Asset Management Analyst

Company description

Riaz Capital is an Oakland, California based fully integrated development, investment, and asset management company, focused on addressing the changing housing needs of the millennial generation. Our mission is that anyone who earns a median income can afford a place they would love to call home by building transit-oriented high-quality apartments at an affordable price point for our residents.

Our vertically integrated development firm has operated in the Bay Area since 1977. Today, the Riaz Capital team manages over 1,500 units and has roughly 1,700 residences in the development or construction process, and possesses core competencies in development, construction, asset management, finance & capital markets to exercise control and speed of execution through every stage of the development cycle. In addition to new construction development, the firm has extensive experience in repositioning both urban and suburban workforce housing properties, and has executed several adaptive reuse projects. Our current activities are ~70% new construction and ~30% adaptive reuse and repositioning. Today, Riaz Capital has ~$500 million in real estate assets under management and with our current development pipeline, should reach $1 billion by 2024/25.

Our core new construction design is a 300 /- square foot studio that incorporates all of the necessary functions of a housing unit. We have developed a design that works in a variety of building types: Townhouses, Mid-Rise Apartments, Substantial Rehab and Adaptive Reuse. Our current design and mission is a result of a years-long synthesis of our experience from micro-units, student housing, traditional multi-family, and co-living. Our units foster total privacy and security, which provides our residents with a sense of independence (and individuality) all within the fabric of a larger community. Each of our projects has an emphasis on architectural creativity, unique design, walkability, utilization of open space and personal privacy.

Asset Management Analyst

The Asset Management Senior Analyst position is an ideal opportunity for a real estate, finance, or accounting entry-level professional. This role works directly with our Chief Portfolio Officer and asset management team on a building portfolio of 27 residential and 1 commercial assets, totaling 1265 units, to ensure optimal financial and operational performance.

Primary Responsibilities

• Review monthly operating statements (NOI, occupancy, collections, surplus cash, and others) and identify areas of opportunity or concern for Asset Management team to focus on, including both income and expense items based on budget variances and previously unknown opportunities.

• Work with internal teams and external parties to implement process improvements that target increased revenue, reduced operating expenses, promotes efficiencies, and optimal overall performance of the portfolio.

• Assist with evaluation of rent structures and leasing velocity.

• Perform asset management tasks including the monitoring, reporting, and proactive problem solving of the asset(s) performance.

• Assist in compiling property-wide business and strategic plans, consolidated annual budgets, monthly forecasts, market analysis, and performance reporting (develop templates, assumptions, analyses, and reports of key performance indicators)

• Visit assets on a regular basis and provide commentary on opportunities and areas for improvement with regard to property operations.

Secondary Responsibilities

• Other tasks as assigned on an as needed basis to help achieve goals related to the Asset Management Department

• Other tasks to support other departments to achieve greater company goals and objectives

Riaz Capital is an equal opportunity employer and values diversity in the workplace.

Salary: Commensurate with experience

Status: Full-time

Start Date: Immediately

Location: Oakland Office