Sterling Group - Mishawaka, IN
posted 2 days ago
About the position
As an Asset Manager at Sterling Group, you will play a crucial role in the preparation of monthly, quarterly, and annual reports for the Executive Leadership Team and joint venture partners, providing recommendations to preserve, enhance, and maximize asset value. You will identify and implement strategic initiatives within your assigned portfolio, collaborating with internal teams and external parties to improve processes that increase revenue, reduce operating expenses, and enhance overall asset performance. Your responsibilities will include analyzing financial data against budgets and benchmarks, supporting daily operations, maintaining Return on Investment reports, assisting in budget preparation, and conducting market research to stay updated on industry trends. You will also support development activities and acquisitions through financial modeling and analysis, while ensuring compliance with applicable laws and company policies.
Responsibilities
- Assist in preparation of monthly, quarterly, and annual reports to the Executive Leadership Team and joint venture partners with recommendations to preserve, enhance, and maximize value.
- Identify and implement strategic asset level initiatives within assigned portfolio.
- Work with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and enhance the overall performance of the asset(s).
- Analyze and maintain financial data and operating reports against budgets, underwriting and other financial benchmarks.
- Regularly perform various functions associated with supporting daily operations of the business, including monitoring, reporting and proactive problem solving of issues that arise at assets within the assigned assets.
- Maintain Return on Investment reports on Value-Add portfolio.
- Assist in the preparation of annual budgets for each asset within the portfolio.
- Assist with the due diligence process for new acquisitions and dispositions.
- Remain up to date on submarket and industry trends. Conduct market research and analyze market data including market occupancy, rental rates, demographics, competitor positioning and economic information.
- Assist Vice President of Asset Management, working with the Project Management and Facilities teams to ensure capital renovation projects are progressing according to budgets and report on routine basis with ownership and investment partners.
- Maintain, update, and analyze Capex reconciliation and all other operational trackers.
- Assist VP of Development in new market data collection and review, providing comprehensive reports prior to development, pertaining to rent-income levels and related activity such as concessions, incentives, vacancy and other income in respective markets.
- Support Sterling's development activities and Acquisitions in the areas of financial modeling and analysis.
- Perform all other tasks as assigned.
Requirements
- Bachelor's degree in real estate, finance or accounting
- Minimum three years real estate analysis experience
- General understanding of real estate principles including modeling, financial concepts, market data collection and other activities.
Nice-to-haves
- Advanced degree and/or licensing preferred
Benefits
- Medical
- Dental
- Vision
- Flexible Spending Account
- Group Life Insurance
- Voluntary Life Insurance
- Short Term Disability
- Long Term Disability
- Supplemental programs
- 401(k) Retirement Savings Plan
- Employee Assistance Plan
- Paid Time Off
- Paid holidays
- Volunteer time
