Associate, Investment Management

Job Description

Job Description Summary:

The Associate partners with Asset Managers in the management and oversight of various commercial and multifamily real estate investments, with the overall goal of optimizing asset performance and values. The Associate plays an integral role in developing and executing property specific strategies, analyzing major leasing decisions and how they impact value, performing major feasibility studies and evaluating property level performance against relevant industry benchmarks. In addition, the role is responsible for providing support and analysis for the preparation of the quarterly and annual property reports and budgets for a portfolio of assets.

GENERAL PURPOSE OF POSITION

The Associate partners with Asset Managers in the management and oversight of various commercial and multifamily real estate investments, with the overall goal of optimizing asset performance and values. The Associate plays an integral role in developing and executing property specific strategies, analyzing major leasing decisions and how they impact value, performing major feasibility studies and evaluating property level performance against relevant industry benchmarks. In addition, the role is responsible for providing support and analysis for the preparation of the quarterly and annual property reports and budgets for a portfolio of assets.

Specific Duties And Responsibilities

• Work with Asset Manager to create property level operational strategies and analyze major leases, capital projects or other investment factors impacting asset value.
• Assist in the review of valuation models (Argus and Excel) and take part in the acquisition and disposition process, overseeing the flow of due diligence information for select investments as needed.
• Prepare financial analysis to track historic portfolio and property level results in comparison to industry benchmarks.
• Coordinate the development of Annual Business Plans and Quarterly reports by assisting in the preparation of property operating and capital budgets and reviewing and approving on-going financial variance reporting.
• Communicate with third party property management and leasing personnel as well as insurance and real estate tax consultants and other third party providers as needed.
• Review lease submittal packages, evaluate prospective tenant businesses and credit worthiness, and perform other lease related financial analysis as needed.
• Collect, analyze and synthesize relevant market reports and other lease or transaction related data.
• Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements or significant capital expenditure projects and coordinating the release of escrow accounts.
• Support enforcement of internal audit requirements with third party providers, and further ensure that such firms are conducting business in accordance with property management agreements.
  
  

Education

POSITION QUALIFICATIONS

• Four year or equivalent undergraduate degree in Business or related field. Post graduate education a plus. A commitment to continued education in real estate will be encouraged.
  
  

Work Experience

• 2 – 5 years of experience in the commercial and/or multi-family real estate industry (or business related activity) is required.
• Property level experience is a plus.
  
  

Skills

• Effective interpersonal, communication (verbal and written) and listening skills.
• Strong computer literacy including fluency with Argus, VTS, RealPage, Microsoft Excel and Word, and PowerPoint.
• Ability to understand and interpret commercial lease agreements and language as well as present value concepts and financial terminology.
• Analytical problem solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
• Demonstrated prioritization, organization and time management skills necessary to balance competing deadlines.
• Desire to multi-task in a complex, high-volume environment and competency to work with all levels of management and personnel on critical projects.
  
  

Travel

• Some travel will be required for periodic asset management related property visits and select acquisition due diligence
  
  

The total compensation offered for this position, which includes salary and incentive pay, will vary based on skills, experience and location. The salary range for this position in California is $100,000 to $115,000 annually.

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.

What’s in it for you?

Our People Are At The Very Core Of Our Success. Invesco Employees Get More Out Of Life Through Our Comprehensive Compensation And Benefit Offerings Including

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan