Asset Management Associate

Redmond, WA

Work for a commercial real estate acquisitions and development company located in Redmond, WA. With a strong reputation in their industry and a diverse portfolio, our client is looking for an Asset Management Analyst to join their team and help manage their diversified office and industrial portfolio.

As an Asset Management Analyst, you will be responsible for leasing, capital budgeting, cash forecast and distribution recommendations, property valuations, client reporting, loan compliance, and property dispositions as well as the overall performance of the investment portfolio and ensuring their investments meet performance objectives. If you are passionate about finance and asset management and are looking to take the next step in your career, this could be a great opportunity for you!

Asset Management Associate Responsibilities:

• Create, maintain, and use Argus models and reforecast budgets to update monthly cash forecast models for individual properties as well as for their portfolio.
• Work with the Director of Asset Management to make quarterly cash distribution recommendations to the Investment Committee.
• Prepare monthly and quarterly investor reports and collaborate with the accounting team to prepare lender reports, providing insight into variance analysis, leasing, marketing, and capital improvement updates.
• Review property management drafted year-end expense reconciliations and prepare lease-related paperwork, correspondence, and prepare lease abstracts.
• Support the development and implementation of annual asset level strategic plans, including leasing goals, capital plans, and hold/sell analysis, and ensure property management operating plans are on track with the budget.
• Work with Director of Asset Management in pre-sale due diligence, broker interviews, and preparing marketing materials for dispositions.
• Review leases and broker invoices for accuracy.
• Provide administrative support to the Director of Asset Management such as drafting correspondence, scheduling meetings, generating and updating information, etc.

Asset Management Associate Profile:

• At least 3 years of commercial investment real estate experience, asset management experience in office and/or industrial properties.
• Bachelor’s degree in Business, Finance, Economics, or Real Estate preferred, or the equivalent combination of experience.
• Experience with ARGUS and RealPage is strongly preferred.
• Understanding of present value analysis, financial terminology, and financial statements.
• Ability to understand and interpret commercial lease agreements.
• Unfailing commitment to customer service, including ability to deal effectively with a wide variety of people and personalities.

Company Benefits & Culture:

• They are a growing, vertically integrated real estate acquisitions and development company with a strong industry reputation.
• The company’s primary focus is office and industrial acquisitions, as well as industrial development in the Northwest.
• The Asset Management Associate works closely with the Executive, Property Management, Acquisitions, and Accounting teams.
• 100% paid medical for the employees, a vacation stipend, and a 401K with 3% contribution.

www.nwrecruitingpartners.com

Job Type: Full-time

Pay: $90,000.00 - $130,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Choose your own hours
• Monday to Friday

Supplemental pay types:

• Bonus pay

Work Location: One location

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