Associate, Asset Management

Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

Business

We know that a “one-size-fits-all” approach doesn’t work when it comes to residential living. That’s why, at Brookfield Properties, our portfolio features a wide range of options for any stage of life. And though our properties may be diverse, one thing is universal: all offer the unparalleled quality, service, and support our residents deserve.

If you’re ready to be a part of our team, we encourage you to apply.

Job Description

We are seeking an Associate to join our housing team, based in NYC. This is an opportunity to join an experienced team responsible for one of Brookfield’s largest real estate sector portfolios. Our global housing portfolio also contains premier assets in North America, Europe, the UK, and Brazil.

This team seeks to maximize asset value through leasing, redevelopment of existing multifamily or in some cases through the addition of mixed-use components. They are principally responsible for overseeing the work of real estate managers and operating teams in the execution of portfolio company business plans. Strategic decision-making – such as financing, capital investments, development / redevelopment, hold-sell, key leasing decisions, etc. – are the purview of portfolio managers. Collaboration with leasing, development, finance, tax, compliance, legal etc. is required to monitor our investments and ensure our business plan and strategy objectives are being met.

The new Associate will support our team on the North American Housing business in the role described below.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Key Accountabilities

Participate in the oversight of strategic business plan execution for BPG’s multifamily investments in the USOngoing and ad-hoc financial analysis in support of making value maximizing capital decisions across the multifamily portfolio (i.e. capital, development, redevelopment, leasing, hold-sell, financing)Liaise with real estate management and operating teams to monitor our investments and ensure strategic goals are being met; these include asset management, leasing, development, finance, tax, compliance, legal and business operations (ESG, innovation, health & safety and security)Create, maintain and improve highly functional and detailed investment models and valuation modelsThink strategically about investment performances, including monitoring, updating, and explaining asset performances. Respond to emerging trends in operating results and identify opportunities for value-add opportunitiesLead necessary research to support business plans and decision makingOversee, guide and support the approval of annual business planning and quarterly business updates created by portfolio company managementPrepare presentation materials for senior management on various topics including investment committee memos and performanceWork closely with junior and senior team members, senior management, Brookfield affiliates and investors

Candidate Profile

Bachelor’s degree in finance, business, real estate or related area3-6 years of experience in investment banking, M&A, real estate investing, and/or private equityExceptional analytical, financial modeling and valuation skillsAttention to detail and ability to learn quicklyExcellent interpersonal and communication skillsSelf-directed and motivated with ability to work independently and as part of a teamReliable, diligent, and hard working with capability to thrive in a high-energy, fast-moving environmentProficiency in full suite of Microsoft Office products (Excel, PowerPoint, and Word)Strong knowledge of capital markets and real estate; experience with multifamily preferred but not requiredLeadership capabilities and a business mindsetUnquestionable ethics and integrity

Salary Range: $150,000 - $170,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

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