Senior Asset Management Associate Position Type: State: New York City: New York Zip Code 10123 Total Base Pay Range $78,000.00 - $130,000.00 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 The Senior Associate of Asset Management is responsible for providing analytical, managerial, and research support to the Northeast Asset Management team. The Senior Associate's responsibilities will include:
- Analyzing long-term asset performance and developing go-forward investment strategies via property-level business plans and hold/sell analysis;
- Prepare detailed financial analyses 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;
- Identifying and managing value-add opportunities to drive key performance;
- Identifying and implementing risk mitigation strategies as needed;
- Assessing capital expenditure needs;
- Serving as primary asset manager on a portfolio of assets in the region;
- Collaborating with internal AVB stakeholders such as Residential Services (property management), Capital Projects (capex project management team), Investments (transactions team), Development, etc. on material recommendations, initiatives, etc.
Qualified candidates will have at a BA/BS in Finance, Real Estate, Economics or a related field, 3-5 years of experience in Asset Management, or Acquisitions, or related field (Brokerage, Valuations, etc.). Excellent oral and written communication skills are essential. Advanced knowledge of Microsoft Excel, attention to detail, and strong financial acumen are required. This position involves extensive interaction with internal AvalonBay stakeholders, as well as external partners.
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 ( 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 (