Asset Management Analyst

ABOUT US:

Our client is a premiere real estate developer based in Manhattan that is looking to bring on an Asset Management Analyst in a newly-created role given a new project in Brooklyn. Position will be a mixture of onsite at property in Brooklyn and NYC HQ.

RESPONSIBILITIES

Monitor and oversee property operations in collaboration with the Regional Property Manager to ensure the achievement of targets.
Key operational aspects include occupancy, leasing, unit turnovers, violations clearance, collections, subsidy terminations, and work order completion
Formulate and implement plans to secure increases in rental subsidies, working closely with property management staff to execute these plans effectively
Collaborate with maintenance staff, vendors, and expeditors to address violations from HPD, DOB, ECB, and FDNY
Work alongside the in-house Construction Management team to develop capital improvement plans
Ensure properties adhere to all local laws and are prepared for mandated inspections
Conduct regular site inspections to evaluate property conditions, ensuring maintenance and repair work aligns with our standards.
Verify the creation of work orders and completion of identified deficiencies
Actively oversee controllable expenses for each property, providing commentary on actual versus budget variances and contributing to the development of annual budgets
Propose value-add initiatives for each property and collaborate with project team members to establish investment objectives
Review contracts and engage in negotiations with contractors, vendors, and consultants as necessary
Support team members in developing cash management forecasts to incorporate real-time operational updates into the forecasts

QUALIFICATIONS

2 + years experience working in multifamily real estate
Proficiency in Excel and PowerPoint require
Excellent written and verbal communication skill
Driven to identify project priorities independently
Ability to manage multiple time sensitive tasks at once

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