Asset Management Associate

The Role

Silverstein Properties, Inc. is looking for a self-motivated, resourceful and proactive individual, both with respect to managing workload and professional development. Someone who has exceptional financial modeling skills and knowledge of real estate accounting principles to join the Asset Mangement team.  

You Have...

• Bachelor’s Degree in real estate, business, economics, finance or accounting required
• MBA preferred, but not required.
• At least three years of real estate asset management experience (asset management at an operator preferred) with an emphasis on NYC office and multi-family properties, if possible.
• The ability to be in the details but also take a step back and see the “bigger picture” at the same time is required (analytical and strategic perspective).
• Exceptional financial modeling skills, including thorough understanding of structuring cash flow models, IRR analysis, discounted cash flow valuations, complicated debt structures, including bond financing, profit distribution waterfalls and property-level cash analysis
• Knowledge of real estate accounting principles preferred and ability to review and understand both accrual and cash methods of accounting critical
• Exceptional communication, interpersonal, analytical, writing and organizational skills

  You Are….

• Detail oriented.
• Curious to dig in, learn and understand.
• Able to prioritize, multi-task and manage conflicting deadlines in a fast paced environment is critical to success; time management skills essential.
• Able to think quickly and efficiently when confronted with a request.
• A highly motivated self-starter who can work with minimal supervision.
• Proactive, approachable and solution-focused.
• Self-motivated, resourceful and proactive, both with respect to managing workload and professional development.
• Enthusiastic and desire to succeed in a collaborative environment, with a focus on collective success.

  You Will….

• Maintain/update Argus and valuation models on a quarterly basis; forecast capital contributions/distributions
• Undertake detailed property-level analyses of prospective leasing deals, tenants/in-place leases, capital projects, operating and financial statements, market and competitive position, real estate taxes, insurance and other relevant information
• Review monthly property performance on both a cash and accrual basis; identify trends, issues and present opportunities for improvement
• Assist with/prepare property-level business plans and budgets
• Assist with implementation of business plan initiatives; analyze property performance relative to business plan targets
• Prepare analyses/consolidate information for investor reports and executive team presentations
• Assist Asset Manager with obtaining institutional investor/lender approvals and handle ad hoc requests for investors/lenders
• Assist with analyses, due diligence and preparation of investment books for financing, recapitalization and disposition transactions
• Assist with the transition of new acquisitions into the operating portfolio.

We value our employees’ time and efforts. Our commitment to your success is enhanced by our competitive compensation, commensurate with experience, and our extensive benefits package. Plus, we work to maintain the best possible environment for our employees, where people can learn and grow with the company. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning and culture.

Silverstein Properties, LLC and all of its subsidiaries are proud to be an equal opportunity employer and value diversity at our company.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application and/or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Vaccination against COVID-19 is required as a condition of employment with Silverstein. Silverstein requires all employees to be fully vaccinated by the time they begin employment with Silverstein Properties. “Fully vaccinated means” that 14 days have passed since you received the second shot of a US-approved two-dose vaccine (such as the Pfizer or Moderna vaccines) or the one shot of a US-approved one-dose vaccine (such as the Johnson and Johnson vaccine). All employees will be required to provide proof of vaccination to Silverstein in connection with Silverstein’s mandatory vaccination policy.

Silverstein will comply with the reasonable accommodation provisions of federal, state and local laws for those individuals who are unable to receive the COVID-19 vaccine due to a medical condition or sincerely-held religious belief.