Job description
Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking an Asset Management Analyst in our San Francisco Regional Office.
The Analyst position’s primary objective is to support the Asset Management departmental goal of maximizing operations and returns at the individual asset level and the overall fund/portfolio level. The analyst will prepare and analyze data including performance analysis of existing assets, compile and interpret market data, and be responsible for developing and maintaining comprehensive reporting.
A place for you
Here at Carmel, we don’t just invest in buildings, we invest in careers. If you don’t meet every qualification listed in this job posting, we encourage you to apply anyway. We are building diverse teams of unique talent and strongly encourage people from underrepresented groups to apply. Everyone takes their own path to get here. Join us!
What you’ll do
- Provide market research and develop a strong knowledge of assigned properties and regions.
- Identify opportunities to exceed benchmarks without negatively impacting property operations or the property’s competitive position within the submarket.
- Monitor weekly reports of leasing, occupancy, and trends to provide appropriate follow up.
- Utilize Asset Management’s operational software systems for reporting, tracking, and analysis.
- Participate in revenue management calls to review lease pricing.
- Monitor key property metrics such as unit turnover timing, renewal rates, and lease expiration schedules, and escalate potential issues that could impact property performance.
- Participate in preparation and presentation of annual business plans and quarterly updates.
- Participate in annual budgeting process, reforecasts, and monthly variance reviews.
- Contribute to the coordination, analysis, and other efforts for specific property needs related to lease up activity, disposition preparation, and major capital project implementations.
- Assist with due diligence in evaluating capital projects and renovations.
- Conduct portfolio and property-level research projects, utility expense analysis, and review ancillary income contracts and payment schedules to identify business opportunities.
- Review real estate tax assessments and participate in discussions with third-party real estate tax consultants regarding tax appeal strategies.
- Coordinate with other departments and respond to any requests for property-level data and metrics to report to investors, lenders, partners, or others.
Who you are
You have a working knowledge of real estate investment, property management, and multifamily development or renovation, enjoy market research, and can support multiple projects with ease. A creative problem solver, you’re productive in collaborative team settings as well as on your own. You understand the importance of building relationships both internally and externally. Your organizational and analytical skills are key ingredients of your success. You’re curious and have a passion for learning and growing within the industry.
What you’ll bring
- Bachelor’s degree in Real Estate, Finance, or related field
- 2+ years of professional experience, ideally with a portion of that time in the real estate investment business
- Exceptional financial and numerical analytical skills
- An understanding of real estate valuation processes, real estate underwriting, discounted cash flow analyses, and return on investment principles, including experience in financial modeling
- Proficiency in MS office including advanced skills in Excel
- Strong verbal and written communication skills
- Demonstrated passion for real estate
- Team player with a commitment to excellence and a high level of integrity
Compensation and Benefits
Compensation and Benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find a competitive compensation and comprehensive benefits package at Carmel.
The Base salary range for this position is $90,000 to $100,000 . The Company provides this compensation range and general description of other compensation and benefits that it, in good faith, believes it might pay and/or offer for this position. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and offer additional benefits and other compensation, depending on circumstances not related to an applicant’s sex or other status protected by local, state, or federal law.
Choose Carmel
At Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods.
Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across varying market cycles by investing in relatively supply-constrained, high barrier-to-entry markets in the United States.
DEI Statement
We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive.
Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements, and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.
Notice to Third-party Agencies: Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless there is a signed agreement providing otherwise, Carmel Partners will not pay any compensation to any employment firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles that are provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue, and hire said candidate without any notice or financial obligation to the recruiter or agency/firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.
About Carmel & Carmel, PC
CEO: Frank Carmel
Revenue: $1 to $5 million (USD)
Size: 1 to 50 Employees
Type: Company - Private
Website: www.carmel.us