Easterly Government Properties, Inc. (“Easterly” or the “Company”) is a publicly traded Real Estate Investment Trust (REIT) focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies.
Primary Duties and Responsibility
General
- The Asset Management Analyst is responsible for supporting assigned Asset Manager(s) in the overall operational and financial performance of their portfolio(s)
- Works collaboratively with Asset Manager(s) to achieve corporate asset management financial objectives and operational consistency
- Complies with SEC, Sarbanes-Oxley and REIT regulations
- As required, assists other departments, including Accounting, Acquisitions, Development, and Corporate Finance in support of their operations to achieve corporate objectives
Asset-Level Strategic Planning
- Assists Asset Managers with the development of strategic asset business plans to achieve corporate financial and operational goals by:
- Collecting data and preparing reports on building performance
- Coordinating and collecting information from property management team
- Preparing financial cashflow analyses
- Conducting market research for leasing activities
- Monitoring status of approved capital reinvestment projects
- Maintaining internal system data to support decision making
- Annually, prepare or conduct initial review of operating budgets
- Update 5-year capital plans based on contractual and general maintenance requirements
- Draft budget reforecasts, as required, to inform and support corporate finance objectives
- Prepare CAM recovery estimates and other tenant reimbursements
- Prepare detailed financial analyses to support recommendations to Asset Managers on significant operational issues, capital expenditures, leasing activities, or other strategic initiatives
Asset Operations
- Assist with on-boarding, budget preparation, and novation process for newly acquired / constructed assets
- Responsible for certain aspects of lease administration, including, but not limited to:
- Aggregate data and prepare lease compliance reports / materials
- Pursue and resolve Accounts Payable / Accounts Receivable issues
- Prepare CAM recoveries, review annual operating cost adjustments, and conduct real estate tax analyses
- Organize and maintain internal documents and files
- Responsible for certain aspects of building operations, including, but not limited to:
- Conduct periodic physical inspections with Asset Manager
- Coordinate with property managers, building engineers and vendors
- Draft vendor contracts for Asset Manager review
- Assist in onboarding new vendors
- Track asset financial performance
- Maintain data in internal systems such as Yardi, IMPAK, and others as required
- Maintain compliance documentation for all property-level loan covenants and restrictions
- Support Asset Manager and Vice President of Leasing in all leasing activities conducting market analyses and aggregating information for proposal responses
- Assist with project management duties for lease renewal tenant improvement and reimbursable projects:
- Levelize vendor bids for comparison
- Draft price proposals for projects
- Draft or conduct initial review of vendor contracts
- Maintain project schedules and budgets
Financial Reporting
- Monthly, review budget-to-actual variance analyses and summarize results for Asset Manager
- Monthly, report status of ongoing tenant and capital reinvestment projects to Asset Manager
- Periodically, coordinate with Property Accounting on month-end closing activities, to include invoice approvals, expense accruals, variance reporting, etc.
- Periodically, coordinate with Corporate Finance team to create and review the analyses that support the quarterly earnings model
- Meet reporting requirements for property level loans, to include providing financial statements, rent rolls and other reports as required
Required Skills / Qualifications
- Undergraduate degree
- 2 to 4 years of commercial real estate property / asset management, accounting, or analytical experience
- Strong understanding of basic commercial real estate concepts and valuation techniques
- Excellent verbal and written communication skills
- Excellent planning, organization, and interpersonal skills
- Ability to function independently within a collaborative, team-oriented setting
- Ability to work accurately and efficiently under tight deadlines
- Ability to handle multiple projects at one time
- Strong sense of personal motivation and responsibility
- Ability to clear GSA NACI & FBI LBI background checks
Desired Skills / Qualifications
- Ability to effectively utilize Artificial Intelligence (AI) in daily activities
- Intermediate experience using Microsoft Excel and PowerPoint
An Equal Opportunity Employer
The salary for this position is $85,000 - $105,000 per year, commensurate with experience.