Asset Management Associate

Bullpen, on behalf of our client, is looking for an Asset Management Associate to add to a growing & thriving team. This role will be responsible for supporting the senior members of the Asset Management team, overseeing the operations and financial health of assigned portfolios, and analyzing internal and external reports to inform business decisions. Key Responsibilities Operations Oversight Manage daily operations of a portfolio consisting of 2,000+ units. Conduct site visits, build trust with onsite teams, and set clear expectations. Monitor incident reports and communicate with insurance agents to mitigate losses. Lead weekly operations calls with third-party property managers. Utilize internal reports to inform portfolio business decisions. Coordinate lender inspections and ensure timely completion of required repairs. Track compliance-related metrics and ensure timely deliverables. Review monthly financial statements, identify variances, and ensure proper accounting adjustments. Approve major operational expenses outside of budget. Monitor operational cash balances and notify the Director of any potential shortfalls. Analyze market rents and approve rent changes and concession offerings. Reporting & Analysis Review third-party operations reports, flag trends, and provide actionable insights. Develop action plans for distressed assets and monitor performance. Provide variance notes and insights for the monthly Summary of Asset Performance (SOAP) report. Serve as the primary contact for ad hoc reporting requests. Budgeting & Business Planning Conduct capital walks in preparation for the annual budgeting process. Review portfolio budgets, verify assumptions, and provide recommendations. Develop business plans based on budget projections. Present budgets and business plans to the Director of Asset Management. Investor Relations Review data and write narratives for quarterly investor reports. Participate in investor reporting reviews with senior management. Key Performance Indicators (KPIs) Year-over-year Net Operating Income (NOI) % increase for stabilized assets. Net distributable cash flow variance to budget. NOI variance to budget. Annual economic occupancy >96% for stabilized assets. Annual delinquency as a % of total rents charged. Skills & Qualifications Bachelor's degree required; Real Estate, Finance, or Business preferred. 5+ years of multifamily operational experience preferred. Experience in affordable housing operations and compliance is a plus. Valid driver’s license and ability to travel to properties as needed. Proficiency in Excel, with the ability to build new reporting templates. Strong ability to analyze income statements and identify financial trends. Excellent communication skills, capable of addressing issues in real-time. Strong business writing skills, particularly for investor reporting. Alignment with company values of authenticity, proactivity, collaboration, and respect. Seniority level Associate Employment type Full-time Job function Other #J-18808-Ljbffr Bullpen