Asset Management Associate

Waterford Property Company is an owner-driven real estate investment and development company focused on acquiring and developing Affordable and Workforce housing projects. With over $3B of transaction volume since being formed in 2014, Waterford prides itself on its ability to plan/build/reposition unique real estate projects that meet or exceed the needs and desires of local stakeholders while maximizing the risk-adjusted returns for our investors. The Asset Management Associate will be focused on the multifamily division and assist with the day-to-day operations and the long-term performance of the 6,000-unit portfolio in California and Texas. The ideal candidate has a bachelor’s degree in addition to at least 1-2 years of experience preferably within multifamily ownership operations or property management. Position Summary: Support the Asset Management Team to understand and help resolve operational issues that impact or improve property performance by maintaining detailed property level reports. Produce and maintain weekly, monthly, and quarterly reporting of individual property and portfolio performance, including comparable market data and demographics for internal review with principals. Assist the Asset Management Team in the execution of all capital expenditure and construction assignments which include design, budgeting, and contractor coordination. Support the team in the review, creation, and execution of property budgets to meet specific revenue, operating expense, and capital expenditure goals. Liaison with property management, debt providers, vendors, and contractors to meet specific property goals, to manage risks and evaluate cash flow improving opportunities. Interface with the Accounting Department to assist with maintaining compliance relating to property regulatory requirements, project budgets and forecasting. Participate in due diligence and closing activities. Lead preparation of internal and external presentations. Work on special projects as assigned. Qualifications: Bachelor's degree required with a concentration in real estate, finance, business, or accounting. Preferably 1-2 years of professional experience working within real estate operations or multifamily property management. Well-versed in Microsoft Office Suite with an emphasis on Excel, Word, and PowerPoint. Proficiency in creating financial models for real estate financial analysis using Excel. Excellent writing skills and PowerPoint presentation preparation. Strong analytical, quantitative, and communication skills. Basic understanding of financial statements, use of comparative data and financial forecasting. Ability to work in a challenging, fast-paced environment and handle multiple projects at the same time including travel on an as-needed basis. Accuracy and attention to detail is critical. Willing to question assumptions, demonstrated passion for continuing education, and has a strong interest in the built environment. Integrity and collaboration are key. Compensation/Location/Timing: Competitive Salary with Bonus potential Healthcare Benefits will be offered Hours: M-F 8am to 5pm Location: Work will take place mostly from our Newport Beach office but with the ability to work from home with approval when needed #J-18808-Ljbffr Waterford