Asset Management Associate

About dlcmanagement

• DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation.
• DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate.
• At DLC, our teammates make all the difference and we offer industry-leading training and career development to assure your success.
• Founded in 1991, DLC has been one of the nation’s preeminent owners, operators, and managers of shopping centers.
• Our portfolio includes millions of square feet of attractive retail space and continues to expand as we complete additional acquisitions.

Responsibilities

• Direct and oversee the work of an Asset Management Analyst.
• Perform a wide range of analyses including: dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, and other ad hoc analyses.
• Understands loans and debt structure, transactional documents and processes and management agreements.
• Lead monthly Joint Venture Partner calls and ad hoc calls/meetings.
• Analyze operating budgets, capital plans and reforecasts.
• Provide variance commentary to original business plan.
• Monitor property performance throughout the redevelopment cycle in support of critical capital market events.
• Review monthly financial reports, perform variance analysis, identify and report trends, red flags, etc.
• Create, implement, and maintain various reports tracking property operations and performance across all vertical departments.
• Develop and maintain sophisticated dashboards, financial models, templates and analyses to monitor assets relative to each business plan and budget.
• Respond to Lender, JV Partner or Senior Management requests relating to asset performance and statuses.
• Review Lender covenant calculations for accuracy and input.
• Prepare and update monthly cash flow forecasts with new/updated property and portfolio level information.
• Evaluate and determine monthly distributions and/or capital calls for Senior Management and JV Partner approval.
• Prepare materials for partner meetings.
• Evaluate and facilitate loan advance or escrow draw requests.
• Organize, oversee and review the annual property operating budgets and business plans for portfolio.
• Integral team member in rolling up asset and portfolio budget metrics to guide business plan.
• Work with and through various vertical departments for budget approval internally and lead JV Partner approval process for assigned assets.

Requirements

• Ability to collaborate with all departments to accomplish the team's objectives in a growing portfolio.
• Well developed and effective communication and interpersonal skills.
• Ability to persuade and influence in order to get all parties’ buy in.
• Hands-on and ready to pitch in on whatever is needed.
• Service first attitude.
• Proactive, energetic with a creative disposition.
• Problem solver and resourceful.
• High sense of urgency.
• College degree in business or finance with related real estate experience.
• 3-6 years of experience with an understanding of retail asset types.
• Strong skills in financial analysis and modeling - experience with Argus REQUIRED.
• Advanced Excel skills.

Pay

The expected salary range for this position is between $100,000 and $120,000.

The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.

Benefits

• Compensation and Benefits: Competitive pay 401K company match Medical, Dental, and Vision Insurance Work-Life Balance: Hybrid work model 20+ paid days off annually 13+ paid holidays in addition to PTO Paid parental leave Career Development: Industry-leading training and development Open door policy Industry trade shows and event access Mentorship program About the Role: The Asset Management Associate is responsible for developing a strong understanding of assets and business plans for the portfolio including knowledge of leases, loan documents, partnership agreements, and other related agreements.