Note: The job is a remote job and is open to candidates in USA. Bluecore Residential is a privately owned real estate investment company headquartered in Newport Beach, CA. They are seeking an Asset Management Analyst to support budgeting, underwriting analysis, and operational performance monitoring across their multifamily portfolio, offering direct exposure to all aspects of the investment lifecycle and senior leadership.
Responsibilities
- Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and comparable property performance
- Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performance
- Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans
- Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups
- Extract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysis
- Build and maintain detailed financial models for multifamily acquisitions and development projects
- Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance
- Support investment reporting materials, including memos, return analysis, and scenario modeling
- Assist in due diligence processes, including review of third-party reports and financial data
- Support the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property Management
- Prepare monthly and quarterly portfolio reporting materials for internal and investor use
- Perform variance analysis against underwriting and reforecast projections
- Support cash flow forecasting and performance tracking across investments
- Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios
- Prepare analytical memos with clear recommendations for senior leadership
- Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions
- Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline underwriting, reporting, and workflows
- Help develop and refine internal processes to improve efficiency and scalability
- Identify opportunities to automate recurring analyses and enhance data quality
Skills
- Bachelor's Degree in Finance, Economics, Accounting, Business or related field
- You have at one-four years of experience in multifamily or commercial real estate — asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered
- You have strong financial modeling skills in Excel (ability to build and audit models)
- You are familiarity with multifamily operating statements and key metrics (NOI, economic occupancy, trade-outs, expense ratios)
- You are proficient in PowerPoint and have experience preparing investment materials
- You have strong analytical skills with experience working with large datasets (rent rolls, T-12s, budgets)
- You have at least one year of experience with multifamily underwriting and development projects
- You have experience with construction budgets, draw processes, and cost tracking
- You have exposure to AI tools or interest in applying technology to investment workflows
- You have experience with Yardi, RealPage, Entrata, or comparable property management systems
Benefits
- Performance Bonuses- Our corporate team participates in performance-based bonuses.
- Paid Time Off- Unlimited DTO starting upon hire.
- Mentorship- Work with an experienced team of multifamily investment professionals.
- Holiday Pay- 10 full paid holiday.
- Paid Volunteer Hours- 8 hours of paid volunteer time you can use throughout the year.
- Housing Discounts- 25% off rent available for all employees off any unit.
- Comprehensive Insurance Benefits- Medical PPO, HDHP, FSA, HSA with employer match
- Dental, Vision, STD, & LTD.
- Retirement Plan- 401K with a 25% company match up to 6%.
- Travel & Personal Discounts- Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).
- Certification Reimbursement- Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!
- Tech Forward & Transparent Culture- Innovative internal software to make your job easier!
- Cultural Appeal- We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!
Company Overview