As one of the world's leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.
If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!
Job Description
GENERAL PURPOSE OF POSITION
The Associate partners with Asset Managers in the management and oversight of various commercial and multifamily real estate investments, with the overall goal of optimizing asset performance and values. The Associate plays an integral role in developing and executing property specific strategies, analyzing major leasing decisions and how they impact value, performing major feasibility studies and evaluating property level performance against relevant industry benchmarks. In addition, the role is responsible for providing support and analysis for the preparation of the quarterly and annual property reports and budgets for a portfolio of assets.
SPECIFIC DUTIES AND RESPONSIBILITIES
- Work with Asset Manager to create property level operational strategies and analyze major leases, capital projects or other investment factors impacting asset value.
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Assist in the review of valuation models (Argus and Excel) and take part in the acquisition and disposition process, overseeing the flow of due diligence information for select investments as needed.
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Prepare financial analysis to track historic portfolio and property level results in comparison to industry benchmarks.
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Coordinate the development of Annual Business Plans and Quarterly reports by assisting in the preparation of property operating and capital budgets and reviewing and approving on-going financial variance reporting.
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Communicate with third party property management and leasing personnel as well as insurance and real estate tax consultants and other third party providers as needed.
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Review lease submittal packages, evaluate prospective tenant businesses and credit worthiness, and perform other lease related financial analysis as needed.
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Collect, analyze and synthesize relevant market reports and other lease or transaction related data.
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Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements or significant capital expenditure projects and coordinating the release of escrow accounts.
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Support enforcement of internal audit requirements with third party providers, and further ensure that such firms are conducting business in accordance with property management agreements.
POSITION QUALIFICATIONS
Education:
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Four year or equivalent undergraduate degree in Business or related field. Post graduate education a plus. A commitment to continued education in real estate will be encouraged.
Work Experience:
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2 - 5 years of experience in the commercial and/or multi-family real estate industry (or business related activity) is required.
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Property level experience is a plus.
Skills:
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Effective interpersonal, communication (verbal and written) and listening skills.
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Strong computer literacy including fluency with Argus, VTS, RealPage, Microsoft Excel and Word, and PowerPoint.
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Ability to understand and interpret commercial lease agreements and language as well as present value concepts and financial terminology.
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Analytical problem solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
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Demonstrated prioritization, organization and time management skills necessary to balance competing deadlines.
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Desire to multi-task in a complex, high-volume environment and competency to work with all levels of management and personnel on critical projects.
Travel:
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Some travel will be required for periodic asset management related property visits and select acquisition due diligence.
Other:
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This job requires periodic overtime.
The salary range for this position in San Francisco is $110,000-$120,000 annually. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location.
Work Model (In Office / Hybrid / Remote)
In Office
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
What's in it for you?
Our people are at the ver y core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
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Flexible time off and opportunities for a flexible work schedule
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401(K) matching of 100% up to the first 6% with additional supplemental contribution
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Health & wellbeing benefits
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Parental Leave benefits
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Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.