Asset Management Associate

Description:

A Little About Us: 

Richmark is a family-owned Company dedicated to executing quality projects and initiatives that enhance communities. We strive to fulfill and live out our mission in everything we do with a commitment to family and community, entrepreneurial spirit, and fostering sustainable growth.

About Your Role:

This is an entry-level, full-time position that supports the Director of Asset Management. The Asset Management Associate enters and maintains data for reporting, commercial leases, lender requests, due diligence, and compliance, and prepares this work for the Director’s review. The ideal candidate is accurate, organized, and eager to learn real estate asset management.

Essential Duties and Major Responsibilities:  

Reporting and Dashboard Data Entry

· Enter data into quarterly and annual bank reports, investor reports, quarterly financials, the Net Economic Vacancy Report, and other reports as needed for the Director’s review.

· Update the portfolio dashboard monthly with property information and financials for all asset classes.

· Organize property tax assessments and enter assessment data into a spreadsheet for the Director’s review.

Commercial Leases, Contracts, and RealPage

· Enter new commercial tenants and lease terms into RealPage, maintain current tenant records, and confirm existing lease terms, recurring charges, and billbacks are accurate for the Director’s review.

· Enter key service contract terms and assist with implementation once contracts are approved by the Director.

· Add key lease and contract terms, such as expirations, renewal options, and notice dates, to the asset management calendar.

Lender Requests and Due Diligence

· Prepare replacement reserve requests, including invoices and required backup, for the Director’s review.

· Prepare property data and documents for lender inspections.

· Assist with due diligence for acquisitions, refinances, and dispositions by gathering documents and tracking open items.

Compliance

· Track and renew business licenses for each property before they expire.

· Coordinate energy benchmarking reports by required deadlines.

· Track other required filings, registrations, and renewals, and notify the Director of upcoming deadlines.

Assist with other duties as assigned .

Requirements:

Education:

· A bachelor’s degree in finance, accounting, real estate, business, or a related field is required.

· An equivalent combination of education and relevant experience may be considered.

Type of Experience Needed to be Successful:

· 1–2 years of experience in real estate, property management, finance, or accounting is preferred.

· Experience with RealPage or similar property management software is preferred.

Specialized Skills:

· Advanced Microsoft Excel skills, including complex formulas, lookups, pivot tables, and building and maintaining spreadsheets and dashboards.

· Proficiency in Microsoft Word and Outlook.

· Accurate, detail-oriented data entry, with the ability to check work against source documents.

· Ability to locate and understand key terms in leases and contracts, with training provided.

· Basic knowledge of accounting principles and financial statements.

· Clear written and verbal communication skills.

· Strong organization and time management skills, with the ability to manage multiple deadlines.

Compensation details: 70000-80000 Yearly Salary

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