What are the responsibilities and job description for the Real Estate Asset Management - Associate position at Gotham Organization?
We are seeking a data-driven Asset Management Associate to drive financial and operational performance across a high-volume residential portfolio. This role is a critical bridge between site-level operations and senior leadership, requiring a blend of advanced financial modeling, Yardi expertise, and an "owner's mindset" toward property management.
Primary Responsibilities
Financial Strategy & Reporting
- Budgeting & Reforecasting: Take an active role in the annual budget process and quarterly reforecasts; perform deep-dive variance analyses to identify and mitigate financial leaks.
- Executive Reporting: Compile and present "Health Reports" for the portfolio, focusing on monthly cash flows, key operational metrics, and distribution readiness.
- Income Oversight: Partner with Accounting to audit monthly income statements, ensuring accurate expense accruals and timely reclasses.
Operational Analytics & Compliance
- Revenue Optimization: Audit Yardi resident billing (Rent Rolls, GPR, and HAP subsidies) to identify and resolve discrepancies in tenant and government payments.
- Collections Strategy: Spearhead monthly arrears meetings with site teams; develop actionable strategies for high-delinquency accounts.
- Asset Life-Cycle: Maintain trackers for capital expenditures (CapEx), unit renovations, and service contract expirations to ensure long-term value preservation.
- Lease Analysis: Review retail commercial leases. Evaluate the financial impact of New Lease Proposals (NLPs) including Tenant Improvements (TI) and Leasing Commissions (LC).
Portfolio Management
- Asset Onboarding: Assist with property and portfolio takeovers, ensuring seamless data integration and operational alignment.
- Document Management: Maintain a fluent understanding of leases, loan documents, and partnership agreements (LIHTC experience is a significant plus).
Qualifications & Requirements
- Experience: 2–5 years in Real Estate Asset Management or high-level Property Management; Commercial Leasing experience is highly preferred
- Technical Mastery: Yardi Voyager proficiency is mandatory. You should be comfortable navigating complex ledgers and generating custom reports.
- Education: Bachelor’s or Master’s degree in Finance, Real Estate, or Business.
- Excel Skills: Intermediate to Advanced modeling skills (vlookups, pivot tables, and financial modeling for real estate).
- Market Knowledge: Familiarity with LIHTC compliance is highly preferred.
- Communication: Ability to hold property managers accountable while maintaining a collaborative, professional relationship.
Why Join Us?
- Scale: Exposure to a massive 8,000 unit footprint provides a unique platform for professional growth.
- Impact: This role has a direct line to the "bottom line" and is instrumental in our portfolio’s strategic expansion