Asset Management Analyst – Multifamily Real Estate

Responsibilities

• Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and comparable property performance.
• Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performance.
• Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans.
• Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups.
• Extract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysis.
• Analyze underwriting budgets and operating assumptions for multifamily assets at acquisition and throughout the hold period.
• Support investment reporting materials, including memos, return analysis, and scenario modeling.
• Assist in due diligence processes, including review of third-party reports and financial data.
• Support the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property Management.
• Support investor reporting with asset-level performance narratives and supporting schedules.
• Assist Asset Management with hold/sell analyses, refinancing support, and business plan updates as needed.
• Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline analysis, underwriting, reporting, and workflows.
• Help develop and refine internal processes to improve efficiency and scalability.
• Identify opportunities to automate recurring analyses and enhance data quality.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, Business, or a related field.
• 1-4 years of experience in multifamily or commercial real estate — asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered.
• Strong financial modeling skills in Excel, including the ability to build and audit models.
• Familiarity with multifamily operating statements and key metrics, including NOI, economic occupancy, trade-outs, and expense ratios.

Preferred Requirements

• Exposure to AI tools for investment workflows.
• Experience with Yardi, RealPage, Entrata, or comparable property management systems.

Core Competencies

Demonstrates strong financial modeling and analytical skills, with expertise in Excel and property management systems like Yardi. Capable of conducting variance analyses, supporting budgeting processes, and leveraging AI tools to enhance reporting and operational efficiency.