Senior Associate, Asset Management

Job Description

Description:

The Beach Company is looking for a Senior Associate to join our Asset Management team at its corporate headquarters located in Charleston, SC. Reporting to the Director of Investment Management, the Senior Associate will be undertaking responsibility for the financial performance and business plan execution of a multifamily portfolio located in the Southeast. Specific duties will include interfacing with property management, oversight of capital projects, initializing the reporting of asset performance on a weekly, monthly, and quarterly basis to internal and external parties, and preparation and oversight of annual budgets. This individual will also assist in the underwriting and review of new investments and play a key role in the due diligence and takeover of those investments. The position will entail a wide range of analytical tasks in addition to frequent travel to better understand and track property and market fundamentals. Requirements:

Job Duties and Responsibilities

Asset Management 90%)

Performance Tracking: Track property operating results weekly, monthly, and quarterly to identify trends and opportunities, especially focusing on lease up and development assets.

Cash Flow Analysis: Conduct cash flow analysis for all properties in comparison to budget.

Lease Up Analysis: Analyze lease up fundamentals and compare assets to improve efficiency.

Market Analysis: Review market surveys for properties and report trends to the asset management team.

Site Visits: Conduct site visits, providing detailed reporting on observations and improvement areas.

Communication Liaison: Serve as the frontline of communication between the asset management team and property management for the portfolio.

Investor Reporting: Assist in managing internal and external reporting and property accounting oversight.

Acquisitions: Support due diligence and takeover efforts for new acquisitions.

General Initiatives: 10%)

Assist the Director, Investment Management in preparing Board, Shareholder and Investor presentations.

Prepare annual business plans for the assigned portfolio and be prepared to present those to senior management and key stakeholders.

Required Experience

Bachelor’s degree in Real Estate, Finance, or a related field of study from an accredited institution. MBA or CFA is a plus but not required.

3-5 years of commercial real estate experience, with an emphasis on multifamily and asset management. Experience working for or with third-party property managers and having a strong analytical background is a plus.

Highly proficient in Microsoft Excel and basic knowledge of other Microsoft Office products (PowerPoint, Word, Outlook).

Experience with Realpage and Yardi is preferred.

Skills and Abilities Required

Self-starter and motivated team player with ability to work independently.

Detail oriented and able to handle multiple projects and deadlines.

Ability to travel (approximately +25%)

Strong leadership skills with the ability to execute complex tasks in a team environment.

Critical thinking and problem-solving skills.

Strong interpersonal and presentation skills.

Strong attention to detail and high-level communication skills.

The Beach Company offers a benefits package that is stellar, including remarkable health benefits, 401K match, generous PTO, employee development to name a few. Of course, these are nicely packaged with commensurate compensation.

Full-time