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Related Companies · 4 months ago

Associate, NOI Management - Related Affordable

New York, New York

Full-time

Onsite

Entry Level

$95K/yr - $130K/yr

2+ years exp

Related Companies is a leading privately owned real estate firm in the United States, headquartered in New York City. The NOI Management Associate will play a crucial role in enhancing portfolio performance and operational strategy for the Affordable multifamily portfolio by identifying cost-saving opportunities and delivering actionable insights to ownership teams.

Commercial Real EstateConstructionProperty DevelopmentReal EstateRentalSales

Responsibilities

Review monthly operating statements (e.g. NOI, Occupancy, Collections, Surplus cash, etc. ) to identify actionable opportunities and potential concerns for Portfolio and Asset Managers

Conduct periodic statistical analyses of financial statements to uncover property-level financial anomalies

Deliver meaningful portfolio-wide and property level reporting that highlights trends, opportunities, and performance gaps

Identify and implement bulk purchasing opportunities across the portfolio to drive operational savings

Lead the adoption and rollout of procurement initiatives across the portfolio

Conduct periodic site visits to provide insights on operational efficiencies and improvement opportunities

Ensure all Related bulk purchasing programs are fully leveraged across applicable properties

Periodically update internal “NOI Management Standards” with meaningful information gleaned from experience and subject matter experts

Support onboarding of new properties with procurement initiatives and operational best practices

Collaborate with Asset Management, Property Management, and Ownership teams to review and approve of annual budgets, identifying savings opportunities through procurement initiatives

Provide best practice insights to underwriters on new deals, leveraging lessons learned from existing operations to maximize efficiency and revenue potential

Provide key data for semi-annual Portfolio Reporting to senior leadership at The Related Companies

Meet with property management and ownership teams to present findings and recommend procurement strategies that drive value across the portfolio

Qualification

Financial modelingAnalytical skillsProcurement experienceExcel proficiencyCommunication skillsEntrepreneurial mindsetAttention to detailTeam collaboration

Required

Bachelor's degree required; advanced degree or relevant certifications a plus

2–3 years of professional experience, preferably in real estate, finance, or operations

Strong analytical, quantitative, and financial modeling skills; highly proficient in Excel and other modeling tools

Deep understanding of finance and accounting principles, with expertise analyzing property-level operating statements to evaluate site-level performance

Excellent communication and interpersonal skills to collaborate with Property Management, Portfolio Management, Asset Management, and external vendors

Strong attention to detail with the ability to aggregate site-level findings to drive portfolio-wide operational improvements

Entrepreneurial mindset with the ability to take ownership, work independently, and thrive in a collaborative team environment

Positive, 'can-do' attitude and self-motivated

Willingness to travel periodically to visit properties and meet with service providers

Preferred

Experience with procurement, vendor negotiation, or portfolio-level cost management preferred

Benefits

Discretionary bonus incentives

Comprehensive benefits package

Company

Related Companies

Glassdoor3.3

Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States.

Founded in 1972

New York, New York, USA

1001-5000 employees