Associate, Development & Asset Management

Role Description MFA is looking to add a team player to its asset management and development staff in San Francisco. This position reports to the Vice President, Development & Asset Management and is responsible for gathering and analyzing data, and preparing financial analyses, budgets, and reports to support the investment in and management of both operating assets and those in development. Responsibilities Asset Management Financial Modeling: Prepare and maintain property cash flow models in Excel to support budgeting, valuation and investment decision making. Prepare and maintain investment models to calculate investment returns and cash flow waterfalls. Budgeting: Participate in the annual budgeting process. Review materials prepared by operating partners and property managers. Prepare summary schedules. Help prepare asset management plans for presentation to senior management. Leasing: Gather and analyze market data to understand each property’s position in the market. Support asset managers to ensure properties are competitively priced relative to their competitive set. Prepare leasing tracking reports for properties in lease‑up. Prepare net effective rent calculations to evaluate retail leasing proposals. Condo Sales: Prepare demographic analysis and summary schedules to report on condominium sales progress. Dispositions: Provide assistance to asset managers on dispositions, as requested. Gather and organize property information; help prepare materials for pitchbooks and deal rooms; help evaluate purchase offers, etc. Valuation: Gather and organize materials used to support property valuations. Interface with third‑party appraisers and brokers, responding to questions. Lender Reporting: Assist with requests related to lender reporting, such as preparing cash flow projections to ensure compliance with DSCR and LTV covenants. Property Tax Appeals: Gather property information for tax certiorari attorneys to assist with real estate tax appeals. Review and understand the terms of any special tax agreements in place on assigned assets. Property Inspections: Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds. Attend industry events to learn about innovative technologies, market trends, etc. Development Underwriting and analyzing potential development deals and capital improvement projects. Preparing investment briefs and related support material. Gathering and evaluating economic, demographic, and real estate market data. Providing support for due diligence and financing activities. Overseeing monthly reporting, quarterly reforecasting, and annual budgeting. Preparing and maintaining Argus and Excel models. Tracking and monitoring budgets and preparing variance analyses. Qualifications Familiarity with commercial and residential real estate analysis. Strong proficiencies in financial modeling using Excel and Argus Enterprise. Independent and self‑motivated, but able to function well in a collaborative environment. Ability to communicate clearly and concisely. Strong research and presentation skills. Well organized with attention to detail and accuracy. Bachelor’s degree, with a concentration or significant coursework in real estate. Compensation Competitive salary commensurate with experience. 100% company‑paid benefits, which include medical, dental, vision, life insurance, short‑ and long‑term disability; 401(k) savings plan with company match; and paid holidays, vacation, sick and personal days. #J-18808-Ljbffr Mitsui Fudosan America