Asset Management Analyst – Multifamily Real Estate

This is a fully remote position, open to applicants in New York.

📋 Description

• Conduct monthly and quarterly analyses comparing actual performance to budget, breaking down variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and performance of comparable properties.

• Maintain and improve market comparison sets; monitor submarket rent, occupancy, and concession statistics to provide context for asset performance.

• Collaborate with Property Management to pinpoint performance issues, verify budget assumptions, and monitor corrective action plans.

• Develop and sustain Excel models and reporting tools for tracking budget versus actual results, trend analysis, and portfolio summaries.

• Extract and analyze data from property management systems (Yardi or similar) to support ongoing reporting and ad hoc analyses.

• Evaluate underwriting budgets and operating assumptions for multifamily assets at the time of acquisition and throughout the holding period.

• Assist with investment reporting materials, including memos, return analyses, and scenario modeling.

• Support due diligence processes by reviewing third-party reports and financial data.

• Aid in the annual budgeting process: construct, model, and stress-test property-level operating budgets in collaboration with Asset Management and Property Management.

• Contribute to investor reporting with asset-level performance narratives and relevant schedules.

• Assist Asset Management with hold/sell evaluations, refinancing assistance, and updates to business plans as necessary.

• Utilize AI tools (e.g., Claude, ChatGPT, Excel integrations) to enhance the efficiency of analysis, underwriting, reporting, and workflows.

• Help to develop and refine internal processes to boost efficiency and scalability.

• Identify potential for automating recurring analyses and improving data quality.

⛳️ Requirements

• Bachelor's degree in Finance, Economics, Accounting, Business, or a related discipline.

• 1-4 years of experience in multifamily or commercial real estate, with backgrounds in asset management, property accounting, acquisitions, FP&A, or valuation/appraisal considered.

• Proficient financial modeling skills in Excel, including the ability to construct and audit models.

• Familiarity with multifamily operating statements and key metrics such as NOI, economic occupancy, trade-outs, and expense ratios.

• **Preferred Requirements:**

• Exposure to AI tools in investment workflows.

• Experience with Yardi, RealPage, Entrata, or similar property management systems.

🏝️ Benefits

• **Performance Bonuses** - Our corporate team enjoys performance-based bonuses.

• **Paid Time Off** - Unlimited DTO starting from the day of hire.

• **Mentorship** - Collaborate with a skilled team of multifamily investment professionals.

• **Holiday Pay** - 10 fully paid holidays.

• **Paid Volunteer Hours** - 8 hours of paid volunteer time available throughout the year.

• **Housing Discounts** - 25% off rent for all employees on any unit.

• **Comprehensive Insurance Benefits** - Medical PPO, HDHP, FSA, HSA with employer match, Dental, Vision, STD, & LTD.

• **Retirement Plan** - 401K with a 25% company match up to 6%.

• **Travel & Personal Discounts** - Company rates on National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).

• **Certification Reimbursement** - Full reimbursement for approved industry-related certifications, including CAM, CPO, EPA, and more!

• **Tech Forward & Transparent Culture** - Innovative internal software designed to make your job easier!

• **Cultural Appeal** - We promote transparency and constructive debate (No Fear of Conflict); you are encouraged to voice any concerns and share what isn't working well. Your input truly matters!

• EOE