State: VA
City: Arlington
Zip Code: 22203
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
JOB SUMMARY:
Based in Arlington, VA, this Manager of Asset Management position is primarily responsible for developing, enhancing and maintaining cash flow models for the entire portfolio of 300 communities and 91,399 homes. The successful candidate will have a high level of interest in growing their professional skills in investment modeling for real estate investment portfolio management and a desire to be an analytical resource supporting executive decision making for portfolio allocation.
Essential Job Functions:
Enhance and maintain 10-year cash flow models for development of asset level business plans and a roll up of projected portfolio performance. Work cross-functionally with the company’s Market Research, Investments and Finance groups.
Research market indicators, analyze and prepare insights for the annual business planning process and mid-year reforecast.
Prepare internal materials for asset value estimates, annual capital plans and forecasts, and capital investment return performance.
Prepare, coordinate, and ensure timely completion of any portfolio-level analytics for periodic portfolio reviews and other enterprise-level analysis/initiatives.
Collaborate to identify key performance indicators (KPI) for portfolio performance.
Model scenarios to understand portfolio performance versus submarket using KPIs and/or other metrics.
Perform bespoke investment return analysis for the Asset Management group, contributing as a thought leader among the group.
Prepare other detailed financial analysis of real estate assets including but not limited to the following: discounted cash flow analysis, time-weighted returns, IRRs, equity multiples, FFO yields and other various financial and performance measurement metrics.
Minimum Qualifications:
Education:
• BA/BS degree in. finance, real estate, economics or a related field
• MBA in Finance, Real Estate or related field preferred.
Experience:
• 3-7 years of experience in asset management, acquisitions, investments or finance within real estate, preferably with multifamily real estate.
Knowledge, Skills and Abilities:
• Excellent oral and written communication skills are essential.
• Self-starter, takes initiative, and resourceful.
• Fundamental understanding of value and creating value.
• Knowledge of real estate property management operations and financial reporting.
• Knowledge of entitlement and forward planning to assess value creation opportunities.
• Communication skills—verbal and written—and presentation skills.
• Prioritization and organization skills with a strong ability to multi-task.
• Ability to develop financial analysis and possess strong analytical and financial acumen.
• Advanced knowledge of Microsoft Excel.
• Ability to demonstrate good business judgment and decision-making.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Job ID JR102740