Asset Management Associate - Cornerstone Recruiting

Asset Management Associate
Brooklyn, NY

The Asset Management Associate provides support to the Asset Management department and assists with the financial and operational oversight of commercial real estate assets, including, but not limited to financial modeling & analysis, prospective leasing, and capital projects. You will support Class A Commercial office buildings.

Essential Duties:

• Assist with leasing activity for assigned properties including the financial analysis of prospective leases, routine communication with leasing teams, lease negotiations, credit underwriting, interaction with legal teams, and the submittal of required internal documentation.
• Provide support to Asset Management by maintaining a high level of knowledge on market fundamentals such as rental rates, occupancy, supply/demand, capital market trends, and transaction activity for assigned geographic areas.
• Prepare detailed financial analyses of real estate assets including, but not limited to the following: discounted cash flow analysis, detailed capital requirement forecasts, time-weighted returns, leveraged and unleveraged IRRs, equity multiples, promote calculations, and other various financial and performance measurement metrics.
• Perform quarterly valuations for assigned real estate properties. Maintain ARGUS Enterprise models for internal valuations. Provide support and assist with coordination of external appraisals including detailed review of completed appraisals.
• Prepare and coordinate the annual budgeting process for assigned properties. Assist with the review of annual CAM reconciliations.
• Prepare, coordinate, and ensure timely completion of property-level and portfolio reporting such as annual business plans, quarterly fund reports, monthly status reports, investor-specific reports, leasing performance reports and other reports as required.
• Contribute to the improvement of existing processes and promote the adoption of best practices as related to the above duties and responsibilities.
• Perform other essential duties, as assigned.

Requirements:

• Bachelor's degree in finance, Real Estate, Business, Accounting, Economics, or relevant degree field. Relevant commercial real estate experience will be considered in lieu of specified majors.
• Up to 5 years of commercial real estate industry work experience.
• Class A Commercial Office exp a must
• Solid understanding of financial analysis concepts.
• Ability to travel and to work extended hours when necessary.
• Must be willing to work on-site full-time.

Key Competencies:

• High level of proficiency in Excel and Argus Enterprise.
• Accuracy and attention to detail.
• Ability to prioritize assignments to meet numerous deadlines.
• Excellent analytical, quantitative, and problem-solving skills.
• Exceptional written and verbal communication skills.

if you are interested in hearing more about this opportunity, please reach out to Sarah at sowen@csrecruiting.com