Asset Management Associate

Asset Management Associate

MBK Real Estate (MBK) is an industry leader in real estate operations and development. Through its subsidiaries, MBK Rental Living, MBK Industrial Properties and MBK Senior Living, MBK Real Estate is renowned for building award-winning new home and apartment communities, state-of-art distribution facilities and for its reputation in providing exceptional high standards of service throughout its senior living communities.

MBK is a privately held real estate development firm with roots in the business dating back to 1996. MBK's extensive activities through its operating divisions, along with the size and scale of our development and building activities represent the continuation and commitment to American enterprise.

Job Description

MBK Industrial Properties is hiring an Asset Management Associate for our Irvine, CA headquarters. The position would be hybrid (3 days in-office/2 days remote)

Job Summary:

The Asset Management Associate position supports the MBK Industrial Properties (MIP) team by providing accurate, data-driven financial analysis to inform decisions related to operational and leasing strategy, asset performance, and investment forecasting. This role is responsible for maintaining and updating pro forma models, collaborating across departments to assess variances, and delivering insights that support MIP's overall investment strategy. This position is critical for ensuring that both asset and portfolio-level financial data are reliable, well communicated, and aligned with MIP's business objectives.

Duties & Responsibilities:

• Lead the MIP Asset Management team's preparation and maintenance of quarterly pro forma reforecasts for existing assets and development projects located throughout the United States.
• Collaborate with Development, Accounting, and Financial Analysis teams to reforecast returns (on a quarterly or as-needed basis) based on current market leasing assumptions, projected development/TI/LC costs, and actual monthly income and expense data. This includes helping generate variance reports against the original investment committee pro forma and working with MIP's internal teams to explain any material variances.
• Prepare pro forma scenario analysis, including but not limited to prospective leases and built-to-suit opportunities, speculative tenant improvements, potential refinancing and hedging, hold-sell analysis, and other requests as needed.
• Understand and track industrial real estate market information (competition, sale and lease comparables, absorption figures, cap rates, etc.).
• Maintain a library of supporting documentation of market data and property information used in MIP's pro formas and valuation models.
• Contribute information and analysis to the monthly, quarterly, and annual management reports provided to the MIP executive team and investors.
• Review and understand leases, loan documentation, fund documentation, and other pertinent information to accurately model their financial impacts on investment pro formas and valuations.
• Perform other duties or special projects as assigned or requested by the Asset Management and/or MIP Executive Teams.

Education and Licenses/Certifications Requirements:

• Bachelor's degree in Finance, Accounting, Business, Economics, or a related field, required.
• Master's degree preferred.

Experience Requirements (in years):

• 5+ years of institutional-level experience as a senior analyst/analyst in the commercial real estate industry, preferably with exposure to industrial assets.
• Strong financial modeling skills with advanced proficiency in Excel and Argus; ability to build and maintain complex pro forma models and waterfalls.
• Proven ability to analyze leases, loan agreements, market data, and financial reports to support investment decisions.
• Highly organized and detail-oriented, with the ability to manage multiple priorities in a fast-paced environment.
• Effective communicator with the ability to present financial insights clearly to both technical and non-technical audiences.
• Collaborative team player with a proactive, problem-solving mindset.

Required Competencies :

• Strong technical skills, including proficiency in Microsoft Office Suite applications and experience operating office equipment.
• Data analytics skills, including Power BI, Power Query, Power Pivot, Pivot Tables, Dynamic Dashboards, and SQL experience, preferred.
• Argus Enterprise certification and Yardi experience preferred.
• Must have excellent written and verbal communication skills, including the ability to speak, write, and read English, and must be comfortable with speaking in public settings and presenting to small groups.
• Must possess strong organizational, problem-solving, and time management skills.
• Ability and willingness to work independently without day-to-day oversight and supervision.

Physical Demands & Work Environment:

• Must be mobile and able to perform the physical requirements of the job, including walking, bending, kneeling, squatting, pulling, reaching overhead, and repetitive motion.
• Ability to move intermittently throughout the workday and between departments.
• Ability to lift and carry up to 30 pounds and push up to 20 pounds, as necessary.
• Ability to sit and work at a computer for prolonged periods.
• Ability to travel up to 5%.
• Reasonable accommodations will be provided in accordance with applicable federal, state, and local laws.

Salary: $140,000-$150,000 + Bonus

We offer a rich benefits package comprising of the following: competitive salaries with opportunities for growth; 401(k) retirement plan with up to 4% employer matching; comprehensive industry leading medical, dental and vision insurance; company-provided life, disability and AD&D insurance; flexible spending accounts, generous paid time off including vacation and sick time, holidays, and bereavement leave; and a variety of programs including leadership development, training, and personal coaching; education loan assistance and scholarships; daily living, financial and legal services; childcare and eldercare assistance; employee discounts; and health and wellness resources that include virtual yoga, mindfulness, and financial readiness for employees and their family members.

If you are ready to meet the challenges of this critical role, we want to hear from you!

MBK is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, genetic information, or other protected reason. Our company is committed to providing access, equal opportunity and reasonable accommodation for qualifying individuals in employment, its services, programs, and activities.