Asset Management Associate (Philadelphia, PA)

JOB SUMMARY:

The professional will work directly with the firm’s executive team in all capacities to create, implement, and execute asset management business plans for the firm’s investments.

Primary Duties and Responsibilities:

• Prepare and present business plans, budgets and reforecasts
• Recommend leasing assumptions and capital projects
• Monitor budgets in real time and ensure compliance
• Review and understand variance reports
• Manage asset liquidity and cash flow forecasts
• Prepare and distribute lender reports; ensure compliance with loan agreements
• Maintain Argus and Excel valuation files; recommend and prepare quarterly valuations; prepare quarterly asset management reports to share with capital partners
• Interface with outside parties including leasing brokers, tenants, property managers, lenders, and vendors
• Prepare economic analyses for proposed leases
• Manage construction projects and associated budgets
• Assist in creating asset repositioning plans and engaging architects and contractors; manage third-parties through renovation process
• Remain current on market dynamics and competitive set for the firm’s portfolio
• Support the acquisition team in its underwriting efforts; review operating and capital budget and opine on assumptions; perform operational and physical due diligence
• Assist in preparation of investment memoranda and ad hoc market research
• Assist in procurement of property financing
• Support all other company initiatives as required

Qualifications/Skills and Knowledge Requirements:

• Minimum of five years of prior asset management experience in the office asset class (construction management experience is a plus)
• Expertise with Argus and Microsoft Excel
• Strong desire to work in an entrepreneurial environment
• Excellent interpersonal and communication skills, both written and verbal
• Self-motivated, energetic, and independent
• Strong analytical and quantitative skills and detail-oriented