Portfolio Management, Intern
Jimmy Jazz, Los Angeles, CA, United States
Base Pay $30.00 - $30.00 / Hour
Employee Type Intern
Required Degree Masters
Manage Others No
About TruAmerica
Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid‑tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50. Today TruAmerica has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.
Objective
The role of the Portfolio Management Intern is to support the operations and Asset Management teams in the execution of strategic business plans. This position is also responsible for facilitating the company’s disposition and refinancing platforms. This internship is a paid position.
Tasks and Responsibilities
Assist the Portfolio Manager on all dispositions and refinances across the company’s portfolio
Run hold/sell and disposition analyses to determine where the company has accretive sale
Track, analyze, forecast and reforecast trends in financial performance and business plan execution
Maintain and update property cash flow models, valuation models and portfolio rollups in MS Excel
Utilize Business Intelligence platform and vendor dashboards to monitor operational performance
Prepare investor reports and respond to inbound investor inquiries, as directed
Prepare financial reporting packages and presentation materials for senior management, partners, and third-party clients on monthly, quarterly and/or annual basis
Facilitate the onboarding of new assets by preparing and maintaining transition reports and coordinating the process with vendors, property managers, and internal parties
Track and forecast capital projects and unit renovation progress and costs against the business plan to ensure delivery is on time and budget
Assist with analysis of property sectors, and real estate & economic trends
Complete Special Projects and additional duties as assigned
Abilities
Utilizing best judgement to meet targets and work under pressure
Strong multi-tasking skills and extreme attention to detail
Excellent communication skills: verbal, written, and interpersonal
Highly organized self-starter with ability to take direction and follow-through
Ability to apply best practices to facilitate successful completion of projects
A sense of urgency, comfort with ambiguity, drive for results and ability to remain true to the company’s brand and image
Qualifications
Seeking a graduate degree with an emphasis in Real Estate
1-4 years relevant experience; experience with multifamily real estate preferred but not required
Must be proficient in MS Excel, PowerPoint, and Word. Advanced Excel skills preferred
Previous exposure in real estate analytics and business intelligence platforms preferred but not required.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Ability to sit for up to 10 hours per day
Ability to move freely around the office for up to 10 hours per day
Ability to communicate verbally and in writing
Compensation
The salary range for this position is $30.00 an hour.
Equal Opportunity Employer
TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time.
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Employee Type Intern
Required Degree Masters
Manage Others No
About TruAmerica
Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid‑tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50. Today TruAmerica has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.
Objective
The role of the Portfolio Management Intern is to support the operations and Asset Management teams in the execution of strategic business plans. This position is also responsible for facilitating the company’s disposition and refinancing platforms. This internship is a paid position.
Tasks and Responsibilities
Assist the Portfolio Manager on all dispositions and refinances across the company’s portfolio
Run hold/sell and disposition analyses to determine where the company has accretive sale
Track, analyze, forecast and reforecast trends in financial performance and business plan execution
Maintain and update property cash flow models, valuation models and portfolio rollups in MS Excel
Utilize Business Intelligence platform and vendor dashboards to monitor operational performance
Prepare investor reports and respond to inbound investor inquiries, as directed
Prepare financial reporting packages and presentation materials for senior management, partners, and third-party clients on monthly, quarterly and/or annual basis
Facilitate the onboarding of new assets by preparing and maintaining transition reports and coordinating the process with vendors, property managers, and internal parties
Track and forecast capital projects and unit renovation progress and costs against the business plan to ensure delivery is on time and budget
Assist with analysis of property sectors, and real estate & economic trends
Complete Special Projects and additional duties as assigned
Abilities
Utilizing best judgement to meet targets and work under pressure
Strong multi-tasking skills and extreme attention to detail
Excellent communication skills: verbal, written, and interpersonal
Highly organized self-starter with ability to take direction and follow-through
Ability to apply best practices to facilitate successful completion of projects
A sense of urgency, comfort with ambiguity, drive for results and ability to remain true to the company’s brand and image
Qualifications
Seeking a graduate degree with an emphasis in Real Estate
1-4 years relevant experience; experience with multifamily real estate preferred but not required
Must be proficient in MS Excel, PowerPoint, and Word. Advanced Excel skills preferred
Previous exposure in real estate analytics and business intelligence platforms preferred but not required.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Ability to sit for up to 10 hours per day
Ability to move freely around the office for up to 10 hours per day
Ability to communicate verbally and in writing
Compensation
The salary range for this position is $30.00 an hour.
Equal Opportunity Employer
TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time.
#J-18808-Ljbffr