What are the responsibilities and job description for the Multifamily Asset Management Analyst position at Blt Management LLC?
Job Title: Multifamily Asset Management Analyst
Location: Stamford, CT, in-office
Company Overview:
Building and Land Technology “BLT” is a premier vertically-integrated real estate firm with focuses on development and management of multifamily properties. We are committed to creating exceptional living experiences for our residents through innovative property management and development strategies.
Position Overview:
We are seeking a detail-oriented Multifamily Asset Management Analyst to join our team. The ideal candidate will have a strong background in real estate analysis, financial modeling, and market research. This role will support asset management, development and acquisitions within the portfolio by providing insights and analysis on multifamily properties and markets.
Key Responsibilities of the Multifamily Asset Management Analyst:
- Monitor, analyze, and report the financial performance of the multifamily portfolio.
- Participate in the management of development projects including financial modeling, asset management, budgeting, financing, pricing, and lease-up.
- Conduct financial modeling such as cash flow projections, occupancy projections, underwriting, and valuations using Microsoft Excel.
- Organize and participate in the preparation and review of annual property operating budgets and business plans.
- Track, maintain, and update sales and rent comparable databases.
- Perform macro and micro market research, which may include site visits.
- Prepare disposition memorandum for institutional counterparts.
- Interface with lenders, equity partners, legal, and other third-party vendors.
- Participate in property calls with partners, third-party managers, and leasing agents.
- Prepare and present investment memorandums and reports to senior management and investors.
- Monitor and report on the performance of existing assets, including financial performance and market conditions.
- Collaborate with other members of the asset management team to develop and implement strategies to optimize property performance.
- Maintain and update the database of market and property data.
- Assist in the due diligence process for new acquisitions and developments.
Qualifications of the Multifamily Asset Management Analyst:
- Bachelor's degree in Finance, Real Estate, Economics, or a related field.
- 2 years of experience in real estate analysis, preferably in the multifamily sector.
- 1 year experience within asset management.
- Proficiency in financial modeling and analysis using Excel.
- Strong analytical and research skills.
- Excellent written and verbal communication skills.
- Ability to work independently and as part of a team.
- Attention to detail and strong organizational skills.
Benefits Offered to the Multifamily Asset Management Analyst:
- Competitive Salary with Potential for Bonus
- Medical Insurance
- Dental Insurance
- Vision Plan
- 401k Plan
- Life Insurance
- Paid Vacation
- Paid Sick Leave
- Paid Holidays
- Tuition Reimbursement
- Housing Discount at BLT Owned Properties
BLT is an equal opportunity employer. Please note that this job description is intended to outline the general nature and key responsibilities of the role. It is not a comprehensive list, and duties may evolve over time based on business needs.