Asset Management Analyst - Multifamily

Analyst, Asset Management

Job Title: Asset Management Analyst - Multifamily

Status: Exempt

JOB SUMMARY: As our Asset Management Analyst - Multifamily, you will be expected to oversee, a select number of assets under the direction of the AVP, Asset Management and provide analytical and administrative support for a variety of asset management functions across the company's real estate investment portfolio.

The initially assigned responsibilities will include direct oversight for approximately 25 properties in the northeastern region that are part of a bigger 41-property portfolio located in New Jersey of Garden-style properties.

The role will work closely with the other members of the Asset Management team and interact with the other corporate teams including Property Management, Construction Management, Investor Relations, Transactions, and Accounting.

ESSENTIAL DUTIES AND RESPONSIBILITIES: include the following but are not limited to the job specifications contained herein.

Additional duties or job functions that can be performed safely may be required as deemed necessary by Harbor Group.



* Review weekly and monthly property data for owned properties including leasing reports, traffic reports, construction progress reports, collections, aged delinquencies, etc., and work with Property Management to improve operational performance.

With a focus on overall business plan implementation more than operational execution, identify and troubleshoot issues relating to occupancy and turnover, opportunities to improve rents and implement other income initiatives, controlling expenses, and addressing renovation program challenges including leasing issues, scope of work, rent premiums, excess turn times, etc.

Stay abreast of micro, local, and regional market trends and meet or exceed market-based performance benchmarks.


* Monitor, review, and evaluate financial operating results, working with Property Management to implement changes as needed to enhance cash flow and profitability.

Manage capital improvement and other reserve balances.

Ensure that quarterly and annual cash distribution targets to investors are met.


* Conduct site visits on a regular basis and meet with Property Management to review and assess operations, capital improvement programs, and property physical condition.

Given the nature of the initial portfolio, it is anticipated that travel and site visits will not have to be as frequent as for other properties with a greater value-added component.


* Manage the annual budget review and approval process for the assigned portfolio and for new acquisitions.


* Oversee outside tax consultants to ensure timely review of tax assessments and oversee tax appeals.


* Develop a working knowledge of the properties, loan documents, partnership agreements, and other agreements.

Working with Property Management and the finance team, ensure compliance with regulatory, contractual, and lender requirements.


* Provide mont...