The Portfolio Management Associate plays a critical role in supporting the Portfolio Management Team by executing and tracking business plans, with a primary focus on lender capital escrow draws. This role facilitates communication between the Facilities, Redevelopment, and Asset Management teams and Lenders, ensuring a streamlined draw process while proactively resolving challenges. Additionally, the Portfolio Management Associate contributes to portfolio-wide financial tracking, assisting in the development and maintenance of key performance trackers for cash flow management. Success in this role requires strong project management, time management, analytical, and organizational skills, as well as keen attention to detail. Collaboration across teams and proactive problem-solving are essential in driving the efficiency and accuracy of portfolio operations.
Essential Duties:
Lender Capital Escrow Draw Management
- Oversee the end-to-end escrow draw process, ensuring timely execution and compliance.
- Monitor, track, and report on escrow progress, maintaining accurate and up-to-date records.
- Provide strategic insights by forecasting capital expenditures and identifying potential risks.
- Serve as the primary point of contact for lender escrow correspondence, liaising with various stakeholders.
- Develop and maintain tracking files in Microsoft Excel to streamline reporting and analysis.
- Prepare and present reports for senior management on a monthly and quarterly basis.
- Assist in the K-Series reporting process in collaboration with the Director.
- Support the management of Preferred Equity Investment Positions, aiding in strategic decision-making.
- Contribute to distribution analysis prep work, ensuring accuracy in financial projections.
- Lead the creation of reporting for Non-Operating Expenses at the portfolio level, providing insights into financial trends.
- Continuously improve reporting processes and portfolio tracking methods.
- Collaborate with cross-functional teams to enhance operational efficiency.
- Adapt to evolving priorities and contribute to special projects as needed.
Qualifications:
Reasonable accommodation may be arranged to facilitate individuals with disabilities in fulfilling the essential duties of this role.
Education and/or Experience:
- Bachelor’s degree in real estate, finance, business, project management, mathematics, or accounting.
- 0-2 years of prior real estate experience; the ideal candidate will have prior experience in Multifamily, Asset Management, and/or Project Management related fields.
- Advanced Excel Skills strongly preferred with a focus on statistical and financial modeling.
- Ability to prioritize tasks and complete multiple assignments simultaneously with limited oversight in a fast-paced work environment.
- Employee referral payment program
- Educational Enhancement Program
- Medical, Dental, and Vision benefits
- Life/ AD&D Insurance
- Paid Parental Leave
- Long and short term disability
- Retirement Plan - 401(k) Plan
- Discount on an apartment at any one of our properties
- Brand new amenity space that includes a full gym/fitness center and golf simulator
If you are hired at Morgan Properties, your overall compensation package will also be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.
Get To Know Us:
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in Conshohocken, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations.
Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 360 apartment communities and over 100,000 units located in 22 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships, and proven operational expertise.
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