Boston, MA, US
22 days ago
Asset Management Analyst
Job Description:

The Team

Pembroke is an international real estate advisor that acquires, develops, and manages properties and places – specializing in mixed-use, office, and residential environments in the world’s leading cities. We believe that properties that stand the test of time deserve a lot of time. So we take a different approach: a thoughtful approach. 

We’re united by a belief that real estate is more than just buildings. Our mission is to create long-term value through our global expertise, local knowledge and passion for real estate. Comprised of experts across a variety of fields, our team consistently strives for excellence, achieves with integrity and embraces collaboration. Working together, we create places people love.

Over the past twenty years, we’ve grown to include offices in Boston, San Francisco, London, Munich, Stockholm, Sydney, Tokyo, and Washington DC, and manage approximately 802,000 sq m/8.6m sq ft in North America, Europe, and Asia Pacific. Facilitating the private capital of our investors FMR LLC and FIL Limited, we invest in global markets with long-term growth potential.

By combining a global point of view with local expertise, we’re able to create and manage world-class properties that deliver the best outcomes for our tenants, investors and the communities in which we work. For more information, visit our website: www.pembroke.com

The Role

The Analyst will support Pembroke’s Asset Management and Investment Analytics functions.  The successful candidate will have 2+ years prior Asset Management, market research, or investment analytics experience and exhibit strong analytical skills, including proficiency in Argus, Excel, and PowerPoint.  The candidate must demonstrate a high level of organization, accuracy, and the ability to manage multiple priorities.  The Analyst routinely presents to a wide range of stakeholders and must build internal and external relationships in a highly collaborative environment.

Asset Management Support

Work with Asset Managers and brokerage teams to underwrite, negotiate and execute lease transactions.

Work closely with Pembroke’s Marketing Team to ensure properties are strategically positioned through development and leasing cycles. Develop local market expertise and work with the team to provide recommendations and create new strategies.

Create detailed pro-forma financial analyses and prepare investment memoranda for presentation.

Collaborate with colleagues and asset representatives to build annual budgets and business plans for senior management review, including tracking and managing property-level performance against budget throughout the calendar year.

Review monthly, quarterly, and annual investor and/or lender deliverables, including monitoring for adherence to annual business plans.

Participate in the oversight of third-party property management teams to develop strategies to improve asset performance while maintaining Pembroke operational standards.

Build and maintain financial models using both Excel and ARGUS Enterprise to calculate quarterly asset valuations, project detailed cash flows, and forecast investment returns for asset management decision-making, such as discounted cash flow analyses related to potential lease transactions and capital projects.

Aggregate and apply market data (including rent and sales comparisons) to valuation analysis of assets and portfolio. Perform quarterly and ad hoc asset valuations in ARGUS and manage external appraisals.

Assist in development of investment recommendations based on underwriting assumptions and appropriate return parameters. Gather market, leasing and forecast data and help maintain research databases.

Prepare materials for the quarterly reporting process as well as prepare regular and ad hoc reports for review by senior management.

Assist in investment underwriting and development management activities, including the production of investor reports at asset and portfolio levels.

Collaborate with the global technology team to improve existing IT platforms and ensure critical asset management data and documentation is kept secure, current, and well organized for team use.

Compose letters, emails, meeting agendas, meeting minutes in a professional and expedient manner.

Investment Analytics Support

Manage annual market research/data budgeting and procurement.  Ongoing maintenance of research service provider relationships and database of key market analytics, forecasts, supply/demand, rent and other statistics.

Source, collate and analyze market data to enable evaluation and underwriting of acquisition/disposition and capital project decisions.

Participate in asset-specific ad-hoc analyses and special projects

Support quarterly portfolio valuation process, reviewing Fair Market Value submissions and preparing investor-level presentation material, in addition to year-end audit processes.

Support quarterly financial performance analytics and investor reporting, assisting with presentation materials and working in Hyperion/PBCS to manage returns data.

Manage tenant credit underwriting and monitoring platform using Capital IQ.

The Skills and Expertise You Bring

Bachelor’s degree in finance or business/economics/real estate, or related field required.  

2-5 years of investment analysis or asset management experience in the commercial real estate industry, including underwriting and valuation with a reputable private and/or institutional investor.

Excellent Excel, analytical, and cash flow modeling.

Proficiency in ARGUS Enterprise

Experience in VTS, RealPage, Dealpath, Hyperion/PBCS, Yardi Elevate (preferred, not required).

Comprehension of standard commercial office leases (preferred).

Demonstrated interest in real estate and desire to develop within the industry.

Excellent written and verbal communication skills and strong presentation/ PowerPoint skills.

Proven ability to produce results, meet deadlines, and manage complex and shifting priorities.

Attention to detail coupled with ability to see the bigger picture.

Excellent networking skills and intrapersonal skills.

Collaborative and team-oriented work style, and an entrepreneurial / self-motivated character.

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.

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