Asset Management Analyst
Asset Management Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
GK is recognized by the Los Angeles Business Journal as one of the
Most Influential FamilyOwned Businesses in Los Angeles
Goldrich Kest (GK) is a diversified real estate development and management group of companies and partnerships. Its focus is to expand its portfolio of proven and welllocated properties including multifamily industrial retail commercial and congregate care through acquisition and development while providing stable cash flow to its partners and outside investors.
Position Information:
- Salary Range: $90k $100k (DOE)
- Work Schedule: Monday Friday (8:00am 5:00pm)
- Exempt
Job Summary
The Asset Management Analyst will work directly with the Asset Manager in the oversight and management of the Multifamily portfolio with the overall goal of optimizing asset values. The Analyst will play a key role in developing and executing on both portfolio and property specific strategies evaluating operational performance against relevant industry benchmarks analyzing capital investment decisions and how they impact value and facilitating preparation of required reporting deliverables.
Essential Functions
This job description should not be interpreted as all inclusive. It is intended to identify the essential functions and requirements of this position. The incumbent may be requested to perform jobrelated responsibilities and tasks other than those stated in this job description.
- Assist in the preparation and review of annual operating budgets and property level business plans.
- Review monthly financial and operating reports to measure property and portfolio performance against established budgets and business plans and communicate issues/coordinate changes with Property Management to ensure operational goals (NOI growth occupancy targets capital projects etc.) are being met or exceeded.
- Complete regular portfolio audits to identify deficiencies (i.e. stale units rent increase/turn delays etc.)
- Monitor and analyze market and economic conditions along with capital trends and factors impacting the performance of the portfolio.
- Assist the Asset Manager in the administration and implementation of new processes and presentations to internal stakeholders and senior leadership.
- Assist in monthly quarterly and annual preparation of reporting and presentations related to property and portfolio performance to budget internal and external benchmarks and established goals.
- Assist in the due diligence and underwriting of potential acquisitions repositions dispositions and developments.
- Aid in overseeing 3rdParty Managed properties to ensure accurate and timely reporting in accordance with management agreement requirements along with thorough review and analysis of property performance consistent with GK Management standards.
- Prepare and present various ad hoc analysis as needed.
Other Responsibilities
Performs other duties as assigned.
Materials and Equipment
This role routinely uses standard office equipment such as laptop computers smart phones photocopiers filing cabinets and other presentation materials.
Knowledge Skills and Abilities
- Excellent mathematical interpersonal and business communication skills
- Professional demeanor and respectful attitude
- Strong communication (oral &written) skills
- Strong work ethic with the ability to work alongside varied personalities
- Motivated and resourceful team player
- Ability to take initiative and work independently to establish and manage work priorities
- Highly analytical technologically savvy with strong problem solving skills
- RealPage/Intacct accounting system experience not required but is a plus.
Minimum Qualifications Required
- Bachelors degree preferably in businessreal estate economics finance or accounting.
- Two or more years of experience in a similar role in multifamily and/or commercial Real Estate.
- Advanced knowledge of Microsoft Excel (VBA is a plus but not required)
- Working knowledge of Microsoft Word PowerPoint and Power BI
Certifications
N/A
Physical Requirements
- Ability to sit for extended periods of time and concentrate on detailed spreadsheets and financial reports.
- Ability to stand walk and tour properties during site visits.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job the employee is regularly required to talk or hear. The employee frequently is required to stand walk use hands to finger handle or feel and reach with hands and arms.
Working Conditions
Work is usually performed in a normal office environment. Some travel will be required for asset management related property visits and select acquisition due diligence. This may periodically involve visiting properties that are under rehab/remediation with associated exposure to noise dust dirt etc.
Required Experience:
IC
Employment Type
Full-Time
