Associate, Portfolio Management

Essential Duties and Responsibilities: The Associate, Portfolio Management, manages assigned commercial real estate property/portfolio-level responsibilities with minimal supervision. Working across the organization, the Associate monitors performance, manages cash needs, supports transactions, and addresses issues throughout the investment life cycle. Portfolio and Property Management· Develop and maintain a strong understanding of assigned properties, portfolio strategies, and business plans, and communicate them effectively to internal stakeholders.· Monitor property/portfolio performance by reviewing monthly reporting, budgets, CAM reconciliations, reforecasts, and variances; identify issues and coordinate solutions with Asset Management and Acquisitions.· Prepare and update IRR projections, review joint venture waterfall provisions, and analyze Argus cash flows and key assumptions.· Explain changes in projected returns and calculate property- and portfolio-level returns and distributions for Portfolio Manager review. Financing and Lender Management· Understand key loan provisions, including reporting requirements, financial covenants, reserves, and deadlines.· Coordinate with lenders and internal teams to satisfy reporting requirements, respond to requests, and resolve issues before deadlines.· Manage lender earnouts, including deadlines, performance calculations, coordination, and required submissions.· Analyze loans and refinancing opportunities; monitor hedging positions, lender escrows, and draw requests. Cash Management and Accounting· Manage property cash needs, including operating and capital funding requests.· Prepare cash flow projections to identify funding needs and support capital calls.· Review bank reconciliations and audit adjustments.· Coordinate audits and prepare documentation and follow-up items.· Prepare and review acquisition closing entries, post-closing memorandums, transaction true-ups, and outstanding items. Transactions· Support property dispositions by reviewing estoppels, prorations, prepayment fees, closing costs, and closing statements.· Prepare sale waterfalls and distribution calculations, including final IRR and equity multiple calculations, for Portfolio Manager review. Investor Reporting and Other Responsibilities· Assist with quarterly investor reports and responses to investor requests.· Identify opportunities to improve processes and reporting.· Perform other duties as assigned.

Location: New York CityThe base salary for this position may range from $160,000-$180,000 with eligibility for an annual discretionary bonus. Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility and qualifications. DRA Advisors offers a competitive benefits package, 401k employer match, PTO, etc.