Ares Management
Analyst, Asset Management (Office, Life Science & Retail)
Ares Management, Denver, Colorado, United States, 80285
Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Position Summary This Analyst will be primarily taking on asset management responsibilities for multi-tenant office, life science and shopping center properties within the AREIT (Ares Real Estate Investment Trust) portfolio. Responsibilities include supporting the oversight of the day-to-day operations of each assigned asset including property operating and capital expenses, third-party providers, accounts receivable, lease provisions, financial analysis, and general support of senior asset management personnel. Such responsibilities directly affect the key operations of the business. There will likely be additional work helping with the strategic plan and operations of these asset types in closed-end vehicles with JV relationships in addition to REO assets.
Essential Duties
Perform valuation and sensitivity analysis (Argus and Excel) and recommendations for potential leasing transactions and redevelopment / repositioning opportunities.
Review, audit and summarize third-party appraisal reports.
Work with asset management personnel to ensure all leases are financially structured to maximize profitability for monthly the daily NGAV models while minimizing risk through financial modeling and analysis relative to underwriting, budget and market conditions.
Ensure accurate and timely submittal of management reporting on the portfolio: review of monthly third-party reports as well as assisting in the compilation of internal asset management portfolio reports and valuations. Conduct research and compile market data and industry commentary to support sector-level insights and strategic decision-making
Execute the annual budget process, including the preparation and completion of annual business plans and related revenue and expense budgets, marketing plans, and valuation models
Analyze financial performance, identifying opportunities to increase revenue and optimize expenses and capital expenditures
Travel to property sites approximately 20% of the time to support operational oversight and strategic initiatives
Responsible for assisting the disposition and acquisition team on the sale of assets, including valuations of the assets, due diligence tasks and collection of any documents pertinent to the sale.
Professionally represent Ares to the broader real estate community (e.g., brokers, property managers, contractors and other service providers)
Complete special projects as assigned
Required Knowledge, Skills and Abilities
Bachelor’s degree with undergraduate coursework in business, finance, accounting; with a strong understanding of real estate finance principles
Demonstrates strong collaboration skills and a commitment to team success, fostering a positive and inclusive work environment 1-5 years applicable work experience preferred
Financial background in real estate or finance preferred
Office or retail real estate experience preferred
Proficiency in Argus Enterprise; Argus certification a plus
Proficiency in Excel including lookups, index match, pivot tables
Outstanding academic credentials
Ability to comprehend, analyze, interpret and create real estate documents including, but not limited to, LOIs, RFPs, property offering memorandums, market reports and tenant leases
Excellent written and communication skills
Advanced PowerPoint and Word skills preferred
Willingness and ability to travel as needed
Reporting Relationships Principal, Real Estate Equity
Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$85,000.00 - $105,000.00
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
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Position Summary This Analyst will be primarily taking on asset management responsibilities for multi-tenant office, life science and shopping center properties within the AREIT (Ares Real Estate Investment Trust) portfolio. Responsibilities include supporting the oversight of the day-to-day operations of each assigned asset including property operating and capital expenses, third-party providers, accounts receivable, lease provisions, financial analysis, and general support of senior asset management personnel. Such responsibilities directly affect the key operations of the business. There will likely be additional work helping with the strategic plan and operations of these asset types in closed-end vehicles with JV relationships in addition to REO assets.
Essential Duties
Perform valuation and sensitivity analysis (Argus and Excel) and recommendations for potential leasing transactions and redevelopment / repositioning opportunities.
Review, audit and summarize third-party appraisal reports.
Work with asset management personnel to ensure all leases are financially structured to maximize profitability for monthly the daily NGAV models while minimizing risk through financial modeling and analysis relative to underwriting, budget and market conditions.
Ensure accurate and timely submittal of management reporting on the portfolio: review of monthly third-party reports as well as assisting in the compilation of internal asset management portfolio reports and valuations. Conduct research and compile market data and industry commentary to support sector-level insights and strategic decision-making
Execute the annual budget process, including the preparation and completion of annual business plans and related revenue and expense budgets, marketing plans, and valuation models
Analyze financial performance, identifying opportunities to increase revenue and optimize expenses and capital expenditures
Travel to property sites approximately 20% of the time to support operational oversight and strategic initiatives
Responsible for assisting the disposition and acquisition team on the sale of assets, including valuations of the assets, due diligence tasks and collection of any documents pertinent to the sale.
Professionally represent Ares to the broader real estate community (e.g., brokers, property managers, contractors and other service providers)
Complete special projects as assigned
Required Knowledge, Skills and Abilities
Bachelor’s degree with undergraduate coursework in business, finance, accounting; with a strong understanding of real estate finance principles
Demonstrates strong collaboration skills and a commitment to team success, fostering a positive and inclusive work environment 1-5 years applicable work experience preferred
Financial background in real estate or finance preferred
Office or retail real estate experience preferred
Proficiency in Argus Enterprise; Argus certification a plus
Proficiency in Excel including lookups, index match, pivot tables
Outstanding academic credentials
Ability to comprehend, analyze, interpret and create real estate documents including, but not limited to, LOIs, RFPs, property offering memorandums, market reports and tenant leases
Excellent written and communication skills
Advanced PowerPoint and Word skills preferred
Willingness and ability to travel as needed
Reporting Relationships Principal, Real Estate Equity
Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$85,000.00 - $105,000.00
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
#J-18808-Ljbffr