- 2-5 years experience of professional work experience in finance or real estate industries
- Understanding of multifamily real estate, with knowledge of or desire to learn about low-income housing tax credit financing and project-based Section 8
- Analytically minded with high attention to detail while maintaining a view of the big picture issues and requirements
- Ability to operate with minimal oversight with a mindset that takes full ownership of their role and responsibilities while collaborating with the rest of the team
- Great time management skills and ability to juggle multiple tasks with competing priorities
- Exceptional proficiency with Excel
- Good presentation and communication (oral and verbal) skills
- Ability to travel to properties as needed
Asset Management Analyst/Associate - Denver, United States - Ulysses Development Group
Description
Job Description
Ulysses Development Group (UDG) is seeking an Analyst / Associate of Asset Management to join its rapidly expanding team. UDG develops, acquires, and invests in affordable housing, harnessing best-in-class practices and long-term solutions for all stakeholders and communities. This position will be based in UDGs office in Denver, CO. The successful candidate will have 2-5 years of professional work experience in finance or real estate industries. This position will be assigned a portfolio of properties and will assist with setting specific asset management objectives and goals. The Analyst / Associate is responsible for annual budgeting, financial analysis including quarterly and ad-hoc reporting to partners, oversight of capital improvement projects, support of new ground up lease ups and acquisition-rehabs, and general lender/investor reporting.
Responsibilities
Support the transition of properties from initial underwriting to asset management oversight through cross-departmental collaboration with UDGs development, financing & accounting, and construction teams
Work with property management companies to prepare property level budgets that are aligned with underwritten expectations and proformas
Implement strategies to drive property performance, execute on business plans, and strategically improve property cash flow to maximize long-term property operations and asset value
Develop a thorough understanding of each property to be able to identify opportunities for improvement
Review and analyze monthly financial reports compared to budget or proforma. Proactively work with property management companies to resolve any unfavorable variances
Synthesize and summarize both property and portfolio level information into quarterly reporting packages in coordination with UDGs Finance team for submission to internal and external partners
Forge strong relationships with property management companies to communicate expectations on a weekly basis
Analyze market trends to propose revenue and expense optimization strategies for the UDG portfolio
Experience and Competencies