Associate, NOI Management - Related Affordable

Overview

Associates role in Related Affordable’s NOI Management, within the Portfolio Management team, focusing on shaping portfolio performance and operational strategy for the Affordable multifamily portfolio, the largest multifamily portfolio under The Related Companies. The role targets cost-saving and revenue-generating opportunities, procurement initiatives, and delivering actionable insights to ownership teams. Travel may be required to support on-site evaluations and strategic initiatives.

• Operational:
  Review monthly operating statements (e.g., NOI, Occupancy, Collections, Surplus cash) to identify actionable opportunities and potential concerns for Portfolio and Asset Managers.
• Operational:
  Conduct periodic statistical analyses of financial statements to uncover property-level financial anomalies.
• Operational:
  Deliver meaningful portfolio-wide and property-level reporting that highlights trends, opportunities, and performance gaps.
• Operational:
  Identify and implement bulk purchasing opportunities across the portfolio to drive operational savings.
• Operational:
  Lead the adoption and rollout of procurement initiatives across the portfolio.
• Operational:
  Conduct periodic site visits to provide insights on operational efficiencies and improvement opportunities.
• Operational:
  Ensure all Related bulk purchasing programs are fully leveraged across applicable properties.
• Operational:
  Periodically update internal “NOI Management Standards” with meaningful information from experience and subject matter experts.
• Operational:
  Support onboarding of new properties with procurement initiatives and operational best practices.

• Budgetary:
  Collaborate with Asset Management, Property Management, and Ownership teams to review and approve annual budgets, identifying savings opportunities through procurement initiatives.
• Budgetary:
  Provide best-practice insights to underwriters on new deals, leveraging lessons learned from existing operations to maximize efficiency and revenue potential.

• Business Intelligence:
  Provide key data for semi-annual Portfolio Reporting to senior leadership at The Related Companies.
• Business Intelligence:
  Meet with property management and ownership teams to present findings and recommend procurement strategies that drive value across the portfolio.

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $95,000 - $130,000 / year

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

• Bachelor’s degree required; advanced degree or relevant certifications a plus.
• 2–3 years of professional experience, preferably in real estate, finance, or operations.
• Strong analytical, quantitative, and financial modeling skills; highly proficient in Excel and other modeling tools.
• Deep understanding of finance and accounting principles, with expertise analyzing property-level operating statements to evaluate site-level performance.
• Experience with procurement, vendor negotiation, or portfolio-level cost management preferred.
• Excellent communication and interpersonal skills to collaborate with Property Management, Portfolio Management, Asset Management, and external vendors.
• Strong attention to detail with the ability to aggregate site-level findings to drive portfolio-wide operational improvements.
• Entrepreneurial mindset with the ability to take ownership, work independently, and thrive in a collaborative team environment.
• Positive, “can-do” attitude and self-motivated.
• Willingness to travel periodically to visit properties and meet with service providers.

Formed in 1972, Related is a prominent privately owned real estate firm. Headquartered in New York City, Related owns and manages a premier portfolio of assets valued at over $60 billion, including notable developments such as Hudson Yards. Related emphasizes talent development and a positive, team-oriented culture, encouraging bold challenges and entrepreneurial spirit.