Construction Cost Analyst

Company Overview

Founded in 1986, Asset Living is a true third-party property management firm with decades of experience delivering exceptional value to partners across the nation. As a leader in third-party property management, Asset Living is the fourth largest in the country (National Multifamily Housing Council’s Top 50) and remains the No. 1 third-party student housing property manager in the U. S. for 11 years in a row (Student Housing Business). With over 36 years of experience, Asset Living’s growing portfolio includes a multitude of properties across the country that span the multi-family, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions. Asset Living presently manages a portfolio consisting of approximately 175,000+ units and 125,000+ beds. Asset Living is a family made up of diverse backgrounds, unique ideas, and distinct personalities. Recognized as one of the nation’s Best and Brightest Places to Work, professionals join Asset Living because of its reputation as the most trusted partner in real estate, workplace culture, and growth opportunities. Asset Living is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO).

Construction Cost Analyst

The Construction Analyst will support the Construction Department, preparing construction draws, rehab contracts, and billing/invoicing for all multi-family type properties for both internal and third-party clients.

Essential Duties & Responsibilities

• Prepare multiple draws and requests for payment.
• Ensure proper and timely filing of draws to Owners.
• Review and verify contractor s insurance certification via RealPage Vendor Credentialing (fka Compliance Depot).
• Prepare AIA Contract documents as designed by VP-Construction Management. Create Change Orders.
• Store, secure, and retrieve Draw requests, Invoices, Change Orders, and Contracts per rehab property.
• Prepare Lien releases.
• Prepare Due Diligence walk sheets and create a summary sheet. Participate occasionally in the Due Diligence process.
• Track all rehab construction costs for rehab properties. Monitor and track purchase orders, verify invoices’ accuracy, and code invoices to proper cost code.
• Report on rehab project budget and actual costs. Provide detailed analysis of expense variances to project budget. Prepare cost analyses.
• Provide detailed forecasts of remaining rehab construction costs and variances to budget.
• Report current and forecasted budgetary discrepancies to management for review.
• Prepare financial statements and bank reconciliations for rehab properties. Analyze the accuracy of rehab property s financial data to ensure internal/external audit compliance. Maintain records of all financial data required for audits and tax purposes.
• Develop and maintain strong relationships with vendors and suppliers.
• Participate in special projects as they arise.

Education & Experience

• Bachelor’s degree in accounting, finance, or related field.
• Minimum of 3 years of relevant work experience.
• Strong knowledge of Microsoft Excel. Basic knowledge of Microsoft Word and Adobe.
• Ability to work in a fast-paced environment with multiple projects.
• Meticulous attention to detail and high level of accuracy, highly organized, able to multi-task, and self-motivated.
• Excellent problem-solving, decision-making, analytical, and organizational skills.
• Excellent verbal, written, and interpersonal communication skills.
• Experience establishing and maintaining project budgets.

This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice.