Cushman & Wakefield - Asset Management Analyst
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Location
New York, NY
Description
Responsible for supporting a team of asset management professionals managing a portfolio of real estate assets across the United States & Canada for multiple third-party clients.
Job Description
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Analyze new and renewal lease proposals utilizing NPV concepts and discounted cash flow models
Prepare property level & portfolio level cash flow projections to determine the impact on value, cash flow and performance as a result of changes in market conditions (rental rates, downtime, tenant procurement costs, capitalization rates), the impact of proposed capital improvement projects, etc
Assist in leasing/tenant review process including credit agency reports, reference checks, and financial/operating history
Participate in lease negotiations with asset manager and become familiar with major lease terms in order to be comfortable recommending negotiating strategies
Collaborate with the asset manager on the development of annual and multi-year business plans that meet the short and long-term goals of ownership
Assist in the production of monthly, & quarterly reports to ownership that provide status on all major property operations
Assist in the production of collateral materials for client, internal management and asset management presentations and marketing
Work with the property and leasing teams to ensure that all client financial and leasing data is updated in the relevant systems in a timely and accurate manner
Drive the development of due diligence reports for potential acquisitions for existing clients
Assist in responding to new client RFP’s and developing content for new client presentations
Support the implementation of all new Asset Management technology tools which will include scoping requirements, attending product demonstrations, and testing of key features prior to planned system roll-out
KEY COMPETENCIES
Customer Service Focus
Organization skills
Time Management skills
Communication Proficiency (oral and written)
Initiative
Multi-Tasking
Sense of Urgency
Experience & Knowledge/Skills Required
Bachelor’s degree in business, finance, accounting, or economics. MBA or Master’s in Real Estate preferred
Minimum of 2 years’ experience in Real Estate with a proven track record of involvement in successful real estate transactions across multiple property types
Current knowledge of industry trends in real estate and development, and a natural desire to understand specific market characteristics; experience of commercial real estate analysis/asset management with an emphasis in all some or all major assets sectors (office, industrial, retail, multi-family)
Proficiency in all major real estate software products including: Yardi, Argus, VTS, RCA, CoStar; and presentation software including: PowerPoint & EnDesign.
Outstanding verbal and written communication skills with emphasis on report writing and presentation development
Ability to manage conflicts and create positive outcomes
Resourcefulness
Advanced business acumen
Strong attention to detail
WORK ENVIRONMENT
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Regularly required to travel outside between properties in varying weather conditions.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee may need to travel from floor to floor, climb stairs, and may be required to travel outside between buildings in varying outdoor weather conditions. The employee may also be regularly required to remain in a stationary position (sit or stand) for 85% of the time; regularly use hands to operate office machinery and regularly required to walk, talk, and hear.
Other Duties
This job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Note: This job description includes the core responsibilities for C&W. These duties may have slight modifications based on the regional location.
Cushman & Wakefield provides equal employment opportunity. Discrimination of any type will not be tolerated. Cushman & Wakefield is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other characteristic protected by state, federal, or local law.