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Asset Management Associate

Vaco
$110,000.00 - $135,000.00 / yr
United States, New York, New York
Mar 04, 2026
Company: Real Estate Firm
Role: Asset Management Associate
Salary: $110,000 - $135,000/annually

Location: New York City (On-site 5 days a week)

About the role: Our client is looking for an analytical, detail?oriented Asset Management Associate who can elevate the financial and operational performance of a large residential property portfolio. This role acts as a key connector between on?site teams and senior decision?makers, requiring strong modeling skills, deep familiarity with property management systems, and a proactive approach to problem?solving and portfolio optimization.

Responsibilities:
  • Contribute to annual planning, mid?year updates, and rolling forecasts. Break down performance variances to highlight trends, risks, and opportunities.
  • Prepare monthly executive?level reporting packages summarizing cash flows, major operating indicators, and distribution readiness.
  • Coordinate with the Accounting team to validate monthly P&Ls, confirm proper cost allocation, and address discrepancies in accruals or classifications.
  • Audit resident billing data within the property management system to validate rent charges, subsidy billings, and government receivables. Resolve inconsistencies impacting NOI.
  • Lead conversations with property teams on delinquency performance, establishing strategies to improve recovery rates.
  • Maintain real?time logs for capital projects, renovation pipelines, and contract expirations to support long?term planning.
  • Review commercial leases and evaluate financial outcomes of new leasing proposals, including tenant improvement costs and commission structures.
  • Assist with onboarding newly added assets by organizing financial data, validating system uploads, and ensuring alignment with operational practices.
  • Become well?versed in lease terms, loan obligations, partnership mechanics, and compliance requirements. Experience with affordable housing programs is highly valued.

Requirements:
  • 2-5 years in asset management, real estate operations, or advanced property management roles. Exposure to commercial leasing is strongly preferred.
  • High proficiency in Yardi Voyager with the ability to navigate complex ledgers and build customized reports.
  • Bachelor's Degree in Finance, Real Estate, Business, or a related discipline.
  • Strong Excel capabilities (including pivot tables, lookups, and real estate modeling concepts).
  • Familiarity with LIHTC or other compliance?heavy housing programs is a plus.
  • Able to hold site leaders accountable while maintaining positive, productive working relationships.

Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.

By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco by Highspring and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco by Highspring") respects your privacy and are committed to providing transparent notice of our policies.

  • California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
  • Virginia residents may access our state specific policies here.
  • Residents of all other states may access our policies here.
  • Canadian residents may access our policies in English here and in French here.
  • Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice

Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:

  • the individual's skill sets, experience and training;
  • licensure and certification requirements;
  • office location and other geographic considerations;
  • other business and organizational needs.

With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

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