Asset Management Associate

## Description

Department: Asset Management

Reports To: Senior Vice President, Portfolio Management

FLSA Status: Exempt

**PURPOSE OF POSITION**

The Associate, Asset Management supports the performance, reporting, and strategic execution of Carr Properties’ portfolio of office and multi-family assets. This position works across leasing, financial reporting, budgeting, valuation, and investment decision-making, and is responsible for producing accurate, decision-ready analyses and materials for executive leadership, the Board, Operating Committee, FP&A, and other stakeholders. The role requires strong analytical ability, attention to detail, sound judgment, and the ability to manage recurring deliverables in a deadline-driven environment.

**ESSENTIAL DUTIES & RESPONSIBILITIES**

• Collaborate with asset management, leasing, accounting, FP&A, property management, construction management, legal, external appraisers, brokers, and senior leadership to ensure timely and accurate outputs.
• Perform lease and deal-level underwriting, including comparison to original underwriting, evaluation of value accretion or dilution, and net effective rent analysis.
• Assist in preparation and strategy development of annual Asset Strategy Reviews (including IRR/NPV hold period analysis)
• Support semi-annual valuation processes by organizing source data, reviewing appraisal models, analyzing value changes, challenging assumptions, and documenting review procedures in accordance with internal control and audit requirements.
• Coordinate lease-execution workflows by updating trackers and models, calculating broker commissions, and routing supporting documentation through required approval channels.
• Assist in the preparation of annual business plans and budgets by updating lease assumptions, coordinating with internal teams, and reconciling assumptions across systems and reporting materials.
• Monitor portfolio and market activity, including lease rollover exposure, known vacates, market leasing assumptions, and competitive conditions, and incorporate these inputs into reporting and recommendations.
• Assist in preparing quarterly board package, including maintaining and validating key reporting files and models, including occupancy trackers, Argus working models, leasing trackers, commission trackers, and capital spend workbooks.
• Primary departmental liaison with development and implementation of IT initiatives
• Maintain organized workpapers, analyses, and correspondence to preserve continuity, auditability, and institutional knowledge
• Identify inconsistencies, surface risks, and escalate issues that may affect valuations, leasing economics, budget assumptions, or executive reporting.

**ESSENTIAL KNOWLEDGE & SKILLS**

• Strong understanding of commercial real estate asset management, including leasing economics, valuation methodology, discounted cash flow analysis, budgeting, and portfolio reporting.
• Strong written and verbal communication skills. Basic presentation skills (and a strong aptitude for development in this area) will be critical to advancement
• Ability to manage multiple priorities and recurring deadlines in a fast-paced, deadline-driven environment.
• Strong judgment, problem-solving ability, and attention to detail.
• Collaborative mindset and ability to work effectively across functions and with internal and external stakeholders.
• Advanced Excel skills, including financial modeling, data organization, tie-outs, and use of linked workbooks and standardized templates.
• Working proficiency in Argus Enterprise.
• Strong computer skills, including fluid knowledge of PowerPoint
• Ability to leverage AI tools to increase efficiency and productivity
• Ability to recognize the needs and concerns of customers and co-workers
• Ability to work within set standards and procedures; receive guidance and supervision; follow work rules and safety and security practices
• Demonstrate high levels of creativity and energy

**EDUCATION & EXPERIENCE**

• Bachelor’s degree required, MBA is a plus
• Strong financial background, preferably with 2+ years of experience in commercial asset management and/or acquisitions of institutional quality office buildings, with experience in property operations, lease documentation, underwriting, due diligence, financial management and reporting.

**BENEFITS/COMPENSATION**

Carr Properties is committed to providing our associates with a comprehensive and competitive pay and benefits program. The anticipated total compensation for this role is up to $113,000 based on experience. Our benefits include:

• Health, Dental & Vision
• Short & Long-Term Disability
• Life Insurance
• Flexible Spending Accounts for Health & Transit
• Maternity & Parental Bonding Leave
• Employee Assistance Program
• 401 (k) with Immediate Vesting & Matching Contribution
• Tuition Assistance & Professional Development
• Generous Paid Time Off & Holidays
• Employee Referral Bonus

*Carr Properties is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or veteran status.*