Senior Analyst/Associate, Asset Management at AIR Communities in Atlanta, GA, United States

Job description

• AIR is seeking a Senior Analyst or Associate, Asset Management to support the Georgia/Carolina/Tennessee portfolio. The Associate will be based in either Atlanta or Chicago (with a preference for Atlanta) and will aid in maximizing the value of the company’s sunbelt assets.

Responsibilities

• Assist with oversight of a portfolio of assets, identifying the economic viability and capital-markets outcome opportunity for each
• Collaborate with various internal teams, and as applicable third-party operating partners, to optimize portfolio performance
• Prepare the asset strategy review (business plan) for assigned assets and assist in guiding the asset and operating team through the plan
• Prepare underwriting for property valuations, dispositions, & hold/sell analyses
• Provide analytical support in understanding all critical aspects of the asset’s investment positioning, including proactively solving for any obstacles that might hinder a sale such as JVs, ground leases, commercial components, tax considerations, and others
• Participate in property visits and market tours to build operating relationships and gain expertise in submarket dynamics
• Assess capital needs and work with capital team to develop a long-term plan that aligns with the business plan
• Assess repositioning & unit upgrade opportunities, model the impact to investment outcome, and work with various internal teams to ensure success of said programs
• Participate in the development of annual operating and capital budgets to align investment strategies and objectives
• Support as needed on acquisition underwriting, providing market and leasing assumptions and participating in other due diligence activities, as necessary
• Active participation in local industry organizations is encouraged.
• Maintain an extensive network of industry relationships to stay current on regional and local market trends
• 20-25% travel required

Requirements

• Bachelor’s degree, preferably in Business, Finance, Real Estate, or other relevant area.
• 3 - 5 years of real estate investment experience, supporting either FPA, Investments, or Asset Management
• Familiarity with the general principles of real estate finance, including operations and analysis, budgeting, financial reporting, cash management, general accounting, and NPV/IRR analysis.
• Effective communication skills, both verbally and in writing
• Strong interpersonal, communication, and listening skills to build strong working relationships with all levels of management and across functional teams
• Ability to understand and interpret quantitative data, trends, and market reports
• Understanding of multifamily operations, value-add opportunities, market knowledge, and competitor positioning
• Solutions-oriented, motivated, team-player that thrives in a fast paced, dynamic environment with multiple and evolving priorities and deadlines
• Strong real estate intellectual curiosity – the position offers tremendous opportunity for growth!

Skills

Required

• Real estate finance principles
• Budgeting
• Financial reporting
• Cash management
• General accounting
• NPV/IRR analysis
• Quantitative data interpretation
• Market analysis

Benefits

• AIR offers attractive total compensation packages designed to recognize and reward performance at the individual, team and company levels. We start with a competitive base salary and add bonus opportunities and benefit choices topped off with:
• Expected base salary of $90,000-$110,000. You will be provided a pay rate that is in line with your skills and experience as they relate to the requirements of the job.
• Base salary plus annual bonus.
• 25% Rent Discount available
• Medical, dental, vision, and life insurance options available. HSA with company sponsored contributions, FSA (traditional and dependent care FSA).
• Short and long-term disability paid by the company.
• 401(K) plus company contributions.
• Paid Vacation, 14 Paid Holidays, and Paid Sick Time.
• Tuition Assistance Program.
• Commuter Benefits and Pet-Insurance.
• Up to 100% Reimbursement on Professional Certification/Licensing for Job Related Curriculums.
• Paid parental leave of up to 16 weeks, following the birth or adoption of a child.
• Consumer discounts from various products and services including travel planning, wireless phones, health and fitness, home appliances, and more.
• 15 hours of paid time annually to give-back to your community.
• Opportunities for professional development and career growth including realistic job previews, in person and virtual leadership training, and performance improvement courses.