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Asset Management Analyst

  • Heartland LLC
  • Due to COVID-19, this position will begin remotely. Once it is deemed to return to the office, the position may be performed remotely in one of our core markets, or under a hybrid model combining remote and in-person work.
  • Feb 05, 2021
Full time Accounting Finance Real Estate

Job Description

Position Description

The Asset Management Analyst will:

  • Create and maintain cash flow valuation models in Argus and Excel, performing periodic hold/sell analyses
  • Review and analyze proposed leasing transactions – both new leases and renewals – to summarize and compare contract terms and provide insight into tenant credit worthiness
  • 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
  • Analyze historical and current period financial statements, together with annual budgets and reforecasts, for variance and trends
  • Review and analyze property management and construction management fee and brokerage commission calculations
  • Review and confirm accuracy of annual CAM reconciliations for office and retail properties
  • Conduct market research and analysis related to operational metrics such as rent levels, competitive performance, capital markets activity, and development pipeline
  • Create sensitivity and scenario analyses to inform redevelopment decisions
  • Support acquisitions, financing activities, and dispositions with cash flow modeling, valuation, scenario analyses, due diligence, and Q&A
  • Help maintain accurate and complete data records for all client properties, including filing and tagging documents in SharePoint.
  • Coordinate, assemble, and distribute materials to third-party service providers for annual appraisals
  • Prepare written narratives and financial tables and charts for use in management and investor reporting, including quarterly and annual reports
  • Assist AM team with special projects

Educational & Professional Experience Requirements

  • Bachelor’s Degree in Real Estate, Finance, Accounting, or related field
  • 2+ years of commercial real estate experience with a focus in finance or accounting
  • Advanced knowledge of Excel including building models and templates for other users. Argus experience strongly preferred
  • Comfortable with running reports and ledgers in Yardi and Kardin

Key Skills & Competencies

  • General understanding of commercial real estate finance, leasing, accounting, and property operations
  • Understanding of financial statements, real estate and accrual basis accounting, valuation principles, and the property budget process
  • Strong analytical, accounting and critical thinking skills
  • Excellent written, verbal, and quantitative communication skills
  • Able to probe, ask thoughtful questions, and dig beneath the surface to test the validity and relevance of information
  • Able to manage multiple competing priorities and meet delivery deadlines
  • Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups
  • Comfort level with the technology used to aid in collaboration, communication, and documentation 

Ideal Candidate Qualities

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.

  • High level of integrity
  • Strong work ethic
  • Outstanding attention to detail
  • Organized, structured, and thorough
  • Ability to learn, be flexible, and adapt quickly
  • Desire to work with clients
  • Self-motivated
  • Team oriented

Reporting & Collaboration Responsibilities

  • Reports to Director of Asset Management
  • Collaborates daily with the broader asset management team, in particular the asset managers directly responsible for client assets
  • Collaborates regularly with client accounting, property-level teams, including third-party property managers, property accounting teams, leasing brokers, etc.
  • Interacts regularly with client staff and personnel in a client service context

Travel

Travel required to appropriately serve the client assets and maintain intimate knowledge of the markets.

Compensation

Market appropriate; experience and skills considered, comprehensive benefits package included.

COVID Protocol

This is a full-time, office-based position. In light of the current situation regarding COVID-19, all employees have been given the opportunity to work remotely. Once the company makes the decision to return to the office, the position may be performed remotely in one of our core markets, or under a hybrid model combining remote and in-person work.

Diversity, Equity & Inclusion Efforts

We are an equal opportunity employer. We recognize that our mission and values are best advanced by the leadership and contributions of individuals of diverse backgrounds, beliefs, and culture. Recruiting and mentoring staff to create an inclusive organization that reflects our region’s diversity is a priority, and we encourage applicants from all cultures, races, colors, religions, sexes, national or regional origins, ages, disability status, sexual orientation, gender identity, military, protected veteran status, or other status protected by law.

As advisors by trade, we know that innovative solutions emerge from unique perspectives, experiences and identities. As such, our team and our partners are our life force. We encourage employees to get involved and to feel comfortable voicing their opinions and sharing their ideas; our goal is for everyone to feel and be heard, included and acknowledged. To that end, we are committed to continue working to become a more diverse, equitable and inclusive organization. We know it is a journey and while we may not get it right all the time, we are committed to listening and learning in order to effect change in our organization and beyond.  

Application Process & Contact Information

To apply, please send a Cover Letter and Résumé to Carrie Christensen, Project Administrator/Marketing Coordinator at cchristensen@htland.com.