Asset Management Analyst

Related Companies New York , NY 10007

Posted 11 months ago

Overview

Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., and London, and boasts a team of over 3,800 professionals. With over $50 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood development on Manhattan's West Side, The Grand and Related Santa Clara in California and The 78 in Chicago. Related was recently named to Fast Company Magazine's list of the 50 Most Innovative Companies in the World. Related also has significant experience investing in operating businesses of the including its acquisitions of both Equinox and SoulCycle.

Responsibilities

Related Companies is seeking an Analyst to join its asset management team. The Asset Management Analyst would be responsible for the development, analysis and interpretation of financial and accounting data to evaluate operating results and operational efficiency in an effort to maximize value across the portfolio. This position will focus on the strategic real estate financial planning and performance monitoring of Related's national market-rate residential portfolios as well as select commercial assets. The Asset Management Analyst will report to the VP Director of Asset Management and is based in New York City.

Responsibilities:

  • Review annual property budget, leasing plan, and capital program for each property as prepared by the property management and leasing team.

  • Prepare annual business plan and mid-year asset management report and reforecast

  • Prepare quarterly cash flow forecast and distribution recommendations to asset managers

  • Update valuation files across portfolio annually; modify periodically to run sensitivities and develop pro-forma scenarios

  • Prepare trend analysis, expense benchmarking reports and other portfolio analysis to identify opportunities to improve portfolio and/or individual asset performance

  • Evaluate return on investment of potential value add opportunities and portfolio-wide initiatives

  • Perform ad hoc analyses and diligence support to Director of Asset Management and liaise with property management, accounting and leasing teams as well as corporate departments.

  • Assist in the analysis and negotiation of commercial leases

  • Stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market

Qualifications

  • Bachelor's Degree in finance, real estate, accounting, or related field

  • A minimum of 2-4 years of prior Asset Management, Acquisitions or Investment Banking experience required

  • Understanding of real estate fundamentals, accounting/financial statements, leasing and capital markets concepts

  • Proficient in Word, Excel and PowerPoint, required

  • Excellent oral and written communication skills

  • Outstanding quantitative and analytical skills

  • Ability to work both independently and as a team member

  • Ability to multi-task effectively

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Asset Management Analyst

Related Companies