Asset Management Analyst Job Description, Duties, and Responsibilities
What Does an Asset Management Analyst Do?
Asset management analysts work on day-to-day tasks for properties that are already in their company’s portfolio with the goal of maximizing the profitability of the operating assets.
Their job description entails performing analyses in support of the operating performance of assets, and providing assistance with budgeting/re-forecasting, financial analysis (NPV, DCF, IRR, etc.).
They work in real estate investment and development companies, asset management companies, etc.
Their effort is directed towards maximizing total ROI for all assets and assessing where to add value and improve on current and existing assets of the company.
The asset management analyst’s role also involves providing direction/leadership and oversight for business plans, budgets, forecasts, leases, analysis, and approvals.
They work in a collaborative fashion with third-party property managers, lease administrators, leasing agents, legal counsel, auditors, and accountants.
They work with other professionals to provide a vision for the capital improvements of the assets in their portfolio.
They also track lender mandated reporting and covenants such as debt service ratio coverage.
Asset management analysts are responsible for developing and distributing periodic asset management reports to investors, consultants and other partners.
Their work description also entails analyzing operating reports weekly and monthly from property managers and applying different financial evaluation methods (such as IRRs, NPVs, WACCs, etc.) related to the valuation and performance of real estate.
They prepare reports for lenders, institutional partners, and the Investment Committee using PowerPoint and Adobe suite tools.
They also work with Acquisitions team to develop business plans for assets already in their company portfolio, and ensure adherence to policies and procedures to maintain effective internal controls.
Asset analysts are also responsible for negotiating third party contracts and assisting in operational takeovers and property manager transitions.
To become an asset management analyst, you must possess a minimum of Bachelor’s degree in Finance, Accounting, or Real Estate, but an MBA is usually preferred.
In addition to honed skills, to work and be successful on the job, asset management analysts should also possess some role base soft skills, including excellent communication skills, strong computer and analytical skills; collaborative and organizational skills.
Asset Management Analyst Job Description Example/ Sample/Template
Asset management analysts perform various functions, including working on refinances, rehabilitation projects, annual budgets, writing and managing leases, legal and accounting, over-seeing and directing property management, property dispositions, etc. aimed at maximizing ROI on assets in their company portfolio.
The major tasks, duties, and responsibilities of an asset management analyst are listed in the job description example below:
- Provides support for asset managers in leases and setting up and maintaining Lease Profiles and Rent Rolls, and preparing and revising letters of intent
- Prepares correspondence to tenants, owners, and lenders as needed
- Responsible for engaging and managing third-party vendors when acquiring new assets
- Responsible for the monthly reviews of operating reports, and monitors budget and loan covenants
- Undertakes the development and maintenance of underwriting models for several development projects and stabilized acquisitions
- Responsible for managing asset management files and records
- Provides assistance in the review and analysis of operator provided annual budgets, including capital expenditures, operating expenses, and revenue assumptions
- Provides assistance in the quarterly reforecast of budgets, including revenue assumptions, operating expenses, and capital expenditures
- Provides assistance in the review of monthly community level reporting and lead variance calls with operating partners
- Prepares and presents asset management and disposition related summaries to investment committee
- Monitors NOI, expense and other variances through monthly and quarterly reporting, and summarizes findings to the appropriate department
- Partners with the Asset Management team on compilation of market studies, competitive analysis and strategy to conduct a property and operator level reporting trend analysis
- Prepares operation and local market assessments on visited properties, and shares assessment with leadership
- Acts as the central interface between operating partners and internal groups, and assists with payment reconciliation and document collection.
Asset Management Analyst Requirements – Skills, Knowledge, and Abilities for Career Success
To gain employment as an asset management analyst with a company, you will be expected to meet the employer’s job requirements, which include certain skills, knowledge, experience, abilities, etc.
It is expected that meeting these requirements will enable you to be effective in performing the obligations, objectives, and purpose of the asset management analyst role that will be assigned to you, and be successful in your career.
Shown below are major requirements most employers of asset management analysts may expect applicants to meet to be hired for the position:
- Education: A minimum of Bachelor’s degree in Finance, Accounting or Real Estate is required to work as an asset management analyst, but an MBA is usually preferred
- Knowledge: Their job description requires them to have a broad knowledge and experience in commercial real estate; accounting principles; financial modeling and projections; proficiency in Excel; and experience with Argus is a plus
- These analysts should have a strong lease administrative and hands on asset management experience; experience in site leadership managing over property managers, vendors, and maintenance professionals may also be required
- They must possess adept understanding of different financial evaluation methods related to valuation and performance of real estate (such as IRRs, NPVs, WACCs, etc.)
- Interpersonal skills, which is essential for establishing, building, and sustaining relationships
- Organizational skills: This is required for asset management analyst to effectively coordinate and manage multiple assignments, efficiently prioritize tasks, and work with multiple parties
- Analytical skills: The asset management position is basically an analytical one – analyzing budgets, expenditures, competition, trends, etc. Therefore, it is critical that applicants possess analytical abilities for evaluating and completing a wide range of job based transactions
- Communications skills: They must possess great communication skills to communicate with tenants, owners, and lenders both verbally and in writing in a professional and customer oriented manner. This skill is also important for handling internal customers, external bankers, auditors, tax accountants, and insurance professionals professionally
- Quantitative skills: It is essential that applicants for the asset management analyst position have the ability to perform basic mathematical calculations with ease
- Computer skills: This role requires performing a lot of manipulations on Excel; therefore, asset management analysts must be proficient in using Microsoft Excel and other MS Office applications. Ability to work with Argus, Timberline, or other property management accounting software is a plus for the analyst.
- Team player: it is essential that individuals seeking the asset management analyst job possess the capability to work in a team oriented environment.
This post is helpful to employers, recruiters, or HR managers who are hiring for the asset management analyst position in their company.
They will be able to make effective description of the available job to attract the best candidates to their offer by applying the sample asset management analyst job description provided in this post.
Also, this article is useful to individuals looking to become an asset management analyst. They will get the information that they need to gain huge knowledge about the career, including the duties and responsibilities of the job they will be expected to carry out when hired.
Did this article help in increasing your knowledge of what asset management analysts do? Please, leave a comment in the box below. Do also share your job description if you work as an asset management analyst in your organization.