Senior Asset Management Associate

Avalon Communities • Full-time • New York, New York, United States • $93.60k - $15.60k / year • 4d ago

The Role

AvalonBay Communities is seeking a Senior Associate of Asset Management to join our New York team. This role provides analytical and strategic support to drive the performance of our New York/New Jersey portfolio. You’ll play a key role in developing investment strategies, executing value-creation initiatives, and ensuring long-term asset optimization across a diverse mix of multifamily and mixed-use communities.

What You’ll Do:

Analyze and optimize performance: Conduct long-term performance reviews and develop property-level business plans, including hold/sell analyses and portfolio strategy recommendations
Model financial performance: Build and maintain detailed financial models, including DCFs, IRRs, equity multiples, and FFO yield analyses to support decision-making
Identify value-add opportunities: Evaluate and implement initiatives that enhance asset value, improve NOI, and strengthen community performance
Manage risk and capital planning: Assess CapEx needs, implement risk-mitigation strategies, and partner with Capital Projects and Development teams on execution
Lead a regional portfolio: Serve as primary asset manager for a select group of assets, ensuring operational and financial targets are met
Collaborate cross-functionally: Partner closely with Residential Services, Investments, Development, and other stakeholders to align strategies and deliver results

What We’re Looking For

Education: Bachelor’s degree in Finance, Real Estate, Economics, or a related field
Experience: 2–4 years of experience in Asset Management, Acquisitions, or a related discipline (Brokerage, Valuations, etc.)
Skills: Advanced proficiency in Microsoft Excel and strong financial modeling capabilities
Attributes: Highly analytical, detail-oriented, and collaborative, with excellent written and verbal communication skills

How AvalonBay Supports You

We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.

We offer:

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.

Growth based on achievement and promotion from within.

Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).

A 20% discount on our incredible apartment homes.

A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

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