Asset Management Associate

Coastal Ridge Real Estate - Columbus, OH (30+ days ago)3.9


Who We Are:
Coastal Ridge Real Estate is an entrepreneurial-spirited multifamily real estate investment firm with offices located in Columbus, Ohio, Cincinnati, Ohio and Malibu, California and apartment communities throughout the United States. Founded in 2013, our growing team of over 400 associates specialize in the acquisition, asset management, and property management of multifamily real estate. To date, Coastal Ridge’s portfolio includes more than $1.6+ billion in assets in the student housing, conventional housing, and active adult multifamily sectors. Our track record has demonstrated the firm’s ability to achieve our investor’s goals. We implement a consistent strategy anchored by steadfast investment rationale and a progressive and systematic operating platform. Coastal Ridge was honored in 2015, 2016, and 2017 as one of the Inc. 5000 Fastest-Growing Private Companies in the U.S. and was also among Columbus Business First’s 50 fastest growing companies in Central Ohio for the past three years.

Where You’ll Work:
Our corporate office is in Grandview, OH, just minutes from downtown Columbus and close to many vibrant restaurants and entertainment venues. You’ll work alongside several other corporate team members including the operations, accounting, IT, facilities, and human resources team.

What You’ll Do:
As an Asset Management Associate, you’ll participate, in conjunction with the Asset Manager, in the asset management responsibilities for a portfolio of approximately 20 assets. Responsibilities include monthly and ad-hoc property and portfolio level financial reporting and operational analysis, ongoing forecasting related primarily to an existing portfolio of multifamily real estate assets, and frequent interaction with the operations and accounting teams to drive asset performance and grow portfolio value.

Your Responsibilities:
Prepare weekly, monthly, quarterly and annual partner reporting summarizing both property and portfolio level financial and operational performance, with a primary focus on required Monthly Operations Statements.
Support Asset Manager by participating in the review of monthly financial statements provided by property management.
Prepare analysis related to maximizing revenues and minimizing expenses that lead to strategies to improve asset performance.
Provide ongoing information and analysis as requested by multiple equity partners and debt servicers as directed by Asset Manager. This includes the responsibility for directing quarterly replacement reserves submissions to lenders, ensuring accuracy of leasing reports/revenue metrics, and maintaining highly organized asset level files.
Weekly review, in conjunction with accounting, of all expenses for each asset within portfolio.
Collect market data and conduct benchmarking analysis through research platforms.
Assist in the analysis, development, and review of annual property operating budgets and business plans and provide reforecasting as necessary thereafter.
Participate in recurring portfolio level calls and provide/maintain notes internally as necessary.
Other duties as directed and assigned.

Who You Are:
A detail oriented individual. You pay attention to the small things that make a big difference. You look at information with a discerning eye to ensure its accuracy. You understand the importance of editing and proofreading your work to ensure it’s done right.
A masterful executor. You get things done. You fervently plan to meet deadlines and achieve goals. You manage tasks in a fast-paced environment with many moving pieces and stakeholders and ensure goals reach or surpass the finish line.
A supportive team player. You work effectively with others and go above and beyond to support the needs of your fellow coworkers. You are reliable and flexible and communicate effectively by communicating issues and challenges, listening, compromising, and seeking feedback.
An analytical problem solver. You visualize, articulate, conceptualize or solve both complex and uncomplicated problems by making decisions that are sensible given the available information. You keep it cool when things get crazy and approach problems with viable solutions.
An independent worker. You are self-motivated to achieve at high levels and require little day to day oversight.

Required Qualifications:
Bachelor’s Degree required with emphasis in Accounting, Finance, or Economics preferred.
0-2 years of real estate, asset management and/or investment experience.
Experience with Microsoft Office projects, especially Excel.

What We Offer:
As an Asset Management Associate, you’ll receive a competitive annual salary, annual bonus opportunities and a robust benefits package. Our benefits include your choice of three health insurance plans, voluntary dental, vision, short-term disability, long-term disability, life and AD&D insurance, Paid Time Off, paid holidays, and a 401k with 4% company match. This is a full time exempt position, reporting to the Director of Asset Management. Travel to our sites to assist in acquisition due diligence, operational asset onboarding, and local asset management visits to develop professional growth and education can be expected 10-20% of the time.