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AvalonBay Communities · 5 hours ago

Senior Asset Management Associate

New York, NY

Full-time

Onsite

Mid, Senior Level

2+ years exp

AvalonBay Communities, Inc. is an equity REIT focused on developing and managing distinctive apartment homes. They are seeking a Senior Associate of Asset Management to provide analytical and strategic support for their New York/New Jersey portfolio, focusing on investment strategies and asset optimization.

HospitalityProperty DevelopmentProperty ManagementReal Estate

Growth Opportunities

Responsibilities

Analyze and optimize performance: Conduct long-term performance reviews and develop property-level business plans, including hold/sell analyses and portfolio strategy recommendations

Model financial performance: Build and maintain detailed financial models, including DCFs, IRRs, equity multiples, and FFO yield analyses to support decision-making

Identify value-add opportunities: Evaluate and implement initiatives that enhance asset value, improve NOI, and strengthen community performance

Manage risk and capital planning: Assess CapEx needs, implement risk-mitigation strategies, and partner with Capital Projects and Development teams on execution

Lead a regional portfolio: Serve as primary asset manager for a select group of assets, ensuring operational and financial targets are met

Collaborate cross-functionally: Partner closely with Residential Services, Investments, Development, and other stakeholders to align strategies and deliver results

Qualification

Financial modelingAsset managementMicrosoft ExcelRisk managementPortfolio strategyAnalytical skillsDetail-orientedCollaborativeCommunication skills

Required

Bachelor's degree in Finance, Real Estate, Economics, or a related field

2–4 years of experience in Asset Management, Acquisitions, or a related discipline (Brokerage, Valuations, etc.)

Advanced proficiency in Microsoft Excel and strong financial modeling capabilities

Highly analytical, detail-oriented, and collaborative, with excellent written and verbal communication skills

Benefits

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.

A 20% discount on our incredible apartment homes.