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Full-Time

Assistant Asset Manager

Confirmed live in the last 24 hours

Tripalink

Tripalink

51-200 employees

AI-enhanced affordable co-living spaces

Data & Analytics
Real Estate

Compensation Overview

$70k - $85kAnnually

+ Annual Incentives

Mid

Los Angeles, CA, USA

Category
Real Estate
Real Estate Finance
Required Skills
Communications
Management
Financial analysis
Marketing
Requirements
  • Bachelor’s degree in finance, business administration, real estate, or related field.
  • 3+ years of real estate or financial related experience in multifamily.
  • Experienced with Excel, Appfolio, Juniper Square, and CoStar.
  • Be efficient, passionate, proactive, detail-oriented, and quick learning in a fast development pace.
  • Excellent presentation and communication skills.
  • Strong financial analysis and Real Estate experience is highly preferred
Responsibilities
  • Assist in managing investment portfolio of over 85 investment projects, total valuation above $700M across different state.
  • Conduct financial analysis of development assets, including the creation of detailed pro-forma and financial models, to assess property performance relative to business plan targets.
  • Analyze market data to identify market trends and prepare narrative memos and detailed reports which provide insight into market trends at the property level.
  • Review and approve maintenance repairs from the third party property managers or vendors.
  • Manage the ownership/property management relationship by providing regular and ongoing communication, clear direction of objectives and initiatives, timely and comprehensive reporting, and effective resolution of issues, concerns, questions, and requests.
  • Review and finalize annual budgets proposed by Tripalink, ensuring each meets or exceeds business plan underwriting, is in-line with market and industry standards, and NOI is maximized through effective revenue growth strategy and expense saving measures, with controlled and deliberate capital spend.
  • Monitor the financial budgeted-to-actual variances and operational performance of each asset on a monthly basis, and identify and investigate deficiencies or opportunities, and guide the development of appropriate action plans that correct deficiencies or maximize opportunities.
  • Collaborate with outside consultants (e.g. tax advisors, insurance brokers, interior designers), as well as communicate quarterly and annual financial results to investors and lenders, as needed.
  • Oversee the cash management process, including tracking capital expenditures spend, managing operating and capital reserve balances and disbursement requests to lenders, and handling cash surplus distributions to investors.
  • Assist in the disposition process for any properties that are placed on the market for sale, including broker selection, marketing material review and approval, buyer inquiry response, due diligence management, proration and closing statement generation, and post-closing true-up settlement.
  • Keep abreast of current changes in technology, processes, and standards within the industry by attending industry conferences and/or subscribing to professional publications, and apply knowledge and practices to areas of responsibility.

Tripalink offers modern, affordable rental properties in major cities, focusing on creating open communities and redefining co-living. The company utilizes AI technology and data analytics to enhance communal spaces and provide an interactive living environment for students and young professionals.

Company Stage

Series B

Total Funding

$58M

Headquarters

Los Angeles, California

Founded

2016

Growth & Insights
Headcount

6 month growth

17%

1 year growth

25%

2 year growth

33%