Redevelopment and Asset Management Analyst
Woodland Hills, CA
Essex offers a comprehensive benefits package that reflects how much we value our associates and their families:For regular full-time associates regularly scheduled to work at least thirty (30) hours per week:• Medical, Dental, Pre-tax flex plan, Basic life insurance, Supplemental life, Short- and long-term disability, Accidental death insurance plans.For part-time and full-time associates:• Employer-matching 401(k) plan that offers financial planning and independent brokerage services.• Wellness Program, 24-hour Employee Assistance, Service awards and Paid time-off.
Asset Management Group (“AMG”) serves to maximize the value of Essex’s portfolio by deploying capital to drive rent growth and internally increase the NOI of the existing portfolio. AMG executes both revenue generating and non-revenue generating investments for purposes of both value preservation and value creation within the existing portfolio. The department opportunistically seeks investments and remains flexible in its ability to scale projects in response to changing and dynamic market conditions.
This is an excellent opportunity for someone with 1-2 years of real estate experience and strong analytical skills. The Asset Management Analyst will primarily focus on supporting the team develop strategies for each asset and underwrite a variety of projects types, gathering and analyzing data, and generating reports.
Assist in underwriting revenue generating projects.
Assist in the operation and execution of existing projects in all regions (Southern/Northern California & Pacific Northwest) of the portfolio.
Analyze performance of ongoing renovations/value-add projects.
Create and fund capital budgets for new and existing revenue generating projects.
Interact with internal groups: operations, accounting, project management (construction), marketing, and revenue management.
Collect and analyze markets and industry data and prepare market analysis.
Ensure budgets and renovation premiums are inputted correctly.
Complete capital improvement passthrough applications.
Develop reporting tools to track renovation volume and ensure accurate unit pricing.
BS/BA with emphasis on real estate, finance, accounting and/or economics.
1-2 years of direct real estate and analytical experience preferred.
Strong analytical and Excel skills required.
Strong oral and written communication skills.
A self-starter with eagerness to learn.
Proficiency with Microsoft Office applications required.