What are the responsibilities and job description for the Associate, Asset Management position at XCORP AvalonBay Communities Inc.?
Position Type:
Full timeState:
VirginiaCity:
ArlingtonZip Code:
22203Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Asset Management Associate will support AvalonBay’s national Portfolio and Asset Management platform by conducting portfolio and asset-level research and analysis. This role focuses on capital expenditure budgeting, cash flow modeling, asset valuation—portfolio performance metrics, and underwriting NOI-enhancing opportunities. The Associate will also assist in defining data processes and ensuring the accuracy of key portfolio data. This position provides an opportunity to collaborate with all members of AvalonBay’s Asset Management team and the successful candidate will demonstrate curiosity and a willingness to learn.
Essential Job Functions:
Capital Budgeting & Forecasting:
Lead analysis and forecasting for annual capital budgets across the portfolio.
Prepare and present materials for senior leadership review.
Portfolio & Asset Valuation Analysis:
Collaborate cross-functionally with accounting, finance, tax, ESG, and mixed-use teams.
Perform valuation, cash flow, and other supporting analyses.
Portfolio & Asset Management Initiatives:
Contribute to and occasionally lead projects, ensuring timely milestone completion.
Performance Modeling & Data Analysis:
Develop models to assess portfolio and asset performance using KPIs and statistical tools.
Business Unit Performance Administration:
Manage performance tracking, calculation, and reporting within the Portfolio & Asset Management group.
Assist in implementing performance plan modifications.
Insights & Reporting:
Analyze capital investment performance and provide meaningful insights to leadership.
Education:
Bachelor’s degree in a relevant field.
Experience:
1-3 years of financial or asset management analysis experience, preferably in multifamily real estate.
Knowledge, Skills, and Abilities:
Understanding of property income statement, including NOI, FFO, revenue and how on-site activities impact property financials.
Strong analytical and financial modeling skills, capable of generating detailed cash flow models.
Basic understanding of return concepts, including Cap Rate, FFO Yield, ROI, Current Return, Total Return, Gross and Net Returns.
Ability to synthesize data and present findings clearly in written and verbal formats.
Proficiency in Microsoft Office (Excel, Word, PowerPoint).
Ability to create and deliver presentations to various stakeholders.
Strong attention to detail and problem-solving skills.
Ability to work with others on a diverse team.
Familiarity with general office equipment and software tools.
Strong time management skills and the ability to prioritize a complex workload.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
