Associate to Senior Associate, Portfolio Management (Operational Focus)

BENEDICT CANYON EQUITIES

Associate to Senior Associate, Portfolio Management (Operational Focus)

POSITION OVERVIEW

Benedict Canyon Equities (BCE) is seeking an Associate to Senior Associate, Portfolio Management with a strong operational focus to join its Portfolio Management team. The position bridges portfolio management and asset management, pairing oversight of asset-level execution with a portfolio-level strategic lens.

The successful candidate will bring at least three years of multifamily real estate asset management or investment experience, a demonstrated record of driving property-level performance, analytical rigor, and the ability to coordinate effectively across investment, transaction, and reporting functions.

POSITION RESPONSIBILITIES

Asset Operations

– Manage a portfolio of multifamily assets across multiple markets, ensuring alignment among business plans, financial performance, and overall investment objectives.

– Identify operational inefficiencies and lead initiatives to optimize NOI, streamline capital deployment, and enhance value creation at the asset level.

– Track, analyze, and reforecast financial performance, including business plan execution, operating trends, and variance drivers.

– Review and reconcile budget to actual results, cash flow forecasts, distribution recommendations, and capital expenditure schedules and draws.

– Lead performance reviews with asset managers and third-party property managers, establishing operational benchmarks and accountability metrics.

– Conduct quarterly property visits alongside management companies and asset managers, documenting and tracking actionable follow-up items.

– Support tax appeal processes and litigation management as required.

– Monitor ongoing compliance with joint venture agreements and lender requirements.

Transaction Execution

– Oversee the transition of new acquisitions from the Acquisitions team to Portfolio Management, ensuring clear cross-functional communication, prompt business plan implementation, and timely updates to key stakeholders.

– Manage assets through refinancings, dispositions, and lender tests, working closely with the Transactions and Investor Relations teams on lender and investor communications.

– Solicit loan quotes and prepare refinance waterfalls in accordance with joint venture agreements.

– Solicit broker opinions of value and prepare disposition waterfalls in accordance with joint venture agreements.

Reporting and Analysis

– Contribute to the preparation and review of quarterly investor reports and semi-annual fund reports.

– Prepare investor valuation reports and REO schedules.

– Review annual asset operating budgets and provide substantive written feedback.

– Prepare internal and external presentations summarizing portfolio performance and strategy for senior leadership, partners, and investors.

Portfolio Standards

– Ensure consistent application of best practices across the portfolio.

– Maintain Excel-based financial models supporting property-level and portfolio-level analysis, including recurring KPI tracking.

– Coordinate across departments to streamline reporting, forecasting, and cross-portfolio analysis.

QUALIFICATIONS

– Minimum of three years of experience in real estate asset management, portfolio management, or investment management, including direct multifamily exposure.

– Bachelor's degree in finance, real estate, economics, or a related field. Master's degree preferred but not required.

– Advanced Excel and financial modeling skills, with proficiency in Word and PowerPoint.

– Experience with the RealPage suite (Business Intelligence, OneSite, AIRM) and a working knowledge of AI tools preferred.

CORE COMPETENCIES

– Command of property operations, budgeting, capital expenditure management, and financial reporting, supported by strong accounting and analytical skills.

– Fluency in reading joint venture agreements and following equity waterfalls.

– Exceptional attention to detail, with the ability to manage competing priorities, apply best practices, and drive projects to completion.

– Excellent written, verbal, and interpersonal communication skills, including the ability to present to senior executives, partners, and investors.

– Highly organized and proactive, comfortable navigating ambiguity with a strong sense of urgency and a results-driven orientation.

COMPENSATION AND BENEFITS

Benedict Canyon Equities offers a base salary range of $115,000 to $155,000, commensurate with experience, plus performance-based bonus opportunity and a comprehensive benefits package that includes:

– Retirement plan with company match

– Medical, dental, and vision coverage

– Flexible spending accounts (FSA)

– Long-term disability (LTD) insurance

– Accidental death and dismemberment (AD&D) coverage

– Additional voluntary benefits and wellness programs

EQUAL OPPORTUNITY EMPLOYER

Benedict Canyon Equities is an equal opportunity employer committed to diversity and inclusion. We prohibit discrimination and harassment of any kind based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, or any other protected category. Employment decisions are based solely on qualifications, merit, and business needs.