Junior Asset Manager

Responsibilities Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals Provide monthly budget variance commentary on all assigned projects to the internal management team. Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing/approving third party contracts, rent increases, non-budgeted large expenditures. Participate in the annual budget review process by preparing operational trend to budget analysis. Assist with the year‑end financial audit review to ensure accuracy of the accounting data. Maintain and update project summary data and financials MRI internal reporting software. Work closely with Property Management, Asset Management and Development. Carry out periodic on‑site inspection property visits to evaluate physical condition of property. Provide feedback to Property Manager as needed. In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conducting property inspections. Identification and analysis of under‑performing assets, and preparation and implementation of proactive operational work‑out strategies. Maintain and track reporting requirements for all syndicators, investors, and financial institutions. Perform other duties as assigned by VP Finance or other senior management staff. Keep senior management regularly informed regarding the asset performance. Qualifications and Education Requirements Four‑year college degree in Accounting or Finance or related field Proficiency in Microsoft Office (proficient in Excel & Word). #J-18808-Ljbffr