What are the responsibilities and job description for the Asset Management Analyst/Associate position at SAND HILL PROPERTY COMPANY?
Job Description
Company Background:
Sand Hill Property Company has developed and invested in over 20 million sq. ft. of Class A commercial and mixed-use properties in the Silicon Valley and San Francisco Bay Area over four decades. Sand Hill specializes in creating and executing well designed mixed-use sustainable projects.
Position Summary:
Asset Management Analyst/Associate for a twelve-property institutional Class A commercial and mixed-use property portfolio consisting of approximately $3.2 Billion in existing income properties, and $6 Billion in development projects. Hands on support and a key participant of a small institutional asset management department, associated property management, construction management, and development departments. Excellent learning opportunity for commercial real estate asset management, leasing, operations, budgeting, and forecasting.
Responsibilities:
Budgets – Support and participate in creation, review, monitoring of
- Plans and budgets for each asset to maximize income and long-term value.
- Review monthly operating statements and evaluate financial performance relative to budgets.
- Provide primary analytical support needed to monitor and implement each property's business plan and budget.
Financial Analysis:
- Create and maintain Excel based financial analysis models for budgets, cash flows, leases, forecasts, capital improvements, possibly development.
Operations – Support and participate in portfolio and property level asset management.
- Manage tracking capital projects in coordination with leasing, construction, and property management.
- Problem-solve property and portfolio level issues through research, analysis, and implementation.
- Work with property management team on operational matters.
Leasing:
- Support and participate in commercial space marketing and lease negotiation, tenant improvement work letters and lease analysis. Work with leasing/marketing teams, property management, and construction management to complete leasing plans.
Document review
- Prepare abstracts of documents such as commercial leases, loan documents, etc.
- Monitor financial and legal requirements in connection with the portfolio, abstracting the information necessary to ensure compliance and facilitate business processes.
Investor Relations
- Assist in supporting relationships with capital partners, including reporting, market reports, special requests, and relevant analysis.
Experience & Skills:
- Career Experience – Two to eight years’ experience in commercial real estate, finance, or similar.
- Financial Modeling – Solid experience/ability in building and maintaining financial models in Excel. Argus experience helpful, but not required.
- Real estate contracts – Some experience/exposure with commercial real estate leases, loan agreements, purchase & sale agreements, etc.
- Software – Experience with Word, Excel, PowerPoint, Outlook, and Excel required. Experience with Yardi, and Argus desired, and or ability to learn quickly.
Education:
Bachelor’s degree in real estate, finance, engineering, or accounting.
Master’s degree in business administration considered but not required.
Sand Hill Property Company specializes in the real estate industry and manages commercial and multifamily real estate properties in Silicon Valley and the San Francisco Peninsula Area throughout their life cycle, including acquisition, development, financing, operations and sales, as applicable. The company has a proven track record of executing successful value-add retail, mixed-use, office, multifamily and hotel properties in these markets. Founded in 1988, the company has developed more than 40 projects encompassing 14 million square feet throughout the Silicon Valley. More information on the Company can be found at https://www.shpco.com/.
Company Description
Salary : $3 - $6