Private Equity Associate - Asset Management Private Equity Associate - Asset Management …

Selby Jennings
in San Francisco, CA, United States
Permanent, Full time
Last application, 14 Oct 21
Negotiable
Selby Jennings
in San Francisco, CA, United States
Permanent, Full time
Last application, 14 Oct 21
Negotiable
We have been engaged with a Real Estate Private Equity firm with about 20B in AUM who is looking for an Associate for their Asset Management Division. This Associate will work closely with the Portfolio, Asset Management and Acquisition Team. Industrial, office, residential and retail property types will be analyzed and monitored.

Responsibilities:

  • Prepare preliminary internal asset valuations, using a discounted cash flow and/or direct capitalization approach, for Investment Committee review and participate in internal quarterly valuation meetings. This may include quarterly equity valuations for the Fund's joint ventures to ensure accounting is accurately reflecting asset's fair market value. This requires knowledge of joint venture waterfall calculations in Excel.
  • Coordinate quarterly asset appraisal process with third party appraisers, review quarterly appraisals for accuracy and provide feedback to appraiser.
  • Prepare quarterly portfolio-level client reports including review and understanding of rent rolls, leasing, returns, operating statements, legal matters and capital expenditures.
  • Review and analyze quarterly operating performance of owned assets and report to portfolio and asset management of major income or expense variances.
  • Interface with leasing/sales brokers, property managers, portfolio analysts, lenders, operations/accounting teams, legal counsel, clients and other market contacts to obtain information pertinent to existing assets as well as pursuit and disposition efforts.
  • Work with the Accounting Team to ensure that operating results and other reporting requirements are completed accurately and on time by operating partners.
  • Regularly update Fund diversifications metrics including geographical, property type, loan-to-value and lease roll-over to ensure potential acquisitions fit well into the overall fund strategy.

Qualifications:

  • Candidates must have three to five years of real estate investment or finance experience.
  • Strong working knowledge of Argus, Microsoft Excel, PowerPoint and Word.
  • Demonstrated knowledge of financial modeling and mastery of finance concepts such as NOI returns, cash flow returns, internal rate of return, time-weighted returns and present value/ discounted cash flows, joint venture promotes and equity valuations.
  • Comprehension of real estate terms and concepts such as net/gross leases, contracts, rents/percentage rents, operating expenses, capital expenditures, recovery of expenses and property types.
  • Strong writing skills as well as verbal interpersonal/communication skills.
  • Organizational skills and attention to detail, with the ability to prioritize and manage multiple projects simultaneously.
  • Ability to function both in a team-oriented setting and independently.
  • Strong sense of personal motivation, responsibility, and entrepreneurship.
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