Associate, Asset Management - Hoboken, New Jersey
6 hours ago
Job description
About Faropoint
Meaningful Relationships. Ownership. Curiosity. Tenacity.
Established in 2012, Faropoint is a pure play RE fund manager focusing on the last mile industrial sector. Having acquired more than 500 warehouses to date, it is the most active aggregator of warehouses in the US in the past five years. Our platform is built to harness the sector's fragmentation, operating through 7 regional offices with 120+ employees in vertically integrated teams enhanced by proprietary AI-driven tools, while benefiting from compelling fundamentals like constrained supply growth, reshoring, and e-commerce tailwinds.
Job Summary
The Faropoint Investments Team is expanding, and we are looking for an ambitious and motivated Asset Manager to cover our Northeast Region from the Hoboken NJ HQ. The ideal candidate would have 3-6 years of Asset Management experience, looking to expand their knowledge and experience to Real Estate Private Equity.
Responsibilities
- Manage industrial assets from a property/asset management perspective. This may include: tenant support, written reports, updating tech platforms, record keeping, and tenant relations.
- Maintain properties by scheduling ongoing routine maintenance. Coordinate maintenance technicians and construction management schedules. Prepare and coordinate bid proposals, service contracts, and invoices. Assist in scheduling tenants' maintenance requests.
- Prepare and code invoices for PM/AM approval. Manage and assist in accounts receivable and accounts payable.
- Assist in lease administration such as maintaining tenant contacts, tracking insurance, collections, and tracking property inspections.
- Assist in the leasing process, including market analysis, comparative analysis, and negotiations.
- Lead workflows conducting transaction analysis and due diligence for new acquisitions and onboarding new properties.
- Assist on all aspects of industrial real estate appraisals and operational budgets, including rental rates, discounted cash flows, and capital work.
- Assist with monthly and quarterly reporting to investors.
Required Qualifications
- Ideal candidate will have 3+ years of experience as a Property Manager / Asset Manager in the industrial/commercial real estate industry.
- Bachelor's Degree in Finance, Real Estate or related field.
- Proficiency in Microsoft Office including advanced Excel skills.
- Ability to give and take direction and to interface with decision makers in a professional manner while maintaining confidentiality.
- High learning agility with an ability to manage multiple priorities while working in a fast-paced and dynamic environment.
- Demonstrates attention to detail and a high level of accuracy.
- Self-starter who independently drives projects to completion by self-sourcing information and leveraging all available resources.
- Willingness to travel 10-15% of the time
- Knowledge of finance concepts including an understanding of financial statements.
- Personal and professional integrity of the highest order required.
Compensation:
This position offers a base salary in the $95,000-$130,000 range, plus discretionary bonus, competitive healthcare benefits, unlimited PTO, and a 401k match.
Equal Opportunity Employer
Faropoint is proud to be an Equal Opportunity Employer. We value diversity, and we do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, parental status, disability status, or any other status protected by local law. We believe that our work is better and our company culture is improved when we encourage, support, and respect the different skills and experiences represented within our workforce.
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