Scion is paving a path in student living and we’re seeking a talented Asset Management Associate to join us in executing our vision. This position is responsible for optimizing operational performance, creating value at the individual asset and portfolio level, and mitigating portfolio risk. With direct oversight over a portfolio of owned assets, this position will incorporate a value-oriented approach to improve the long-term financial performance of the portfolio.
The Asset Management Associate will work in a fast-paced, agile, corporate environment. This role demands principled industry knowledge, well-honed analytical skills, a proactive nature, and excellent communication.
Your Benefits
- Discretionary annual bonus
- Paid Time Off
- Health Insurance
- Dental Insurance
- Vision Insurance
- 401k Matching
- Paid Maternal Leave
- Parental Leave
- Learning reimbursement opportunities
Responsibilities:
- Lead the creation and maintenance of property business plans, operating budgets, and capital improvement plans through collaboration with FP&A, corporate operations, accounting, capital, and investment management teams.
- Review monthly, quarterly, and annual budget variance reports, identifying and presenting areas of concern and potential areas of improvement to senior management.
- Combine a long-term mindset with a proactive approach towards each asset through analysis and execution of opportunities and present results to senior management
- Conduct on-site inspections of properties within assigned portfolio to develop a complete understanding of each property, opportunities for growth, and assess operational and management performance. Communicate concerns to relevant stakeholders when expectations are not being met.
- Provide analytical support to determine the ROI of operational and leasing strategies, redevelopment prospects, and other ad hoc property opportunities. Implement appropriate value enhancing strategies through collaboration with corporate operations, capital, and investment management teams.
- Identify and oversee repositioning opportunities. Create financials models to justify major capital improvements and repositioning strategy. Opine on project scope, anticipated rent premiums, and own the ongoing implementation to ensure ROI is met.
- Monitor and analyze existing debt obligations for each property, including loan terms, interest rates, and maturity dates.
- Assist with debt refinance and disposition processes.
- Assist with due diligence process on acquisition projects and with the transition of newly acquired properties into portfolio asset management platform.
The responsibilities listed above are not all-inclusive.
Qualifications:
- Bachelor’s degree in real estate, finance, economics or other STEM background. MBA or advanced degree is a plus
- 3-5 years of relevant experience in real estate finance and analytics; Prior experience specifically with asset management in commercial real estate
- Advanced analytical skills with an ability to convey complex datasets and information to internal management and external partners
- Advanced financial modeling skills and advanced proficiency with Microsoft Excel, Word, and PowerPoint
Operational Details:
- Job location is based at Scion’s Chicago corporate headquarters. Willingness to travel up to 50% of the time.
- Working hours consist of standard daytime business hours, with flexibility during peak times.
The Scion Group LLC provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, religion, creed, national origin, color, gender, sex, sexual orientation, gender identity or expression, age, physical or mental disability (as long as the employee/applicant is otherwise qualified for the job with or without a reasonable accommodation), genetic information, HIV/AIDS status, marital status, uniformed service, veteran status, pregnancy or other legally protected status or category under federal or state law. The Scion Group LLC complies with applicable state and local laws governing nondiscrimination in employment in all locations in which the Company has properties. This policy applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfers, leaves of absence, compensation, training and other terms and conditions of employment. The Scion Group LLC is committed to the principles of equal employment opportunities.
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