ASSOCIATE ASSET MANAGER, MULTIFAMILY

Summary:

The Associate Asset Manager will work directly with Managing Directors and Asset Managers to oversee a portfolio of multifamily investments throughout the United States. This role is a highly visible position that combines financial analysis, strategic asset management, operational oversight, and portfolio reporting. The Associate will support the development and execution of business plans designed to maximize property value and investor returns, while maintaining strong relationships with third-party property managers, internal partners, lenders, and joint venture investors. This position offers significant opportunity for professional growth and is designed to develop future Asset Managers through direct exposure to portfolio strategy, investment analysis, budgeting, capital planning, operational execution, and investor communications.

Company:

Founded in 1977, Kennedy Wilson is a global real estate investment company headquartered in Beverly Hills, CA with 19 global offices. We own, operate and invest in real estate on our own and through our investment management platform. We focus on multifamily, office and industrial properties located in the Western United States, U.K, and Ireland. For further information on Kennedy Wilson, please visit www.kennedywilson.com.

Primary Duties & Responsibilities:

Asset Management & Financial Analysis

• Support Asset Managers in executing asset-level business plans and portfolio strategies across multifamily investments.
• Develop and maintain financial models used for asset valuations, hold/sell analyses, refinancing evaluations, capital allocation decisions, and investment underwriting.
• Assist in preparation and review of annual budgets, operating forecasts, capital plans, and strategic business plans.
• Perform monthly and quarterly financial analysis, including variance reporting, trend analysis, cash flow forecasting, and NOI improvement tracking.
• Evaluate property performance and identify opportunities to drive revenue growth, expense reduction, and operational efficiencies.
• Analyze lease trade-out trends, occupancy performance, concessions, renewal pricing, collections, delinquency, and other key operating metrics.
• Support Analyst and AM Coordinator in prioritization and deployment of task management.

Property & Portfolio Oversight

• Develop strong working relationships with third-party property management companies and participate in ongoing performance reviews.
• Monitor operational performance and provide recommendations regarding leasing strategy, expense management, staffing, resident retention, and capital investment.
• Conduct property inspections and market tours to evaluate physical condition, competitive positioning, renovation progress, and business plan execution.
• Assist with oversight of capital projects, renovations, unit upgrade programs, and value-add initiatives, including budget tracking and return analysis.
• Support transition planning for acquisitions, dispositions, refinancings, and management changes.

Investor Reporting & Strategic Initiatives

• Assist in preparing quarterly investor reports, lender reporting packages, internal presentations, and partnership updates.
• Prepare asset review materials, approval requests, investment memoranda, and presentation materials for senior leadership and investment committees.
• Support portfolio-wide initiatives, benchmarking efforts, operating reviews, and special projects designed to improve portfolio performance.
• Collaborate with acquisitions, finance, legal, construction, and property management teams to ensure consistent execution of business plans.

Team Support & Professional Development

• Provide coverage for Asset Managers during vacations, transitions, and periods of increased workload.
• Support underperforming assets through operational reviews, financial analysis, and implementation of corrective action plans.
• Mentor analysts and assist in training team members as appropriate.
• Continuously develop asset management, financial modeling, market analysis, and investment management capabilities with a path toward direct portfolio ownership.

Qualifications & Experience:

• Bachelors degree required; Real Estate, Finance, Accounting, Economics, Business, or related field preferred.
• 3-5 years of experience in real estate, finance, multifamily operations, asset management, acquisitions, property management, valuation, or related fields.
• Multifamily experience is strongly preferred.
• Experience reviewing financial statements, operating budgets, forecast models, and business plans.
• Familiarity with institutional ownership structures, third-party property management oversight, and capital projects is preferred.
• Experience working with Yardi, Excel financial models, Power BI, or similar reporting tools is a plus.
• Familiarity with multifamily markets throughout the Western United States is preferred.

Skills & Competencies:

Financial & Analytical Skills

• Strong analytical skills with the ability to evaluate property operations and financial performance.
• Ability to interpret financial statements, operating metrics, budgets, forecasts, and investment returns.
• Advanced Excel skills and experience working with financial models.

Communication Skills

• Excellent written and verbal communication skills.
• Ability to clearly present recommendations and findings to internal stakeholders, property managers, and senior leadership.

Relationship Management

• Ability to build strong relationships with third-party property managers, operating partners, consultants, and internal stakeholders.
• Demonstrated professionalism and confidence in holding partners accountable to business plan objectives.

Organization & Execution

• Exceptional attention to detail and ability to manage multiple projects simultaneously.
• Strong project management skills with the ability to prioritize competing deadlines.

Initiative & Leadership

• Self-starter with strong ownership mentality.
• Demonstrated critical thinking, intellectual curiosity, and problem-solving ability.
• Ability to work independently while thriving in a collaborative team environment.

Compensation & Benefits:

• Competitive base salary & Discretionary Bonus.
• Comprehensive Benefits Package.
• 401K retirement plan.