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Open nowPosted 39 days ago

Associate, Asset Management (HQ OR Philadelphia)

Faropoint14 open roles

Pay
$80,000 – $125,000 a year
Where
Hoboken, NJ or Philadelphia, PA
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Your applicationOpen nowAssociate, Asset Management (HQ OR Philadelphia)Faropoint · Hoboken, NJ or Philadelphia, PA

  1. YouYes, apply to this one.

  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

  4. CV RocketApplied on Faropoint's own form.

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. Faropoint postings stay open a median of 37 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.7%14 days
  5. 35.6%30 days
  6. 58.0%60 days
This job: posted 39 days ago

Faropoint median: 37 days open

The posting

About Faropoint

Meaningful Relationships. Ownership. Curiosity. Tenacity.

Established in 2012, Faropoint is a pure play RE fund manager focusing on the last mile industrial sector. Having acquired more than 500 warehouses to date, it is the most active aggregator of warehouses in the US in the past five years. Our platform is built to harness the sector’s fragmentation, operating through 7 regional offices with 120+ employees in vertically integrated teams enhanced by proprietary AI-driven tools, while benefiting from compelling fundamentals like constrained supply growth, reshoring, and e-commerce tailwinds.

Job Summary

The Faropoint Investments Team is expanding, and we are looking for an ambitious and motivated Associate, Asset Management to cover our Northeast Region from the Philadelphia Office. The ideal candidate would have 3-6 years of Asset/Property Management experience, looking to expand their knowledge and experience to Real Estate Private Equity.

Responsibilities

  • Help manage and administer capital projects, from bidding and contract setup, through execution and invoicing
  • Maintain properties by scheduling ongoing routine maintenance. Coordinate maintenance technicians and construction management schedules. Prepare and coordinate bid proposals, service contracts, and invoices. Assist in scheduling tenants’ maintenance requests.
  • Prepare and code invoices for PM/AM approval. Manage and assist in accounts receivable and accounts payable.
  • Assist in lease administration such as maintaining tenant contacts, tracking insurance, collections, and tracking property inspections.
  • Assist in the leasing process, including market analysis, comparative analysis, and negotiations.
  • Lead workflows conducting transaction analysis and due diligence for new acquisitions and onboarding new properties.
  • Assist on all aspects of industrial real estate appraisals and operational budgets, including rental rates, discounted cash flows, and capital work.

Required Qualifications

  • Ideal candidate will have 3+ years of experience as a Asset/Property Manager in the industrial/commercial real estate industry.
  • Bachelor's Degree in Finance, Real Estate or related field.
  • Proficiency in Microsoft Office including advanced Excel skills.
  • Ability to give and take direction and to interface with decision makers in a professional manner while maintaining confidentiality.
  • High learning agility with an ability to manage multiple priorities while working in a fast-paced and dynamic environment.
  • Demonstrates attention to detail and a high level of accuracy.
  • Self-starter who independently drives projects to completion by self-sourcing information and leveraging all available resources.
  • Willingness to travel 10-15% of the time
  • Knowledge of finance concepts including an understanding of financial statements.
  • Personal and professional integrity of the highest order required.

Location:

Hoboken, NJ or Philadelphia, Pennsylvania

Compensation:

This position offers a base salary in the $80,000-$125,000 range, plus discretionary bonus, competitive healthcare benefits, unlimited PTO, and a 401k match.

Equal Opportunity Employer

Faropoint is proud to be an Equal Opportunity Employer. We value diversity, and we do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, parental status, disability status, or any other status protected by local law. We believe that our work is better and our company culture is improved when we encourage, support, and respect the different skills and experiences represented within our workforce.

AI Notice to Candidates Faropoint Ventures LLC and its subsidiaries (the "Company") and their recruiting vendors may use artificial intelligence and other automated tools ("AI Tools") to parse, screen, rank, assess, and summarize resumes/CVs, applications, and interviews. No hiring or rejection decision will be made solely by automated means without meaningful human review by Company personnel, and any use of AI Tools will comply with applicable law, including anti-discrimination laws and laws governing automated employment decision tools and algorithmic decision-making. Personal information you submit will be kept confidential in accordance with our Privacy Policy and used for recruiting, hiring, and related legal, compliance, and recordkeeping purposes, including to evaluate you for employment opportunities with the Company and its affiliates.

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