Asset Management Associate
Cobalt Recruitment
We are partnering with a well-established, growing real estate investment firm seeking a Real Estate Asset Management Associate to join its team. This is an opportunity to work closely with senior leadership and operating partners to drive portfolio performance, improve property-level operations, and maximize asset value.
The ideal candidate will bring experience across multifamily, residential, or other commercial real estate asset classes, with a strong understanding of property operations, financial performance, and market dynamics.
Key Responsibilities
- Asset & Portfolio Management: Monitor property-level performance across a portfolio of real estate assets, identifying opportunities to improve NOI, occupancy, cash flow, and overall asset value.
- Financial Analysis & Reporting: Review operating statements, budgets, forecasts, and financial performance metrics to identify trends, explain variances, and recommend improvements.
- Property Operations & Performance: Partner with property managers and operating teams to evaluate operational efficiencies, address performance challenges, and execute business plans.
- Market Research & Pricing: Analyze market conditions, competitive properties, leasing trends, and demographic data to support pricing strategies and asset positioning.
- Business Planning & Budgeting: Assist with annual budgets, capital expenditure planning, and strategic initiatives focused on maximizing portfolio returns.
- Stakeholder Management: Maintain strong relationships with property managers, operating partners, and internal investment teams to ensure alignment on asset-level objectives.
- Property Visits: Conduct regular site visits to evaluate property conditions, operational performance, and opportunities for improvement.
- Strategic Initiatives: Collaborate with acquisitions, development, and investment teams on repositioning strategies, capital improvements, and other value-creation initiatives.
Qualifications & Experience
- Bachelors degree in Finance, Accounting, Real Estate, Business, or a related field.
- 2–5 years of experience in real estate asset management, property operations, portfolio management, or a related field.
- Experience across multifamily, residential, hospitality, or commercial real estate preferred.
- Strong understanding of property-level financials, including NOI, occupancy, operating expenses, and cash flow.
- Experience reviewing budgets, financial statements, and property-level performance reports.
- Advanced Excel skills and comfort working with financial models, dashboards, and performance metrics.
- Experience with Yardi or similar real estate software preferred.
- Strong communication and relationship management skills, with the ability to work directly with operating partners and senior leadership.
- Highly analytical, detail-oriented, and comfortable managing multiple priorities in a fast-paced environment.
$100k - $120k
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