Sr. Associate of Asset Management

• Location: San Fernando Valley, Unknown
• $135000 base salary
• Type: Direct Hire
• Job #1694
• Salary: $135,000 - $140,000

Title: Sr. Associate of Asset Management

Industry: Real Estate

Location: San Fernando Valley

Overview: Pacific Executive Search has been engaged on a search for a Sr. Associate of Asset Management. In this role, you will take on new responsibilities overseeing property management and collaborating closely with the acquisitions team, all while working in the vibrant San Fernando Valley. You can expect significant opportunities for career growth as you mentor junior team members and enhance your skills in financial modeling and strategic asset management.

Description:

Responsibilities

• Oversee third-party management firms and collaborate with joint venture partners and stakeholders to implement the property’s business strategy.
• Analyze monthly operating and income statements to monitor property performance against budget and market benchmarks, taking necessary actions to address discrepancies.
• Prepare and revise the annual business plan and quarterly/monthly performance reports for each property.
• Manage cash flow and profitability for each asset in the portfolio, identifying opportunities for value enhancement.
• Regularly update cash flow projections and conduct hold/sell analyses to refine refinancing and exit strategies.
• Work with the team during the budgeting process to review and approve budgets and annual business plans.
• Assist senior staff in executing exit strategies and managing the disposition process, including broker selection, negotiations with buyers and lenders, and transaction closings.
• Conduct ad hoc portfolio and asset-level analyses and reporting as required.
• Process funding requests and distributions, along with related documentation as needed.
• Collaborate with the acquisitions team on underwriting new acquisitions, providing market updates and assessing underwriting assumptions.
• Deliver regular financial updates, market research, and ad hoc reports to the team and executives as necessary.
• Support due diligence for new acquisitions by reviewing third-party reports and other relevant documentation.
• Assist expatriate employees and headquarters staff in understanding the U.S. real estate market and business practices.
• Facilitate the internal approval process for acquisitions, asset management, and dispositions by preparing necessary documentation.
• Exercise discretion and independent judgment in carrying out responsibilities, managing tasks with minimal supervision.
• Take ownership of assigned duties, driving projects from initiation to completion while ensuring accuracy and alignment with strategic goals.
• Mentor junior team members by providing strategic guidance and constructive feedback to support their integration and performance.
• Continuously assess and enhance operational processes for improved efficiency and effectiveness.
• Perform special projects and other miscellaneous duties as assigned by management.
• Maintain high ethical standards and integrity in all professional interactions.
• Communicate recurring issues and operational challenges to management promptly and with a solution-oriented approach.
• Ensure effective communication with management, office staff, and external contacts.
• Handle additional administrative tasks as required.
• Adhere to all company policies and procedures.
• Maintain a clean and safe working environment.

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business, Economics, Accounting, Math, or a related field, or an equivalent combination of education and experience.
• At least 4 years of experience in asset management, acquisitions, real estate finance, or property management; multi-family experience is highly preferred.
• Experience in an institutional environment and working with joint venture partners, lenders, and property managers is strongly preferred.
• Proficiency in reviewing financial statements, Joint Venture Agreements, Loan Agreements, and Property Management Agreements is preferred.
• Background in investment operations, including middle office, back office, or compliance, is advantageous.
• Strong analytical skills with a high level of proficiency in Microsoft Excel, including the ability to model a waterfall.
• Effective written and verbal communication skills, with the ability to synthesize information clearly.
• Critical thinking and analytical abilities to proactively anticipate the needs of others.
• Self-motivated with the ability to multitask, prioritize, and manage individual projects and workstreams.
• Certification or licenses are not required for this position.