Community Assistant- Tower 701 (Student Living)

Associate, Asset Management

R0175591 City Office Newport Newport Beach, California

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• Overview
• Job Responsibilities
• Success Profile
• Trending
• Benefits

Overview

Greystar is looking for dedicated and hard-working individuals who want to help us continue to be the best at what we do. Today, we are the largest rental housing operator and developer in the US and one of the largest global investment management companies, delivering industry-leading services to investors, clients, and residents. We offer unrivaled professional development and career growth opportunities to our team members and look forward to welcoming you to Greystar, where our people are what make us the Global Leader in Rental Housing.

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Job Responsibilities

About Greystar

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over 1,000,000 units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit

Job Description Summary

The Asset Management Associate drives the execution, development, and implementation of various strategies and programs that enhances financial and operational performance by synthesizing operational results and market data to identify opportunities to drive performance.

Job Description

KEY RESPONSIBILITIES:

• Conducts financial analysis of multifamily development assets, including the creating of detailed pro-forma and Excel based financial models. Gathers, complies, investigates, and analyzes market data to identify market trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property level and market trends.
• Collaborates on new investment committee memos, financing or disposition recommendations and updates on existing development assets.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, regional property management and other key stakeholders, and appropriately manages on-going communications related to development transactions.
• Participates in developing documentation and recommendations on key findings that may affect the return and financial performance of the asset(s).
• Organizes and/or leads the disposition process including broker coordination and the due diligence or assets under contract. Performs valuation analysis and develops documentation and recommendations based on key findings that may affect the return and financial performance of the asset(s).
• Monitors and reports on the status and progress of sales transactions and new product deliveries within the assigned geographic region. Establishes critical timelines and deadlines for tasks and activities related to the proposed transaction and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.
• Works with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promote efficiencies, and promote the overall performance of the asset(s). Participate and/or lead evaluation of rent structures and leasing velocity.
• Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports.
• Performs various functions on a regular basis, including the monitoring, reporting and proactive problem solving of the asset(s) within the assigned geographic region.
• Coordinates with consultants related to real estate tax protests.
• Assists with the preparation of annual level business plans including review of operating budgets, market analysis, real estate tax forecast and disposition strategy.
• Completes various financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
• Take an active role in group special projects including bi-annual portfolio revaluations as well as ad hock reporting requests.
• Prove peer training for new and existing analyst related to modeling and group reporting requirements.
• Complete cash needs and distribution analysis as needed.

Basic Knowledge & Qualifications

• A bachelor’s or master’s degree in finance, accounting, business, real estate, economics, or a related field from an accredited institution is preferred.
• Two or more years of experience in real estate finance.
• Attention to detail and strong creative problem-solving skills.
• Proficiency in Excel and financial modelling skills.
• Strong organizational, time-management and project management skills to effectively track, report and manage multiple projects and priorities where meeting deadlines is critical.
• Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
• Professional presentation skills and public speaking ability.

The salary range for this position will be between $110,000.00 - $150,000.00.

Additional Compensation

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.
• Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [email protected].

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Success Profile

What makes a successful Greystar team member? Check out the top traits we’re looking for and see if you have the right mix.

• Creative
• Decision Making
• Conceptual
• Imaginative
• Industrious
• Leadership

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Meet our people and discover how you can make an impact providing a home to people across the world.

"My first 5 years at Greystar have been incredibly special due to the great people I am surrounded with and the amazing projects I get to be a part of. My rate of personal growth just wouldn’t have been the same!"

• Xavier

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Benefits

Healthcare

Health insurance (including company-paid opportunities) is offered, along with competitive dental (US Only) and vision insurance* plan options

• in select countries

Retirement Planning

We know planning for retirement is a top priority for our team members. We offer competitive retirement savings plans including employer-matched 401(k) plans (US Only) and country-specific Pension Schemes to ensure the security of your financial future.

Paid Time Off

Full-time team members receive generous paid time off – including your birthday! – as well as paid sick leave, personal days, and company holidays*

• varies by country

Paid Parental Leave

Maternal and paternal paid leave is available for the birth or adoption of a child

Professional Development

Ongoing support is available for career advancement opportunities in addition to corporate training programs

Employee Assistance

Program

Experienced counselors are available 24/7 for confidential assistance to listen and help you find solutions at no cost to you

Note: Outlined benefits may vary by international region.

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