Analyst, Asset Management - Related Affordable - Related

The Analyst, Asset Manager will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role will support the Lead Asset Manager in various tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures, rent collection, and leasing opportunities at each property within the portfolio. The Asset Manager will report to the Lead Asset Manager and work closely with the Portfolio Management Team. This position will be onsite 5 days a week at our Chicago office.

Core responsibilities may include, but are not limited to the following:

• Work closely with the Portfolio Management Team to contribute to standard reporting packages, such as budget variance reports and site inspection reports
• Conduct periodic inspections of all assets in sub-portfolio with particular attention to any troubled assets
• Assist in identifying and escalating significant issues to the Lead Asset Manager and the Portfolio Management Team
• Attend weekly asset management calls to learn and contribute to discussions on best practices
• Participate in regular portfolio management meetings that are relevant to assigned properties
• Contribute to the annual property budgeting process for assigned properties
• Assist in preparing the Quarterly Asset Management Report
• Collaborate with the Portfolio Management Team to update property databases
• Assist in improving the financial reporting/reforecasting process and tools
• Work with the Portfolio Management Team and Property Management to support the implementation of a new property onboarding process
• Partner with the Portfolio Management Team to maximize Section 8 contract rents for the sub-portfolio
• Support budget-based rent increase requests as needed
• Collaborate with the NOI/Procurement Team to review operations, procedures, and spending to identify opportunities for implementing best practices

Compensation

• $70,000 - $80,000 / year
• Annual performance based bonus

• Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group
• BS/BA degree preferred required
• Basic knowledge of finance, operations, and accounting principles in commercial real estate, with a willingness to learn; Affordable Housing knowledge is a plus
• Proficiency in Microsoft Excel, Word, and PowerPoint
• Strong written and oral communication skills
• Strong organizational skills with attention to detail
• Demonstrated eagerness to learn, contribute, and grow within the team
• Ability to collaborate effectively with property management and ownership teams
• A diplomatic and assertive approach, coupled with self-motivation
• Curiosity and a willingness to explore new approaches and solutions
• Must have the flexibility to travel to properties

Benefits:

• Personalized Health Care: Multiple medical, dental, and vision plan options; Employee Assistance Program
• Financial Benefits: Competitive salary and incentive packages; matching 401(k); FSAs and HSA; employer-paid life and AD&D insurance; paid leave & disability programs
• Social Wellness: 19+ days of PTO; mental health counseling & resources; fertility, surrogacy, and adoption assistance; volunteer days and donation matching
• Career Development: Learning & training programs; tuition & certification reimbursement; internal advancement opportunities

We are proud to be an equal opportunity employer and are deliberate about the team and culture we are building. We aim to ensure competitive total compensation that is commensurate with experience, workplace geography, and market standards.

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Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States.  Headquartered in New York City, the company has offices and major developments across the world.  Related owns and manages a premier portfolio of assets valued at over $60 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.   

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued.  Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit.  In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business.  Learn more about Related at www.related.com. 

Divisional Overview

Related Affordable leads the company’s efforts to preserve and improve the nation’s affordable housing stock.  Affordable housing acquisitions and development have been the foundation of Related since the company was founded.  Today, Related Affordable owns and oversees one of the largest affordable housing portfolios in the nation.  The company is driven by the belief that everyone deserves a quality home and works hard to deliver that for communities across the country. Learn more about Related Affordable at www.related.com/affordable-housing.