Real Estate Asset Management Audit Intern

Richman Asset Management, Inc.

Richman Asset Management, Inc. a division of The Richman Group of Companies is currently seeking an Asset Management Intern for the Winter and Spring of 2024. The ideal candidate for this position is a highly motivated and responsible individual with very strong organizational and client relationship skills.

Richman Asset Management, Inc. (RAM) provides asset management services to more than 150 public, private and institutional investment funds. Our 100+ corporate investors rely on our team approach to asset management to maximize the fundamental asset performance and mitigate overall portfolio risk. This approach has enabled our funds to achieve a national reputation for the highest levels of investment performance.

Here at the Richman Group our mission is to pursue real estate investment, development and property management opportunities responsibly and with integrity for the benefit of our residents and their communities while optimizing economic returns for our investors, developer clients and partners. The Richman Group intends to maintain its leadership in creating innovative developments and financial structures. Our developments are designed with a concern for the environment and the communities in which they are located.  

We are seeking a detail oriented individual to assist the Asset Management staff with the annual audit and tax return review and data input process. These reports are critical to the company’s ability to review financial and tax benefit performance for our investors. Thus, a basic understanding of real estate finance and familiarity with GAAP financial statements is required.

The position will begin in late January/ early February of 2024 and is expected to continue through May but depending on performance and Company need the internship may be extended to the mid- August, 2024.  Workdays and hours are flexible with over 20/hours of weekly availability preferred. The position will pay $20 per hour.

Interns hired by RAM gain valuable experience and have access to a wide array of real estate professionals. Interns may also become candidates for any employment opportunities that may arise.

The tasks required of the interns include, but are not limited to the following:

• Input tax returns to the proprietary software system
• Input audited financial statements to the proprietary software system 
• Ask questions on financial statements and tax returns to Senior Asset Managers
• Collect and input annual budgets
• Update Excel workbooks with key datapoints from annual audits. Highlight large variances from prior year entries
• Update fund residual models to determine value at disposition
• Assist in various Asset Management projects

Application Requirements:

• Alum or Senior in college
• Finance or Accounting majors with 3.0+ GPA
• Strong Accounting skills with experience/familiarity with Balance Sheets and Income Statements
• Strong organizational skills and work ethic, including the ability to manage multiple activities and priorities effectively
• Excellent analytical and communication skills (written, verbal, etc.).
• Must be motivated, energetic, detail-oriented and effective working both independently and in a team setting
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and strong ability to learn new in-house developed technologies