:
- Master’s degree in Real Estate, Finance, or Business Administration (MBA).
- Experience working with mixed-use, commercial, or residential real estate portfolios.
- Familiarity with development processes, zoning laws, and permitting.
Compensation & Benefits:
- Base Salary: $70,000
- Performance-based bonuses.
- Free medical, dental, and vision insurance for the employee. 75% cost sharing for family coverage including a domestic partner and HSA contributions.
- Tuition reimbursement, student loan repayment, 401k matching.
- 20 days of PTO/year, 7 sick days/year, flexible working arrangements, the latest technology and tools to do your best work.
- Opportunity to make an impact on a diverse team with decades of professional experience.
Salary : $70,000
