Asset Management Associate

Department: Asset Management

Reports To: Senior Vice President, Portfolio Management

FLSA Status: Exempt

PURPOSE OF POSITION

The Associate, Asset Management supports the performance, reporting, and strategic execution of Carr Properties’ portfolio of office and multi-family assets. This position works across leasing, financial reporting, budgeting, valuation, and investment decision-making, and is responsible for producing accurate, decision-ready analyses and materials for executive leadership, the Board, Operating Committee, FP&A, and other stakeholders. The role requires strong analytical ability, attention to detail, sound judgment, and the ability to manage recurring deliverables in a deadline-driven environment.

ESSENTIAL DUTIES & RESPONSIBILITIES

Collaborate with asset management, leasing, accounting, FP&A, property management, construction management, legal, external appraisers, brokers, and senior leadership to ensure timely and accurate outputs.

Perform lease and deal-level underwriting, including comparison to original underwriting, evaluation of value accretion or dilution, and net effective rent analysis.

Assist in preparation and strategy development of annual Asset Strategy Reviews (including IRR/NPV hold period analysis)

Support semi-annual valuation processes by organizing source data, reviewing appraisal models, analyzing value changes, challenging assumptions, and documenting review procedures in accordance with internal control and audit requirements.

Coordinate lease-execution workflows by updating trackers and models, calculating broker commissions, and routing supporting documentation through required approval channels.

Assist in the preparation of annual business plans and budgets by updating lease assumptions, coordinating with internal teams, and reconciling assumptions across systems and reporting materials.

Monitor portfolio and market activity, including lease rollover exposure, known vacates, market leasing assumptions, and competitive conditions, and incorporate these inputs into reporting and recommendations.

Assist in preparing quarterly board package, including maintaining and validating key reporting files and models, including occupancy trackers, Argus working models, leasing trackers, commission trackers, and capital spend workbooks.

Primary departmental liaison with development and implementation of IT initiatives

Maintain organized workpapers, analyses, and correspondence to preserve continuity, auditability, and institutional knowledge

Identify inconsistencies, surface risks, and escalate issues that may affect valuations, leasing economics, budget assumptions, or executive reporting.

ESSENTIAL KNOWLEDGE & SKILLS

Strong understanding of commercial real estate asset management, including leasing economics, valuation methodology, discounted cash flow analysis, budgeting, and portfolio reporting.

Strong written and verbal communication skills. Basic presentation skills (and a strong aptitude for development in this area) will be critical to advancement

Ability to manage multiple priorities and recurring deadlines in a fast-paced, deadline-driven environment.

Strong judgment, problem-solving ability, and attention to detail.

Collaborative mindset and ability to work effectively across functions and with internal and external stakeholders.

Advanced Excel skills, including financial modeling, data organization, tie-outs, and use of linked workbooks and standardized templates.

Working proficiency in Argus Enterprise.

Strong computer skills, including fluid knowledge of PowerPoint

Ability to leverage AI tools to increase efficiency and productivity

Ability to recognize the needs and concerns of customers and co-workers

Ability to work within set standards and procedures; receive guidance and supervision; follow work rules and safety and security practices

Demonstrate high levels of creativity and energy

EDUCATION & EXPERIENCE

Bachelor’s degree required, MBA is a plus

Strong financial background, preferably with 2+ years of experience in commercial asset management and/or acquisitions of institutional quality office buildings, with experience in property operations, lease documentation, underwriting, due diligence, financial management and reporting.

BENEFITS/COMPENSATION

Carr Properties is committed to providing our associates with a comprehensive and competitive pay and benefits program. The anticipated total compensation for this role is up to $113,000 based on experience. Our benefits include:

Health, Dental & Vision

Short & Long-Term Disability

Life Insurance

Flexible Spending Accounts for Health & Transit

Maternity & Parental Bonding Leave

Employee Assistance Program

401 (k) with Immediate Vesting & Matching Contribution

Tuition Assistance & Professional Development

Generous Paid Time Off & Holidays

Employee Referral Bonus