What are the responsibilities and job description for the Assistant Asset Manager position at The RMR Group?
Overview:
RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:
RMR has been rated a Top Place to Work by The Boston Globe and GlobeSt.com, and has been recognized by the U.S. Environmental Protection Agency (EPA), the Building Owners and Managers Association (BOMA) International and the Institute of Real Estate Management (IREM), among others (listed here), as a CRE industry leader.
Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.
Follow RMR on LinkedIn and on Twitter @The_RMR_Group.
The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.
The Assistant Asset Manager will be responsible for working with the Senior Living Asset Management team to maximize the performance and value of the portfolio of senior living assets. The Assistant Asset Manager is responsible for compiling reporting, analyzing and interpreting operating results and developing business plans with the Asset Managers to increase revenue generation, ensure cost controls and determine appropriate capital investments. The Assistant Asset Manager will work closely with the Asset Management team, REIT management team and Senior Living Operators to ensure the business plan is implemented and performance is on target.
Responsibilities:
- Compile, analyze and interpret properties’ monthly financials, including income, expenses, cash flow, and capital expenditures to understand how they are performing against budget, market and industry benchmarks.
- Provide monthly summary of results from multiple operating partners to Asset Management team, including analysis of trends and variance to budget.
- Work with Asset Management team and senior living operators to establish long-range and short-term business plans to optimize performance and measure progress toward plans for individual properties.
- Work closely with Asset Management team and Senior Living Operators on Annual Budget/Reforecasts– make revenue assumptions, work together to develop Capital/One Time Expense Plan, review expense assumptions.
- Develop market studies to be used in valuations, budgets, benchmarking, and investment analysis. Have a solid understanding of markets and market trends, including demographics and changes in supply and demand to identify, summarize and communicate key information.
- Monitor capital improvements to ensure they are on time and on budget.
- Develop/update valuations as part of the preparation of annual business plans.
- Perform periodic property site inspections to ensure property performance against plan.
-
Consult with Asset Management team and REIT management team to attend:
- Market events (broker overviews, market recaps, industry events)
- Periodic building/market tours
- Complete ad hoc analysis and special projects as required.
- Look to Asset Managers, Directors and REIT management teams for guidance on complex issues.
- Bachelor’s degree – Minimum 3.0 GPA. Preferred course of study Business Administration, Real Estate or Accounting/Finance. Advanced degree a plus.
- 3-7 years’ experience within commercial real estate, preferably in accounting, financial analysis and/or senior living.
- Solid understanding of real estate finance fundamentals. Working knowledge of property-level financial statements and the ability to understand complex pro forma models.
- Excellent written and oral communication skills.
- Flexibility and exceptional organizational and follow-up skills.
- Self-motivated, with the ability to work in a fast-paced, team centered, results-driven environment.
- Proficiency with Microsoft Office products (Word, Excel, PowerPoint and Outlook), Yardi or similar accounting software, database management & reporting.
- RMR considers the safety of its employees a top priority. As part of this commitment, RMR requires all new employees to be fully vaccinated against COVID-19. Qualified candidates who are offered the opportunity to join RMR will be required to provide proof of vaccination prior to the first day of work. Applicants who need additional information concerning RMR’s vaccination policy should contact Diane Proctor, Vice President, Human Resources at Dproctor@rmrgroup.com
The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by nearly 600 real estate professionals in over 30 offices nationwide who manage over $33 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients.
RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:
- Integrity at Our Core.
- Perform Passionately and Effectively.
- Inspired Thinking.
- Like We Own It.
- Power of We.
- Mutual Respect.
RMR has been rated a Top Place to Work by The Boston Globe and GlobeSt.com, and has been recognized by the U.S. Environmental Protection Agency (EPA), the Building Owners and Managers Association (BOMA) International and the Institute of Real Estate Management (IREM), among others (listed here), as a CRE industry leader.
Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.
Follow RMR on LinkedIn and on Twitter @The_RMR_Group.
The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.
Fixed Asset Manager
Axon -
Boston, MA
Senior Manager - Asset Management Risk
Fidelity Investments Careers -
Boston, MA
Investor Relations Analyst | Asset Manager
Metis Search -
Boston, MA