Real Estate Asset Management Associate

RICHMAN ASSET MANAGEMENT, INC is currently seeking a Real Estate Asset Management Associate to work full-time in its Greenwich, CT office.

Richman Asset Management, Inc. is a subsidiary of one of the largest real estate investment firms in the country. The Richman Group (TRG) is the nation’s preeminent sponsor of affordable housing tax credit funds. TRG is one of the nation’s largest privately-owned real estate investment, development and asset management firms and is one of the top ten largest owners of multi-family units in the United States

The Richman Group has raised approximately $10 billion in equity and debt for investments in almost 1,400 apartment projects. TRG provides asset management services to 150+ public, private and institutional investment funds which own approximately 115,000 housing units.

A  position with Richman Asset Management offers:

•  Tremendous exposure to the world of real estate and its many facets, from Development and Acquisitions to Asset Management and Investor Services.

•  A fast-paced environment characterized by strong interaction with experienced peers, developers and investors.

•  Potential for career advancement within a leading organization in the fast-growing field of real estate finance.

The Asset Management Associate will assist in maintaining a portfolio of property assets invested through the Section 42 (LIHTC) affordable housing tax credit program.

Responsibilities include, but are not limited to:

•Review quarterly Financial Statements to analyze financial performance

•Review annual budgets, audited financial statements, and tax returns

•Perform annual property reviews and site inspections

•Facilitate periodic investor reporting

•Review and update investor benefit projections

•Monitor development construction and lease-up timelines of developments

•Basic accounting and tracking

•Establishment and maintenance of project files and databases

•Various special projects

•Support Asset Management staff

Application Requirements:

Bachelor’s degree from accredited university, with a concentration in Real Estate Finance or Business with courses in real estate (3.0+ GPA)

Experience in the Real Estate field is a plus.

Fluency in Microsoft Suite; proficient in Excel and Word

Strong analytical skills and financial acumen

Excellent organizational and communication skills

Able to prioritize and multi-task in a fast-paced environment

Must be detail oriented and self-motivated

Ability to work independently

Able to meet tight deadlines in time sensitive situations while maintaining a professional demeanor

Flexible to work extra hours as needed

Other Requirements:

Up to 40% nationwide travel