Junior Asset Manager

Responsibilities

• Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals
• Provide monthly budget variance commentary on all assigned projects to the internal management team.
• Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing/approving third party contracts, rent increases, non-budgeted large expenditures. Participate in the annual budget review process by preparing operational trend to budget analysis.
• Assist with the year‑end financial audit review to ensure accuracy of the accounting data.
• Maintain and update project summary data and financials MRI internal reporting software.
• Work closely with Property Management, Asset Management and Development.
• Carry out periodic on‑site inspection property visits to evaluate physical condition of property. Provide feedback to Property Manager as needed.
• In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conducting property inspections.
• Identification and analysis of under‑performing assets, and preparation and implementation of proactive operational work‑out strategies.
• Maintain and track reporting requirements for all syndicators, investors, and financial institutions.
• Perform other duties as assigned by VP Finance or other senior management staff.
• Keep senior management regularly informed regarding the asset performance.

• Four‑year college degree in Accounting or Finance or related field
• Proficiency in Microsoft Office (proficient in Excel & Word).