Job Description

About RealtyMogul

Our mission is to simplify real estate investment by connecting investors to high quality commercial real estate transactions. Real estate is the most popular asset class in the world, and probably the most fraught with peril for the individual investor. Individuals have extremely limited information and access beyond their own neighborhood. The ability to do due diligence is minimal, and it is complex to negotiate, purchase, manage, and liquidate.

RealtyMogul was created to make this asset class available. We allow our investors to buy portions of properties instead of entire ones or get exposure to multiple properties via third party funds or our proprietary REITs. We source the partners or investments ourselves, diligence them ourselves and walk every property that we offer up for investment.

We have been at it for 7 years and have backed more than 70 operating partners across the country in addition to building our own direct acquisitions team. We have learned what a great property that is well managed looks like. We leverage our experience to find the best deals, actively asset manage, and maximize our investors’ returns.

Today we are one of the largest, most recognizable brands in online real estate crowdfunding, with over $650 Million in capital invested into over $3.1 billion of real estate nationwide. We were recently named the #1 Commercial Real Estate Crowdfunding Platform by Motley Fool. We remain focused on building the best online experience to enable investment into highly vetted commercial real estate assets and to educate our growing user base about the many aspects of real estate investing, all through an online, scalable platform.

RM Communities is a wholly owned subsidiary of RealtyMogul and is our general partner (“GP”) direct acquisitions business where we source and close multifamily acquisitions on behalf of our family of Real Estate Investment Trusts (“REITs”).

About Your Role:

RM Communities is looking to hire an Asset Management Associate to help oversee its rapidly growing multifamily portfolio. The Asset Management Associate will spearhead the execution of each asset’s business plan and maximize the long-term growth of the portfolio. The ideal candidate will be an organized and self-motivated individual with strong multifamily asset management experience and advanced Microsoft Excel skills.

While this role is remote, we are looking for someone in the Midwest area – preferably in Columbus, Cleveland, Chicago, or St. Louis. Must be authorized to work in the US.

What You’ll Do:

• Manage a portfolio of multifamily assets and be responsible for the execution of the business plan for each asset.
• Analyze property performance vs. original underwriting and annual budgets.
• Prepare hold/sell analyses and assist with dispositions and recapitalizations of assets.
• Review and present monthly financial statements.
• Prepare institutional-quality quarterly investor reports that provide insight beyond financial statements.
• Develop and implement strategies to maximize property income and reduce expenses.
• Oversee property management to optimize leasing, operations, and construction.
• Prepare annual operating budgets in conjunction with property management.
• Work with lenders on CapEx draw requests, escrow analysis, reporting, and loan covenants.
• Forecast financial performance and investor returns relative to original underwriting.
• Prepare quarterly property valuations.
• Assist in the underwriting and due diligence of new acquisitions.
• Perform regular site visits.

Who You Are:

• Bachelor’s degree in Business, Finance or a related field.
• 2-4 years in multifamily asset management experience.
• Advanced skills in Microsoft Excel (including but not limited to lookup formulas, complex/compound equations, logical equations and pivot tables).
• Strong knowledge of financial modeling and waterfalls, JV operating agreements, and loan documents.
• Strong financial acumen and understanding of all of the company’s key financial statements.
• Self-motivated and organized, with strong time management skills to prioritize deadlines and ad-hoc requests.
• Comfortable in an entrepreneurial environment
• Experience with Yardi Voyager and/or MRI software a plus.

How to Apply

Job Categories: Equal Opportunities. Job Types: Full-Time.

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