Portfolio Accounting Associate - ARGUS

This opening is with our long-time partners, a national leading real estate portfolio management/owner/operation company with a focus on large-scale commercial real estate. This is a great opportunity to support portfolio level forecasting, valuation, and investment decision making across an existing retail real estate portfolio. This is a hands on modeling role with strong visibility to senior leadership and cross functional partners in Asset Management, Capital Markets, and Leasing.

Please read - being up front here, this role is not for everyone. The team is looking for candidate who have strong ARGUS proficiency within their experience as a commercial real estate portfolio analyst/associate. Candidates applying without ARGUS will not be considered.

Key Details

• Work Arrangement:
  Hybrid with 4 days in the Needham office / 1 day work-from-home per week
• Pay Range: $110,000 to $120,000 base plus bonus target around 10 percent
• Strong company benefits:
  Health/Dental/Vision coverage. 401K with match, and more.

Why This Job is Awesome / Your Impact

• Newly created role due to growth with meaningful ownership of models and forecasts
• Exposure to leasing decisions, capital projects, refinancing, dispositions, and broader business plan initiatives
• You will translate property level performance into clear recommendations that influence investment and capital allocation decisions

Responsibilities

• Own and maintain property level underwriting across the portfolio, including ARGUS models and supporting Excel models
• Update leasing, operating, capital, and market assumptions and reforecast projected asset level returns
• Monitor performance versus underwriting and business plans, identify variances, and assess impact on value and returns
• Build scenario models, valuations, and buy hold sell refinance analyses to support decision making
• Partner with Asset Management and Leasing to evaluate renewals, new leases, tenant backfills, downtime, TI and LC, rent spreads, NPV, NER, and incremental returns
• Evaluate capital expenditures and redevelopment opportunities, including return on cost, incremental NOI, and value creation
• Support periodic reforecasting using actual performance and changes in leasing, capital plans, financing, and exit assumptions
• Prepare analyses and recommendations for senior leadership and Investment Committee discussions
• Improve portfolio reporting, models, and processes to increase visibility into performance, risks, and opportunities

Required Qualifications

• 3 to 5 years of commercial real estate experience in asset management, portfolio management, acquisitions, valuation, or similar underwriting focused role
• Strong ARGUS Enterprise skills with the ability to build, maintain, and modify property level models independently
• Advanced Excel modeling skills with the ability to build real estate models from scratch
• Solid understanding of underwriting and investment analysis including DCF, IRR, NPV, leasing economics, and debt and refinancing analysis
• Strong communication skills and the ability to present clear conclusions to stakeholders
• Able to commute to Needham four days per week