Candidates

Senior Asset Management Analyst

San Diego, CA

A private real estate investment and operating company focused on acquiring value-add and core plus assets in the Western United States is looking for a technical Senior Analyst, Asset Management to join their team and manage the portfolio from a technical perspective, along with reporting and business plan creation. This role will have a direct line of communication with the CEO and work closely with acquisitions and capital markets.

Responsibilites

Asset Management

• Evaluate potential acquisition opportunities by assembling financial models, assist in the preparation of investment committee memos and conducting thorough market and property specific research

• Conduct market research to forecast and analyze real estate trends in target metro

• Maintain portfolio Argus models with leasing updates, expense and capital budgets, and reimbursement changes

• Provide support to leasing teams by conducting sensitivity analyses and comparing against original acquisition underwriting

• Manage the Annual Budgeting Process by coordinating with Property Management, Property Accounting, Asset Management Department

• Set and create Budget Process schedule and deadlines for all departments involved

• Receive the budget expenses for each property in the portfolio and critically examine them for correctness, accuracy and completeness.

• Maintain the revenue section by updating the tenant records as leases and renewals are signed throughout the year

• Provide Property Management budgeting guidelines for Corporate and Accounting Expenses

• Provide variance analyses for budgeted expenses against prior year historical expenses

• Prepare the final budget package for submittal to JV Partners and Lenders

• Track and report on the performance of the asset, against both budget and various business plan milestones

• Maintain quarterly cash flow forecasts for each property

• Perform financial statement and operating statement analysis including the review, update, and analysis of cash management, and property valuations and the preparation of associated reports

• Monitor loans for covenant compliance

• Highly developed analytical skills including the ability to create complex spreadsheets and financial analyses

• Proficiency in analyzing property operating statements, rent rolls, and borrower financial statements and in modeling complex financial scenarios

• Prepare monthly, quarterly, and ad-hoc reports on the portfolio including preparation of written approval memos for review by senior management. (Strong writing skills a must)

• Manage and maintain Property Management and Accounting Master Forms

Lease Administration

• Point of contact for all lease data base system requests and reporting

• Plan and manage CAM reconciliation process to ensure timely and accurate reconciliations

• Prepare initial package for distribution to property managers and review all final reconciliations, including the lease and financial information, for accuracy and completeness

• Oversee the Lease abstraction process including abstraction of leases potential acquisition properties

• Oversee Rent Roll approval process

• Oversee the Tax appeal process and preparation of documentations as requested by Tax Consultants

• Notice of Lease Terms/Commencement Date document review

• Notify Property Management of expiring leases in Yardi on a monthly basis

• Move Tenant out of Yardi and prepare final CAM Bill

Miscellaneous

• Main Yardi Support person for any user issue arising from the Yardi Accounting Software

• VTS liaison for newly acquired property/annual invoice review/any VTS-Parallel Website related issues/new user set up/access requests, etc.

• Train new employees on the Accounting Software and Company procedures and policies

Requirements

• 5 years of commercial real estate analysis and or/lease experience

• Experience with Yardi software

• Familiarity with abstracting leases

• Argus experience would be a plus