Associate, Asset Services

Job Title

Associate, Asset Services

Job Description Summary

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

EXPERIENCE & KNOWLEDGE/SKILLS REQUIRED

• Bachelor’s degree in business, finance, accounting, or economics. MBA or Master’s in Real Estate preferred
• Minimum of four years of 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

KEY COMPETENCIES
1. Communication Proficiency (oral and written)
2. Customer Focus
3. Problem Solving/Analysis
4. Leadership Skills
5. Teamwork Orientation
6. Time Management Skills
7. Financial Acumen
IMPORTANT EDUCATION
* Bachelor’s Degree in Business Administration or related discipline preferred
IMPORTANT EXPERIENCE
* 3 – 5 years of real estate property management or related experience
ADDITIONAL ELIGIBILITY QUALIFICATIONS
* CPM, RPA, or CSM designation
* Possess real estate license
* Strong knowledge of finance and building operations
* Proven experience in management, evaluation, development, and motivation of subordinates
* Ability to effectively manage a team of professionals, including both employees and vendors
* Previous experience in analyzing and negotiating commercial lease and/or contract language
* Advanced knowledge of Microsoft Office Suite
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.
AAP/EEO STATEMENT
C&W provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, C&W takes affirmative action to ensure that applicants are employed and employees during employment are treated without regard to any of these characteristics. Discrimination of any type will not be tolerated.
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.

Cushman & Wakefield also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health, vision, and dental insurance, flexible spending accounts, health savings accounts, retirement savings plans, life, and disability insurance programs, and paid and unpaid time away from work. In addition to a comprehensive benefits package, Cushman and Wakefield provide eligible employees with competitive pay, which may vary depending on eligibility factors such as geographic location, date of hire, total hours worked, job type, business line, and applicability of collective bargaining agreements.The compensation that will be offered to the successful candidate will depend on factors such as whether the position is covered by a collective bargaining agreement, the geographic area in which the work will be performed, market pay rates in that area, and the candidate’s experience and qualifications.The company will not pay less than minimum wage for this role.The compensation for the position is: $85,000.00 – $100,000.00Cushman & 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.In compliance with the Americans with Disabilities Act Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position at Cushman & Wakefield, email HRServices@cushwake.com or HRServices@cwservices.com. All inquiries not related to accommodations will go unanswered.