Asset Management Associate
Asset Management Associate
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$ 105000 - 125000
1 Vacancy
Job Description
Want to learn more about The Scion Group Check out our website.
Were hiring immediately!
We are interested in every qualified candidate who is eligible to work in the United States. However we are not able to sponsor visas.
Scion is paving a path in student living and were seeking a talented Asset Management Associate to join us in executing our vision. This position is responsible for optimizing operational performance creating value at the individual asset and portfolio level and mitigating portfolio risk. With oversight over a a large portfolio of owned assets this position will incorporate a value-oriented approach to improve the long-term financial performance of the portfolio.
The Asset Management Associate will work in a fast-paced agile corporate environment. This role demands principled industry knowledge well-honed analytical skills a proactive nature and excellent communication.
This position is based out of our home office in downtown Chicago IL and is fully on-site.
Your Benefits
- Discretionary annual bonus
- Paid Time Off
- Health Insurance
- Dental Insurance
- Vision Insurance
- 401k Matching
- Paid Maternal Leave
- Parental Leave
- Learning reimbursement opportunities
Responsibilities:
- Lead the creation and maintenance of property business plans and capital improvement plans through collaboration with FP&A operations accounting capital and investment management teams.
- Collaborate with FP&A and other teams to develop annual budgets and periodic reforecasts for each property within the portfolio.
- Review monthly quarterly and annual budget variance reports identifying and presenting areas of concern and potential areas of improvement to senior management.
- Collaborate with senior management to evaluate capital improvement opportunities prioritize projects and create implementation plans.
- Combine a long-term mindset with a proactive approach towards each asset through analysis and execution of opportunities and present results to senior management
- Conduct on-site inspections of properties within the portfolio to develop a complete understanding of each property opportunities for growth and assess operational and management performance. Communicate concerns to relevant stakeholders when expectations are not being met.
- Perform comprehensive market research to evaluate local rental rates study competitive properties and identify trends opportunities and potential risks to formulate strategic recommendations and property-level business plans.
- Provide analytical support to determine the ROI of operational and leasing strategies redevelopment prospects and other ad hoc property opportunities. Implement appropriate value enhancing strategies through collaboration with operations capital and investment management teams.
- Identify and oversee repositioning opportunities. Create financials models to justify major capital improvements and repositioning strategy. Opine on project scope anticipated rent premiums and own the ongoing implementation to ensure ROI is met.
- Monitor retail lease expirations renewals and tenant performance.
- Work closely with brokers to fill vacant retail space with quality tenants.
- Manage retail tenant relationships.
- Maintain and integrate company-wide valuation model.
- Maintain JV Promote models.
- Monitor and analyze existing debt obligations for each property including loan terms interest rates and maturity dates.
- Assist with debt refinance and disposition processes.
- Assist with due diligence process on acquisition projects and with the transition of newly acquired properties into portfolio asset management platform.
The responsibilities listed above are not all-inclusive.
Qualifications:
- Bachelors degree in real estate finance economics or other STEM background. MBA or advanced degree is a plus
- 3-5 years of relevant experience in real estate finance and analytics; Prior experience specifically with asset management in commercial real estate
- Advanced analytical skills with an ability to convey complex datasets and information to internal management and external partners
- Advanced financial modeling skills and advanced proficiency with Microsoft Excel Word and PowerPoint
Operational Details:
- Job location is based at Scions Chicago corporate headquarters. Willingness to travel up to 50% of the time.
- Working hours consist of standard daytime business hours with flexibility during peak times.
The Scion Group LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race religion creed national origin color gender sex sexual orientation gender identity or expression age physical or mental disability (as long as the employee/applicant is otherwise qualified for the job with or without a reasonable accommodation) genetic information HIV/AIDS status marital status uniformed service veteran status pregnancy or other legally protected status or category under federal or state law. The Scion Group LLC complies with applicable state and local laws governing nondiscrimination in employment in all locations in which the Company has properties. This policy applies to all terms and conditions of employment including hiring placement promotion termination layoff recall transfers leaves of absence compensation training and other terms and conditions of employment. The Scion Group LLC is committed to the principles of equal employment opportunities.
IND-B #wearehiring #werehiring
The base salary range for this full-time position is base bonus benefits. Our salary ranges are determined by role level and location. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range individual pay is determined by work location and additional factors including job-related skills experience and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.
Illinois Pay Range
$105000 - $125000 USD
Required Experience:
IC
Employment Type
Full Time
