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Senior Analyst, Asset Management
Senior Analyst, Asset ManagementJonanthan Rose Companies • New York, NY, United States
Senior Analyst, Asset Management

Senior Analyst, Asset Management

Jonanthan Rose Companies • New York, NY, United States
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  • [job_card.full_time]
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Company Description Jonathan Rose Companies is one of the country's leading owners, developers and operators of green affordable and mixed-income communities. Founded in 1989, Rose has created projects with more than $4.2 billion of value with a current portfolio of 19,000 apartment homes in 15 states and Washington DC.

Our mission is to create a more environmentally thriving, socially just world through the development, preservation, renovation and management of green, affordable and mixed income housing.

The firm is a fully integrated investment management, development and asset management company with, construction management, solar energy, mortgage finance and title company affiliates.

We strive to achieve positive environmental impact by investing in energy efficiency, decarbonization, and water conservation to reduce our use of natural resources and toxins. Our social impact is achieved by preserving and expanding housing affordability, and connecting our residents to health, education, financial, cultural and social services. And we aim to achieve these impacts in a co-creative process with governments, our residents and staff.

We are signatories to the United Nations Principles for Responsible Investing (UN PRI), benchmark performance annually through GRESB, and align our reporting with the Task Force for Climate-related Financial Disclosures (TCFD) guidelines, SASB Standards, and GRI Standards.

The Senior Analyst, Asset Management is responsible for the end to end financial analysis (budgeting, forecasting, and variance analysis) and reporting of ongoing property performance. This New York City based role is responsible for the timely and accurate preparation of complex financial models / proformas for investor reporting and cross functional collaboration with Property Management, Accounting / Finance, and Fund Accounting. This position includes direct oversight of a small portfolio of assets and leads Excel / financial modeling training for analysts.

The pay range for this position is $105-115k based upon factors including but not limited to related experience and time in the industry.

ESSENTIAL FUNCTIONS

FINANCIAL PERFORMANCE MANAGEMENT AND REPORTING

  • Possesses thorough understanding of assets capital structure and business plan.
  • Owns responsibility for financial review / analysis, budgeting, and performance management; identifies and raises trends and key areas of concern to Asset Managers.
  • Provides direct oversight of a small portfolio of assets, driving NOI targets and optimizing value creation.
  • Monitors monthly / quarterly performance; leads variance analysis and corrective action plans with site teams.
  • Reviews and submits annual budgets for Asset Manager approval; assists Asset Manager with partnership responsibilities.

FINANCIAL ANALYSIS AND MODELING

  • Build, maintain, and enhance detailed financial models, budgets and annual business plans; support internal valuations.
  • Validates model inputs / assumptions through analysis and communication with Asset Managers and Property Management to ensure the completeness and accuracy of information being updated.
  • Mentors analysts on connecting financial review, budgeting, and performance management analysis to value creation and risk management.
  • Trains / supports analysts on Excel and modeling.
  • TRANSACTION SUPPORT

  • Assists in disposition analyses and transactions, including lender / investor deliverables and closing checklists.
  • PROCESS & PORTFOLIO IMPROVEMENT

  • Initiates streamlining and modernization of asset management processes and reporting
  • Leads BI scope on behalf of asset management
  • Act as a liaison among Asset Management, Funding Accounting, Investor Reporting and other stakeholders to ensure data integrity across systems (property management systems, general ledger, BI tools).
  • Skills

  • Advanced computer skills and proficiency in Microsoft Excel (modeling, scenario / sensitivity analysis) required.
  • Excellent verbal and written communication; strong interpersonal skills required.
  • Self motivated, takes initiative and able to independently research, learn, evaluate, and respond to complex issues with impeccable integrity and attention to detail.
  • Advanced analytical skills; ability to synthesize large data sets into actionable insights.
  • Advanced experience with property management and accounting systems; ability to reconcile data across platforms; familiarity with BI / reporting tools.
  • Affordable Housing knowledge a plus; desire to and capacity to learn specialized regulatory and compliance programs.
  • Travel

  • Ability to travel up to 10% of the time.
  • Education Requirements and / or Years of Experience :

  • Bachelor's Degree in Finance, Business, Real Estate or related discipline required.
  • Master's Degree in Finance, Business or Real Estate a plus.
  • 2+ years of experience with overall financial review of an assigned portfolio of residential properties or projects required.
  • Financial modeling required.
  • Affordable Housing knowledge a plus; capacity to and desire to learn specialized regulatory and compliance contexts a must.
  • Rose Companies Benefits :

    At Rose Companies our goal is to provide an affordable and comprehensive benefits package that provides security for you and your family and supports your overall wellbeing. Benefits offered include, but are not limited to : Medical, Dental, Vision, Flexible Spending Accounts, Life, Short-Term Disability, Long-Term Disability, 401K with company match, competitive paid time off policy, paid holidays, parental bonding leave and educational assistance.

    Rose Companies is committed in policy and practice to providing equal employment opportunities for all applicants and employees, based upon their training, experience, and overall qualifications. Consistent with this commitment, discrimination against an applicant or employee based upon the individual's race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.

    Equal Opportunity Employer

    This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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