Assistant Real Estate Manager

Job Description

Job Description

The Assistant Real Estate Manager is responsible for executing the financial aspects of day-to-day operations of 2-3 assets. Involved with many critical aspects of Property Management including tenant collections, annual business plans and operating budgets, operating expense management and financial reporting, monitoring escrows, managing critical dates and effective transition of assets into and out of the portfolio. Additionally, the Assistant Real Estate Manager reports to the Senior Real Estate Manager and is responsible for providing overall lift to the team, including but not limited to the following areas:

• AR support to the Property Management team
• COI maintenance
• SOW/service contracts
• Yardi support/PI
• Insurance claims admin
• Property inspection support (tracking)
• Variance support (upload of reports)
• Budget package support
• Document management (team SharePoint site)

The Assistant Real Estate Manager will be required to carry out the day-to-day monitoring of their assets. This involves approval of invoices and managing all proper expenses, monitoring escrow balances, ensuring property fees are calculated and paid timely and accurately and managing all relevant building critical dates. There is also heavy responsibility for the Tenant Accounts Receivables Process & Reporting, including proactive escalation as established by protocol.

TEAM COLLABORATION

The position requires a heavy interface with all Property Management team members including General Managers and Real Estate managers. A consistent and strong communication approach is required for both internal team coordination as well as that required with other business stakeholders including asset management, capital markets, finance and accounting. Finally, the AREM will have critical responsibility towards the successful transition of assets in and out of property operations.

QUALIFICATIONS AND REQUIREMENTS

• 2-3 years of related experience in the Commercial Real Estate Industry
• Bachelor’s Degree Required
• Real Estate License Required

• Strong Proficiency in all Microsoft Office Applications including Excel, Word and Outlook
• Knowledge of Yardi a plus

• Demonstrates strong working knowledge of real estate concepts
• Strong and consistent communication skills – both oral and written
• Effective time management skills
• Professional appearance and demeanor
• Possess a high level of analytical skills coupled with solid financial acumen