Senior Associate, Asset Management at Carmel Partners

Seattle, Washington, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Jun, 26

Salary

140000.0

Posted On

16 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Analysis, Asset Management, Business Plan Execution, Lease-Up Strategy, Revenue Management, Budgeting, Due Diligence, Market Research, Operational Efficiency, Microsoft Excel, PowerPoint, Yardi, LRO, Data Analytics, Presentation Skills, Organizational Skills

Industry

Real Estate

Description

Carmel Partners, one of the nation’s leading specialists in real estate investment management, with expertise in the investment, development, and construction of multi-family real estate, is seeking a Senior Associate, Asset Management in our Seattle, WA Office. The Senior Associate, Asset Management, supports the performance and value creation of Carmel Partners’ multifamily portfolio. This role focuses on optimizing property operations and maximizing investment returns at both the asset and portfolio levels. The Senior Associate independently manages a portfolio of multifamily assets within an assigned region and partners closely with the Vice President of Asset Management, property management teams, and internal stakeholders to execute business plans, drive operational performance, and support strategic initiatives. Asset assignments may change based on business needs. A place for you Here at Carmel, we don’t just invest in buildings, we invest in careers. If you don’t meet all of the qualifications listed for this role, we encourage you to monitor our career page for upcoming opportunities. We’re committed to assembling diverse teams with exceptional talent, and we strongly encourage individuals from a wide range of backgrounds to apply. Everyone’s career journey is unique, so let’s explore how you could be a great fit for our team! What you’ll do * Partner with the Vice President of Asset Management to drive operational performance and value creation across a regional portfolio of multifamily assets. * Independently manage assigned properties, overseeing financial performance, business plan execution, lease-up strategy, and operational initiatives. * Lead preparation and presentation of Quarterly Asset Reviews (QARs) and Annual Business Plans (ALBPs), analyzing performance relative to budget, trends, and strategic objectives. * Analyze financial results, operating metrics, and market conditions to inform asset-level strategy. * Participate in bi-weekly revenue management calls, recommending pricing and revenue strategies based on occupancy trends, lease expirations, and historical pricing data. * Support the transition of new developments into lease-up, including development of lease-up playbooks, business plans, and pricing tools. * Serve as the primary liaison with third-party property management teams to ensure execution of business plans and operational initiatives. * Conduct monthly financial reviews with onsite teams and internal stakeholders to evaluate property performance relative to budget. * Lead the annual budgeting process for assigned assets in partnership with property management teams. * Collaborate with Development, Construction, and Investments teams on new developments, renovations, and repositioning strategies. * Support investment underwriting, including market research, financial analysis, and participation in physical due diligence. * Assist with asset dispositions by coordinating with property management and the Investments team to support positioning and sale execution. * Conduct market research, competitive analysis, and property visits to maintain current market intelligence. * Identify opportunities to improve operational efficiency and asset performance. * Contribute to Asset Management initiatives that enhance reporting, tools, and operational processes. * Build strong relationships with internal teams and external partners to support effective execution of asset strategies. * Travel periodically to other Carmel regional offices. * Perform other duties and special projects as assigned. What you’ll bring * Bachelor’s degree in real estate, Finance, or a related field required; master’s degree preferred. * 5+ years of relevant real estate experience with a master’s degree, or 7+ years with a bachelor’s degree. * Strong understanding of multifamily asset management, including financial analysis, lease-up strategy, operating performance, and asset valuation. * Advanced financial analysis skills and strong proficiency in Microsoft Excel and PowerPoint. * Experience with property management and revenue management systems such as Yardi, LRO, or similar platforms preferred. * Familiarity with emerging data and analytics tools and the ability to leverage data insights to support asset strategy and operational decision-making. * Strong communication and presentation skills, with the ability to convey analysis and recommendations clearly to senior leadership and cross-functional teams. * Strong organizational and time management skills with the ability to manage multiple assets, priorities, and deadlines. * Analytical, solutions-oriented mindset with sound judgment and attention to detail. * Collaborative team player with strong interpersonal skills and a high level of integrity and accountability. Who you are * Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy * Excellent organization and time management skills – able to manage and execute multiple quantitative projects simultaneously * Values relationships – thrives in a collaborative team setting as well as working independently * Demonstrates impeccable integrity and dependable judgement Compensation and Benefits Compensation and benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. You’ll find competitive compensation and a comprehensive benefits package at Carmel. Base compensation range $130K to $140K. Total compensation for this role also includes a bonus incentive in addition to the base salary. The Company reserves the right to ultimately pay more or less than the posted range and to offer additional benefits and other compensation, depending on circumstances unrelated to an applicant’s sex or other protected status under local, state, or federal law. Choose Carmel At Carmel Partners, our mission is to create exceptional multifamily communities that enrich lives and neighborhoods. Founded in 1996, Carmel is one of the nation’s leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, renovation, and debt investments. Through its vertically integrated platform, Carmel seeks to achieve superior risk-adjusted returns across market cycles by investing in relatively supply-constrained, high-barrier-to-entry markets in the United States. Visa Sponsorship: Carmel Partners is currently unable to sponsor or assume sponsorship of an employment visa for this role. We require that applicants be authorized to work in the U.S.A. Inclusion Statement We are committed to equitable hiring and promotion practices. We lead with integrity and believe in building a diverse and inclusive workplace, rooted in a culture of mutual respect. By welcoming varied backgrounds, perspectives, and ideas, we cultivate engagement and a sense of belonging that creates community within, so Carmel can build communities that thrive. Carmel Partners is an Equal Opportunity Employer, committed to providing employees with a work environment free of discrimination and harassment. Employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion or belief, gender, gender identity, gender expression, sexual orientation, pregnancy and reproductive decisions, family or parental status, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws. Notice to Third-party Agencies: Carmel Partners does not have any standing offers to pay any referral compensation or recruitment fees for any open positions. Unless there is a signed agreement providing otherwise, Carmel Partners will not pay any compensation to any employment Firm, staffing agency, recruiter, or other third party for any resumes or candidate profiles provided, even if the individual is hired by Carmel Partners. In the event a recruiter or third-party agency/Firm submits a resume or candidate profile without a signed active agreement, Carmel Partners explicitly reserves the right to pursue and hire said candidate without any notice or financial obligation to the recruiter or agency/Firm. Carmel Partners reserves the right to retain, use, transfer and distribute any resumes and candidate profiles that are submitted, including those submitted to hiring managers.

Responsibilities

This role supports the performance and value creation of the multifamily portfolio by independently managing assigned assets, overseeing financial performance, and executing business plans in partnership with property management teams. Key duties include leading Quarterly Asset Reviews, Annual Business Plans, and collaborating with internal teams on development, renovation, and disposition strategies.