The Real Estate Asset Management Analyst role is an opportunity to:
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Lead the direct analyst duties for a portfolio of existing high-quality office and multifamily assets on behalf of an affiliated company.
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Have exposure to and work with Senior Management.
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Identify and implement new process improvements/efficiencies.
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Work on asset management and consulting project work.
The Real Estate Asset Management Analyst will:
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Create and maintain cash flow valuation models in Argus and Excel, performing periodic hold/sell analyses.
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Review and analyze proposed leasing transactions – both new leases and renewals – to summarize and compare contract terms and provide insight into tenant credit worthiness.
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Provide oversight and direction to property management teams, including property management accountants, to assure accuracy of management information such as rent rolls and financial statements.
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Analyze historical and current period financial statements, together with annual budgets and reforecasts, for variance and trends.
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Review and analyze property management and construction management fee and brokerage commission calculations.
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Review and confirm accuracy of annual CAM reconciliations for office and retail properties.
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Conduct market research and analysis related to operational metrics such as rent levels, competitive performance, capital markets activity, and development pipeline.
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Create sensitivity and scenario analyses to inform redevelopment decisions.
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Support acquisitions, financing activities, and dispositions with cash flow modeling, valuation, scenario analyses, due diligence, and Q&A.
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Help maintain accurate and complete data records for all client properties, including filing and tagging documents in SharePoint.
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Coordinate, assemble, and distribute materials to third-party service providers for annual appraisals.
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Prepare written narratives and financial tables and charts for use in management and investor reporting, including quarterly and annual reports.
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Assist Asset Management team with special projects.
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Bachelor’s Degree in Real Estate, Finance, Accounting, or related field.
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2+ years of commercial or multifamily real estate experience with a focus in finance or accounting preferred.
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Advanced knowledge of Excel including building models and templates for other users. Argus experience strongly preferred.
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Comfortable with running reports and ledgers in software such as Yardi or Kardin.
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General understanding of commercial real estate finance, leasing, accounting, terminology, and property operations.
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Understanding of financial statements, real estate and accrual basis accounting, valuation principles, and the property budgeting process.
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Strong analytical, accounting, and critical thinking skills.
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Excellent written, verbal, and quantitative communication skills.
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Able to probe, ask thoughtful questions, and dig beneath the surface to test the validity and relevance of information.
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Able to manage multiple competing priorities and meet delivery deadlines.
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Advanced excel modeling and skills.
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Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups.
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Comfort level with the technology used to aid in collaboration, communication, and documentation.
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Knowledgeable of real estate budgets, financial statements, analysis, terminology, and familiar with budget/reporting processes.
Our ideal candidate(s) will have a strong compatibility with Heartland culture in terms of intellectual curiosity, team-oriented nature, problem-solving capacity, desire to learn new skills as projects demand, a focus on high-quality work product, and ability to work in a fluid, fast-paced environment.
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High level of integrity
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Strong work ethic
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Outstanding attention to detail
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Organized, structured, and thorough
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Naturally curious
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Ability to learn, be flexible, and adapt quickly
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Comfort and desire to work with clients
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Self-motivated
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Team oriented; works well in small and larger teams
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Reports to Director of Asset Management.
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Collaborates daily with the broader asset management team, in particular the asset managers directly responsible for client assets.
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Collaborates regularly with client accounting, property-level teams, including third-party property managers, property accounting teams, leasing brokers, etc.
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Interacts regularly with client staff and personnel in a client service context.
Travel required to appropriately serve the client assets and maintain intimate knowledge of the markets.
The salary range for this position will range from $85,000-$115,000 per year and will be dependent upon multiple factors including experience and existing skillsets.
Benefits Description
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Medical
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Dental
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Vision
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401(k) plan
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Life and disability coverage
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Potential for discretionary annual bonuses
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Vacation, sick leave, and holidays
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Company supplied equipment for home office
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Qualified Transportation Plan program
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Charitable Matching Gift Program
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Health & Fitness Reimbursement Program
Heartland currently has a hybrid work policy, which includes the ability to work remotely within the Puget Sound Region. On average, Heartlanders are in the office 2-3 days per week. The hybrid work policy may evolve over time.