What are the responsibilities and job description for the Associate, Asset Management position at Invesco, Ltd.?
As one of the world’s leading asset managers, we are solely dedicated to delivering an investment experience that helps people get more out of life. If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, explore your potential at Invesco.
Your Role
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.
You will be responsible for:
- Working with Asset Manager to create property level operational strategies and analyze major leases, capital projects or other investment factors impacting asset value.
- Assisting in the review of valuation models (Argus and Excel) and taking part in the acquisition and disposition process, overseeing the flow of due diligence information for select investments as needed.
- Preparing financial analysis to track historic portfolio and property level results in comparison to industry benchmarks.
- Coordinating the development of Annual Business Plans and Quarterly reports by assisting in the preparation of property operating and capital budgets and reviewing and approving ongoing financial variance reporting.
- Communicating with third party property management and leasing personnel as well as insurance and real estate tax consultants and other third-party providers as needed.
- Reviewing lease submittal packages, evaluating prospective tenant businesses and credit worthiness, and performing other lease related financial analysis as needed.
- Collecting and synthesizing relevant market reports and other lease or transaction related data.
- Faciliting lender compliance with asset specific requirements such as acquiring approvals for lease agreements or significant capital expenditure projects and coordinating the release of escrow accounts.
- Supporting enforcement of internal audit requirements with third party providers, and further ensuring that such firms are conducting business in accordance with property management agreements.
The experience you bring:
- 2 – 5 years of proven experience in the commercial and/or multi-family real estate industry (or business related activity).
- Property level experience is a plus.
- Effective interpersonal, communication (verbal and written) and listening skills.
- Strong computer literacy including fluency with Argus, VTS, RealPage, Microsoft Excel and Word, and PowerPoint.
- Ability to understand and interpret commercial lease agreements and language as well as present value concepts and financial terminology.
- Analytical problem solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations.
- Demonstrated prioritization, organization and time management skills necessary to balance competing deadlines.
- Desire to multi-task in a complex, high-volume environment and competency to work with all levels of management and personnel on critical projects.
- Four year or equivalent undergraduate degree in Business or related field. Post graduate education a plus. A dedication to continued education in real estate will be encouraged.
- Some travel will be required for periodic asset management related property visits and select acquisition due diligence.
- FLSA (US Only): Exempt
What’s in it for you?
Our people are at the very core of our success, and we strive to provide employees with a competitive total rewards package which includes:
- Flexible Vacation and Remote Work Benefits
- 401K Matching
- Health & Wellness Benefits
- Parental Leave benefits
All Invesco employees are subject to Invesco’s COVID-19 VACCINATION POLICY FOR EMPLOYEES, which provides that employees must be fully vaccinated against COVID-19. An exemption may be granted based on a medical contraindication or sincerely held religious belief. Fully vaccinated means that an individual has received all recommended doses of a COVID-19 vaccine that has received Emergency Use Authorization or full approval from the U.S. Food and Drug Administration (FDA) and that it has been at least two weeks since the final recommended dose.
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.