Asset Management Analyst

Opportunity

The asset management team oversees all asset-level decisions. This team sits at the center of our investment management and property management teams, serving as leaders and collaborators with every function throughout the organization. The team seeks a highly motivated individual to drive the group’s strategic initiatives, monitor financial performance and oversee property operations.  

This position will work with LMFM’s Emerging Manager Preservation Fund platform which consists of five joint ventures with assets in NYC, Michigan, Maryland, Virginia, and North Carolina. 

Responsibilities & Job Requirements:

• Collaborate with joint venture fund partners to monitor portfolio asset performance.  Evaluate asset and portfolio level performance, with comparative analyses to annual budget, pro forma, previous operating history, and any other metrics as requested by management

• Review and update financial underwriting models to project investment performance, develop value enhancement strategies, and support execution of asset financings and dispositions

• Prepare rent and sales comp analysis to benchmark property performance and inform asset business plans.  Maintain market research on supply/demand, demographic profiles, and economic drivers
• Research and analyze various operational improvement opportunities to develop asset optimization strategies

• Compile and abstract information from transaction, property management and asset management documentation to prepare informative memos and presentations and inform financial analysis
• Assist in annual budget preparation and approval process
• Create, update, and/or review asset fair market valuations and fund level performance models

• Prepare asset, portfolio and fund level reports for senior management and investors
• Coordinate with accounting/finance team on financial reporting and management including capital call and distribution management
• Assist with investor and compliance reporting and information requests
• Assist with preparation and coordination of fund partner and investor meetings

Experience, Education & Skill Requirements:

• Bachelor degree required, real estate, business or urban planning preferred
• 1-3 years of real estate investing experience, specifically with the underwriting and asset management of multifamily properties
• Real estate private equity or fund background preferred
• Experience with affordable housing programs preferred
• Strong financial modeling skills and proficiency in Microsoft Office Suite
• A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines
• Self-motivated and proactive with an established track record of working effectively and independently
• Excellent interpersonal and communication skills (oral and written)
• Strong organizational skills and attention to detail