Asset Management Associate

Overview

When you join Hines, you will embark on a career journey fueled by vision and guided by leaders who set the standards of our industry. Our legacy is rooted in innovation and excellence, earning us a spot on Fast Company’s esteemed annual list of the World’s Most Innovative Companies, as well as recognition as one of U.S. News & World Report’s Best Companies to Work For in 2024. Discover endless opportunities to grow and make your mark at Hines.

Responsibilities

As an Associate - Asset Management with Hines, you will be a critical part of the Asset Management team conducting analyses and taking on asset management responsibilities for an individual asset, with guidance. You will support all new acquisitions and existing assets across office, industrial, retail/mixed-use, and residential product sectors. In addition to working across real estate product types, this role includes exposure to several leaders in Asset Management at Hines. Responsibilities include, but are not limited to:

• Client-centric Strategic and Financial Leadership: Work with the Leasing and Operations/Property Management teams to support development of short-and-long-term strategies designed to maximize the value and optimize customer satisfaction at each asset. Review property cash flow models and investment returns. Perform periodic valuations of each asset in conjunction with Finance; Finance will complete the valuation with Asset Management responsible for authoring the underlying model that reflects current contractual revenues, operating expenses, as well as projections for speculative income and related costs, capital expenditures, market-based growth assumptions, etc. You will be responsible for generating the underlying model with analyst support, as applicable. 

• Asset Management: Address day-to-day and mid-level issues; communicate high-level issues along with recommended solutions upstream within the Asset Management organization.

• Performance Monitoring and Evaluation: Evaluate the asset’s performance against budget, informing Director-Asset Management of variances. Understand the current value and projected future performance of each asset within the context of investor goals, objectives and benchmarks; develop hold/sell analyses for Asset Management leadership review.

• Goal Setting and Accountability: Create periodic property valuation analyses for each asset, coupled with appropriate supporting market analysis. Work with Leasing and Operations/Property Management functions to develop detailed leasing objectives, operating and financial budgets, project plans, and annual plans, for presentation to Asset Management leadership.

• Data-Driven Decision Making: Monitor property operating and financial performance to ensure established goals and objectives are being achieved. Discuss material variances with Property Management and Accounting functions; determine key drivers creating variances and report same to Director-Asset Management with proposed solutions.

• Entrepreneurial Creativity: Actively interact with Operations/Property Management to generate best in class concepts to elevate customer experiences at Hines assets. Challenge the status quo. Supervise execution of capital projects and tenant improvements.

• Smart Risk-Taking: Ensure that partnership and loan document requirements are satisfied. Assist on-site PM teams across all responsibilities (e.g., leasing, project management) when required.

• Data-Informed Decisions: Review all monthly, quarterly, and annual property reporting required by Owner and Lender, and provide review comments to Director - Asset Management.

• ESG/Sustainability: Support directors by conducting research on ESG and sustainability best practices; assist in implementation of ESG and sustainability measures and gather data to measure outcomes.

• Senior Leadership: Assist in the review of valuation models (Argus and Excel) and acquisition underwriting models; perform updates on an ongoing basis.

• Cross-Functional Collaboration: Conduct due diligence and assist in closing new business pursuits. Work effectively with business generation colleagues and perform optimally under various leadership styles.

• Influence: Comply with all Hines policies and procedures. Energize Analyst teammates through approachable leadership and rigorous work ethic. Develop relationships with and inspire on-site property teams to operate efficiently while prioritizing the needs of investors and customers.

• Effective Communication: Communicate using clear, fact-based analysis, effective presentations, and excellent interpersonal skills.

• Team: Be a great teammate with a focus on the client-centric asset management function.

• Change Management: Demonstrate the ability to manage change at an organizational and strategic level as an effective teammate.

• Integrity and Forethought: Demonstrate a high degree of integrity and forethought in decision-making, with the ability to act in a transparent and consistent manner, always considering what is best for the investor, customer, team and organization. Balance independence with seeking guidance as appropriate.

• Fiduciary Mindset: Demonstrate the ability to act in the best interest of the company, the investor, and the asset, ensuring alignment of actions with organizational goals and values.

• Financial Planning and Analysis: Maintain the approved Americas-wide reporting packages that cover historical, current, and projected operating and financial performance. Effectively analyze and track portfolio performance and make recommendations for how to grow Net Operating Income (NOI).

• Investor and Tenant Reporting: Utilize Hines standardized reporting practices to enhance transparency, consistency and accessibility of information.

Qualifications

Minimum Requirements include:

• Bachelor’s degree in Business Administration or equivalent from an accredited institution.
• Two or more years of experience in the commercial real estate industry with responsibility for financial analysis, leasing/marketing activity oversight, and execution of strategic plans.

• Proficiency with Microsoft Office and Argus valuation software essential.

• Proficiency with Entrada, AIRM/Real Page, REBA, RedIQ preferred

• Provide leadership and mentorship for team development.

• Possess the highest degree of integrity. Be a risk taker.

• Effective interpersonal communication (verbal and written) and listening skills.

• Analytical problem-solving skills capable to undertake detailed analyses and make well-reasoned, decisive recommendations. 

• Demonstrate prioritization, organization, and time management skills necessary to balance competing deadlines.

• Ability to multi-task in a complex high-volume environment and competency to work with all levels of management and personnel on critical projects.

• Work indoors approximately 90% of the time and outdoors 10% of the time.

• Ability to withstand long working hours, which are frequently necessary.

• Ability to handle stressful, high-pressured atmosphere.

• Ability to meet highest attendance requirements.

• Willingness and ability to walk around project sites under construction to review progress.

• Willingness and ability to travel to and from destinations by plane and/or car.

• Ability to visually review and interpret correspondence, reports, etc.

• Compensation: $133,600 - $153,600

Closing

At Hines, we strive for excellence as a leading global real estate investment manager, driven by our by our belief that real estate is fundamentally about people. Our diverse portfolio spans $93.2 billion¹ of assets across such property types as living, office, retail, mixed-use, logistics and life science projects – all designed to enhance value, connection and inspiration. Our strategic approach integrates local expertise with global knowledge, taking calculated risks aligned with our convictions to exceed expectations and tailor solutions to our clients' needs.

While our projects are renowned for enhancing cities and pioneering sustainable practices, we recognize that the true driving force behind Hines' success is our 5,000 dedicated employees in 30 countries who draw on our 65-year history to build the world forward. This is why we prioritize investing in our people, offering comprehensive training, competitive compensation, robust benefits and generous vacation packages. By centering our focus on the growth and wellbeing of our team, we cultivate an inclusive environment where everyone, including our clients, can thrive.

Hines is proud to be named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2024. ¹Includes both the global Hines organization and RIA AUM as of December 31, 2023.

We are an equal opportunity employer and support workforce diversity.

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