Assistant Asset Manager - First Interstate Properties
Engage! Cleveland
General Responsibilities & Description:
We are seeking a detail-oriented and analytical commercial real estate analyst to assume the role of Assistant Asset Manager and support our real estate investment and asset management functions, with a direct reporting line to the President and Asset Manager. The ideal candidate will have a strong understanding of financial modeling, market research, and property valuation, and will play a key role in evaluating the portfolio investment opportunities, monitoring performance, and supporting strategic decision-making. The portfolio includes retail, multi-family, and hotels.
Key Responsibilities:
• Conduct financial analysis and modeling for the company’s portfolio.
• Perform market research and competitive analysis to assess trends, risks, and opportunities.
• Assist in the preparation of the company’s current portfolio investments and reports for internal and external stakeholders.
• Support due diligence efforts, including reviewing operating statements, and third-party reports.
• Monitor and report on the performance of existing assets, including occupancy, leasing activity, and financial statements.
• Collaborate with asset managers, brokers, and other stakeholders to support property-level strategies.
• Maintain and update databases and tools used for tracking market data and portfolio performance.
• Review compliance of all loans across the portfolio.
• Track detailed retail tenant information including lease expirations, sales performance, and occupancy trends.
• Attend meetings with portfolio ownership team, leasing teams and third party property management.
• Provide ad hoc analysis to support strategic initiatives and decision making
• Assist in the review of monthly financials and annual budgets for company’s portfolio.
• Participate in the on-call emergency pager rotation schedule with the Operations department.
• Prepare spreadsheets, memorandums, agendas, binders and letters as needed.
• Support operating tasks such as tenant proof of claims and cost segregation studies.
• Provide third-party management invoices as needed.
Qualifications:
• Bachelor’s degree in Finance, Real Estate, Economics, or a related field.
• Experience in commercial real estate, investment analysis, or related field is preferred.
• Strong proficiency in Excel, including financial modeling and data analysis.
• Familiarity with real estate valuation methods (DCF, cap rates, comps, etc.).
• Excellent written and verbal communication skills.
• Ability to manage multiple projects and deadlines in a fast-paced environment.
• Experience with Argus, CoStar, or similar real estate software is a plus.
What We Offer:
• Competitive salary and performance-based bonuses
• Comprehensive benefits package
• Opportunities for professional growth and development
• Collaborative and dynamic work environment
Please submit resume to: hiring@first-interstate.com