Asset Management Associate

Full Time
King of Prussia, PA 19406
Posted
Job description
Overview:

What you will be doing:

The Asset Management Associate will be responsible for preparing lender and partner reporting on a monthly and quarterly basis in order to ensure compliance with our financing and partnership agreements. Also responsible for preparation of financial variance analytics to support the monthly and quarterly internal reporting process.

Essential Functions:

  • Monitor financial reporting matrix to ensure that all lender and partner reporting deadlines are met.
  • Research and respond to partner and lender questions on the quarterly financial results.
  • Review loan and partnership documents for new acquisitions/refinances and document financial reporting requirements.
  • Prepare monthly reporting package detailing financial results by portfolio, regional and Area VP.
    • Budget and prior year variance reports
    • Payroll overtime report
    • Temporary help analysis
    • Bad debt reports
    • Cash flow statement summary by CSA and AVP
    • Key performance indicator scorecard
  • Monthly construction management fee calculation and payment processing.
  • Construction draws for properties with rehabilitation projects and lender-mandated immediate needs.
  • Assist with the preparation of quarterly internal financial reporting package for senior management.
  • Prepare and post job cost reclasses.
  • Collaborate with colleagues in financial operations to obtain data and explain variances; report variances to management on a monthly basis.
  • Works on special projects and acquisition due diligence as requested.
  • Year end capital accrual analysis.
Qualifications
  • Bachelor's degree (B. A.) from four-year college or university

  • Multi-family experience preferred.
  • Asset Management experience preferred.
  • Proficiency in Microsoft Office, with advanced Excel skills.
  • Must be goal oriented and able to work in a fast paced environment
  • Analytical mindset required.

The “Benefits” of Employment:

  • Employee referral payment program
  • Educational Enhancement Program
  • Medical, Dental, and Vision benefits
  • Life/AD&D Insurance
  • Long and short term disability
  • Retirement Plan - 401(k) Plan
  • Discount on an apartment with any one of our properties
  • Free access to pool and fitness center

Get To Know Us:
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 350 apartment communities and over 95,000 units located in 19 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise.


Learn more about Morgan Properties at
www.morganproperties.com.

gatheringourvoice.org is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, gatheringourvoice.org provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, gatheringourvoice.org is the ideal place to find your next job.

Intrested in this job?

Related Jobs

All Related Listed jobs