Job Details
Pegasus Asset Management ( Pegasus ) is currently hiring an Asset Management Associate that will be an integral member of a rapidly growing commercial real estate asset management firm that focuses primarily on retail real estate assets. The daily job responsibilities will include a wide range of asset management and accounting functions to maximize the performance of the fast-growing portfolio.
Pegasus is seeking a professional, meticulous, outgoing individual with a strong skillset within commercial real estate asset management. The candidate must be detailed-oriented, organized, and able to handle several tasks in a fast-paced environment with a can-do attitude.
The company culture at Pegasus is unique: a positive atmosphere in an open office design where top industry expertise will surround you and provide support and education. The Pegasus corporate headquarters is a modern office located in Century City and is composed of a group of professionals with an established track record. The candidate will be exposed to both the investment sales and capital markets divisions, which allows for learning a larger breadth of real estate knowledge and promotes both creative thinking and collaborative problem solving.
Primary responsibilities will include:
- Provide analytical support to assist with the asset management function of existing managed properties, including valuations, cash management, and other ad hoc sensitivity analyses.
- Assist in generally managing the asset management team to ensure the efficient operation of the portfolio, adherence to best practices with respect to managing a portfolio of 300+ properties nationwide. Innovate and implement new procedures as needed to maximize both property and employee performance.
- Work with in-house leasing team to analyze and negotiate new leasing deals.
- Assist in maintaining continuity and organization of important lease dates for tenants within the portfolio (expiration dates, option execution dates etc.).
- Annual budgeting and reforecasting in coordination with asset & property management, design & construction, leasing and accounting teams.
- Execute comprehensive annual business plans and budgets for each asset.
- Provide solid team leadership in training and mentoring of asset management team to meet company objectives.
- Prepare Argus valuations for various properties and portfolios.
- Generally support the Asset Management team in preparing and reviewing property-level strategies for leasing, operations, and capital expenditures and compile business plans, property operating budgets, capital budgets, income reprojections, and compliance.
Experience and Qualifications:
We are looking for an assertive, creative, thick-skinned candidate who has an entrepreneurial spirit and who is passionate about this exciting opportunity to grow within the company. Additional requirements include:
- Bachelor s degree from an accredited college or university.
- 4+ years of relevant experience with a demonstrated understanding of commercial real estate valuation and discounted cash flow analysis, and exposure to all property types.
- Strong quantitative and computer skills, specifically Excel and Argus Enterprise, and familiarity with the leading commercial real estate market data resources (i.e. CoStar).
- Exceptional analytical, written and verbal communication skills.
- Ability to be organized, detail-oriented and to work efficiently under pressure in a fast-paced environment.
- Yardi experience preferred.
This position reports to the President. The Asset Management Associate will be joining a highly collaborative team as a player-coach and will be integral to the growth of the business. We are looking for an individual who desires to join our team to help support and grow the asset management portfolio.
To learn more about us, please visit www.pegasusam.com