Asset Management Associate

Department: Asset ManagementReports To: Senior Vice President, Portfolio ManagementFLSA Status: ExemptPURPOSE OF POSITIONThe Associate, Asset Management supports the performance, reporting, and strategic execution of Carr Properties’ portfolio of office and multi-family assets. This position works across leasing, financial reporting, budgeting, valuation, and investment decision-making, and is responsible for producing accurate, decision-ready analyses and materials for executive leadership, the Board, Operating Committee, FP&A, and other stakeholders. The role requires strong analytical ability, attention to detail, sound judgment, and the ability to manage recurring deliverables in a deadline-driven environment.ESSENTIAL DUTIES & RESPONSIBILITIESCollaborate with asset management, leasing, accounting, FP&A, property management, construction management, legal, external appraisers, brokers, and senior leadership to ensure timely and accurate outputs.Perform lease and deal-level underwriting, including comparison to original underwriting, evaluation of value accretion or dilution, and net effective rent analysis.Assist in preparation and strategy development of annual Asset Strategy Reviews (including IRR/NPV hold period analysis)Support semi-annual valuation processes by organizing source data, reviewing appraisal models, analyzing value changes, challenging assumptions, and documenting review procedures in accordance with internal control and audit requirements.Coordinate lease-execution workflows by updating trackers and models, calculating broker commissions, and routing supporting documentation through required approval channels.Assist in the preparation of annual business plans and budgets by updating lease assumptions, coordinating with internal teams, and reconciling assumptions across systems and reporting materials.Monitor portfolio and market activity, including lease rollover exposure, known vacates, market leasing assumptions, and competitive conditions, and incorporate these inputs into reporting and recommendations.Assist in preparing quarterly board package, including maintaining and validating key reporting files and models, including occupancy trackers, Argus working models, leasing trackers, commission trackers, and capital spend workbooks.Primary departmental liaison with development and implementation of IT initiativesMaintain organized workpapers, analyses, and correspondence to preserve continuity, auditability, and institutional knowledgeIdentify inconsistencies, surface risks, and escalate issues that may affect valuations, leasing economics, budget assumptions, or executive reporting.ESSENTIAL KNOWLEDGE & SKILLSStrong understanding of commercial real estate asset management, including leasing economics, valuation methodology, discounted cash flow analysis, budgeting, and portfolio reporting.Strong written and verbal communication skills. Basic presentation skills (and a strong aptitude for development in this area) will be critical to advancementAbility to manage multiple priorities and recurring deadlines in a fast-paced, deadline-driven environment.Strong judgment, problem-solving ability, and attention to detail.Collaborative mindset and ability to work effectively across functions and with internal and external stakeholders.Advanced Excel skills, including financial modeling, data organization, tie-outs, and use of linked workbooks and standardized templates.Working proficiency in Argus Enterprise.Strong computer skills, including fluid knowledge of PowerPointAbility to leverage AI tools to increase efficiency and productivityAbility to recognize the needs and concerns of customers and co-workersAbility to work within set standards and procedures; receive guidance and supervision; follow work rules and safety and security practicesDemonstrate high levels of creativity and energyEDUCATION & EXPERIENCEBachelor’s degree required, MBA is a plusStrong financial background, preferably with 2+ years of experience in commercial asset management and/or acquisitions of institutional quality office buildings, with experience in property operations, lease documentation, underwriting, due diligence, financial management and reporting.BENEFITS/COMPENSATIONCarr Properties is committed to providing our associates with a comprehensive and competitive pay and benefits program. The anticipated total compensation for this role is up to $113,000 based on experience. Our benefits include:Health, Dental & VisionShort & Long-Term DisabilityLife InsuranceFlexible Spending Accounts for Health & TransitMaternity & Parental Bonding LeaveEmployee Assistance Program401 (k) with Immediate Vesting & Matching ContributionTuition Assistance & Professional DevelopmentGenerous Paid Time Off & HolidaysEmployee Referral BonusCarr Properties is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or veteran status. #J-18808-Ljbffr