Associate Asset Management
Ryan Companies US, Inc., Chicago, IL, United States
Job Description
Ryan Companies US, Inc. has an immediate career opportunity for an Associate of Asset Management! This is a hybrid role in our downtown Chicago office.
This is a key role for the organization that is responsible for creation, oversight and implementation of strategic business plans and programs for Multifamily, Senior Living and Active Adult properties; blending together oversight of operations, marketing and sales with hands‑on financial planning and execution. The candidate must have the ability to consider the objectives of both Ryan Companies and our operating and investment partners, with a focus on increasing the value of the properties and providing an exceptional experience for our residents.
Some Things You Can Expect To Do
Review monthly property reports and cash flow forecasts; follow up with property accountant and operating partners on variances and other concerns.
Perform property benchmarking analysis, comparing to other Ryan communities and industry benchmarks.
Prepare reports relating to individual community performance, problems and work‑out strategies, construction and leasing status, etc.
Assist with the preparation of investment partner presentation reports and investment memorandums.
Conduct annual site inspections of the communities to analyze the overall condition of the property and make appropriate recommendations.
Prepare financial assessments and provide recommendations on overall strategy.
Prepare cash flow forecast models at a building and portfolio level.
Assist with research tasks related to overview of competitive market, and demographic trends within the portfolio's geographic area.
Maintain project database with information available for immediate access related to key indicators, performance and project details.
Assist with preparation of annual business plans and review of operating and capital budgets.
Research and present strategic cost cutting initiatives and operational efficiencies.
Maintain current knowledge of industry trends and performance of comparable properties.
Effectively interact with in-house departments including accounting, investments/acquisitions, capital markets, accounting and legal to ensure a team‑oriented approach.
Comfortable presenting information, direction and follow up amongst internal and external partners.
Stay aware of trends and information in the housing industry.
To Be Successful In This Role You Will Need
Undergraduate degree in accounting, finance, real estate, or related field.
4-7 years of experience as an asset management professional in real estate or the housing sector.
Knowledge of financial statements, forecasting and modeling, property management issues, loan agreements, policies, and procedures.
Knowledgeable on the following aspects of real estate and senior housing: Organizational structures/documents (LLC agreements, partnership agreements); property tax assessment process; partnership agreement & structure, management agreements, financing structures/loan documentation and valuation theory/analysis.
Eligibility
Positions require verification of employment eligibility to work in the U.S.
Compensation The annual base pay is $120,000 - $150,100. The base rate may vary within the anticipated range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills and abilities. Position may be eligible for additional compensation that may include commission and/or an incentive program.
Benefits
Competitive Salary
Medical, Dental and Vision Benefits
Retirement and Savings Benefits
Flexible Spending and Health Savings Accounts
Life Insurance
Short-Term and Long-Term Disability
Educational Assistance
Paid Time Off (PTO)
Employee Assistance and Wellness Programs
Parenting Benefits
Employee Discount Programs
Pet insurance
Ryan Foundation – charitable matching funds
Paid Time for Volunteer Events
Ryan Companies Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr
This is a key role for the organization that is responsible for creation, oversight and implementation of strategic business plans and programs for Multifamily, Senior Living and Active Adult properties; blending together oversight of operations, marketing and sales with hands‑on financial planning and execution. The candidate must have the ability to consider the objectives of both Ryan Companies and our operating and investment partners, with a focus on increasing the value of the properties and providing an exceptional experience for our residents.
Some Things You Can Expect To Do
Review monthly property reports and cash flow forecasts; follow up with property accountant and operating partners on variances and other concerns.
Perform property benchmarking analysis, comparing to other Ryan communities and industry benchmarks.
Prepare reports relating to individual community performance, problems and work‑out strategies, construction and leasing status, etc.
Assist with the preparation of investment partner presentation reports and investment memorandums.
Conduct annual site inspections of the communities to analyze the overall condition of the property and make appropriate recommendations.
Prepare financial assessments and provide recommendations on overall strategy.
Prepare cash flow forecast models at a building and portfolio level.
Assist with research tasks related to overview of competitive market, and demographic trends within the portfolio's geographic area.
Maintain project database with information available for immediate access related to key indicators, performance and project details.
Assist with preparation of annual business plans and review of operating and capital budgets.
Research and present strategic cost cutting initiatives and operational efficiencies.
Maintain current knowledge of industry trends and performance of comparable properties.
Effectively interact with in-house departments including accounting, investments/acquisitions, capital markets, accounting and legal to ensure a team‑oriented approach.
Comfortable presenting information, direction and follow up amongst internal and external partners.
Stay aware of trends and information in the housing industry.
To Be Successful In This Role You Will Need
Undergraduate degree in accounting, finance, real estate, or related field.
4-7 years of experience as an asset management professional in real estate or the housing sector.
Knowledge of financial statements, forecasting and modeling, property management issues, loan agreements, policies, and procedures.
Knowledgeable on the following aspects of real estate and senior housing: Organizational structures/documents (LLC agreements, partnership agreements); property tax assessment process; partnership agreement & structure, management agreements, financing structures/loan documentation and valuation theory/analysis.
Eligibility
Positions require verification of employment eligibility to work in the U.S.
Compensation The annual base pay is $120,000 - $150,100. The base rate may vary within the anticipated range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills and abilities. Position may be eligible for additional compensation that may include commission and/or an incentive program.
Benefits
Competitive Salary
Medical, Dental and Vision Benefits
Retirement and Savings Benefits
Flexible Spending and Health Savings Accounts
Life Insurance
Short-Term and Long-Term Disability
Educational Assistance
Paid Time Off (PTO)
Employee Assistance and Wellness Programs
Parenting Benefits
Employee Discount Programs
Pet insurance
Ryan Foundation – charitable matching funds
Paid Time for Volunteer Events
Ryan Companies Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr