Junior Portfolio Manager

Sorry, this job was removed at 04:59 p.m. (EST) on Monday, Aug 19, 2024
New York, NY
90K-125K Annually
5-7 Years Experience
Fintech • Real Estate • PropTech
The Role

Avenue One is a disruptive force in U.S. real estate, professionalizing the rental experience for thousands of families across the country. A “prop-tech scaleup” by definition, we are a service platform that enables investors to access single-family rental (SFR) homes by connecting an ecosystem of boots-on-the-ground, local partners to institutional financing. We are in the business of partnerships: finding, vetting and empowering local experts nationwide to find, buy, renovate, lease, and manage properties on behalf of our clients.

We find and purchase properties and coordinate the efforts of our partners through a proprietary technology stack. This system takes in huge amounts of data at national and local levels, which combined with information about each individual property, gives us and our partners a competitive advantage in pricing, speed, and scale. The technology is constantly evolving to remain best-in-class, but it is only as good as our team that drives it, which is where you come in.

Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

  • New York (NY)
  • Hybrid (minimum 3 days in office)

Responsibilities: 

  • Maintain comprehensive oversight of the firm’s SFR investment portfolios.
  • Direct the implementation of the investment strategy, business plans, and objectives for each of the funds under management.
  • Determine portfolio allocation and capital deployment strategies, present those strategies to Investment Committee, and make the day-to-day acquisition and disposition decisions to optimize portfolio composition.
  • Closely monitor all elements of financial performance; analyze financial statements and make necessary recommended operating adjustments.
  • Review macro, market, and sub-market analysis of the US housing market as it relates to asset management strategies.
  • Build and maintain portfolio forecasting models for capital allocation and deployment by market.
  • Produce and update investor reporting and assist in building and managing relationships with investors.
  • Implement budgets, forecasts, performance reports, timelines, and management plans.
  • Oversee the budgeting process to create, compile, organize, and evaluate projections and operating data; monitor and help administer budget compliance and implementation, including draw schedules, and budget estimations.
  • Manage and improve internal procedures and processes.

  • Minimum of 5 years of real estate private equity, residential mortgage trading, and analysis/asset management experience.
  • Master’s degree in finance, real estate, or related field with a strong record of academic achievement.
  • Advanced proficiency with MS Excel required; proficiency with SQL and Python/R preffered.
  • Strong experience creating reporting in Tableau / Power BI
  • Strong experience with financial modeling, including detailed property-level financial statement analysis, budgeting/forecasting, and performance metrics.
  • Strong ability to multi-task and manage varied and constantly changing workloads in a fast-paced, dynamic, entrepreneurial environment.
  • Ability to set personal and project-specific priorities, be highly organized in the day-to-day and longer-term planning and execution, and track and maintain complex schedules.
  • Articulate, decisive communicator who understands how to communicate effectively with a wide spectrum of internal and external executives, professionals, and investors.
  • Outstanding professional carriage and personal presentation.
  • Outstanding interpersonal skills with strong leadership, management, and teambuilding proficiency.
  • Demonstrated ability to analyze and interpret complex documents and respond effectively to the most sensitive inquiries, and negotiate and interface with a diverse constituency.

The base pay range for this role is estimated to be $90,000 - $115,000 at the time of posting. Final compensation will be determined by various factors such as work location, education, experience, knowledge, and skills.

 

  • Compensation commensurate with experience 
  • Company-provided home office tech
  • Company-paid Medical, Vision, Dental, and wellness benefits for employees and dependents
  • Team-oriented and supportive working environment; company-sponsored events and activities 
  • Flexible vacation and sick days
The Company
New York, NY
260 Employees
Hybrid Workplace
Year Founded: 2020

What We Do

Avenue One is a disruptive force in U.S. real estate, professionalizing the rental experience for thousands of families across the country. A “prop-tech scaleup” by definition, we are a service platform that enables investors to access single-family rental (SFR) homes by connecting an ecosystem of boots-on-the-ground, local partners to institutional financing. We are in the business of partnerships: finding, vetting and empowering local experts nationwide to find, buy, renovate, lease, and manage properties on behalf of our clients.

We find and purchase properties and coordinate the efforts of our partners through a proprietary technology stack. This system takes in huge amounts of data at national and local levels, which combined with information about each individual property, gives us and our partners a competitive advantage in pricing, speed, and scale. The technology is constantly evolving to remain best-in-class, but it is only as good as our team that drives it, which is where you come in.

Why Work With Us

Avenue One is the anti-corporate start-up, based on meritocracy. The company offers significant exposure to leadership and values everyone's input and ideas.

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