Overview

100% REMOTEBluecore Residential is a privately owned real estate investment company headquartered in Newport Beach, CA. Bluecore principals have owned and operated a multifamily portfolio totaling more than 16,000 units located in high-growth secondary markets. Bluecore's competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.Since 2018, Bluecore principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecore principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal-level IRRs exceeding 30% annually since inception. Going forward, Bluecore is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.Bluecore is adding an Asset Management Analyst to sit in the intersection of Operations and the Investment team. This role offers direct exposure to our Founders and they will working closely with senior leadership. Our Asset Management Analyst will support budgeting, underwriting analysis, and operational performance monitoring across our multifamily portfolio. This role is responsible for ensuring that asset-level operating performance is measured against underwriting assumptions and annual budgets — and for explaining why it diverges when it does. This is a high-visibility seat with direct exposure to portfolio leadership and a strong pathway into asset management or acquisitions.Key ResponsibilitiesAsset ManagementPrepare 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 performanceMaintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performancePartner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plansBuild and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollupsExtract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysisAnalyze UnderwritingAnalyze underwriting budgets and operating assumptions for multifamily assets at acquisition and throughout the hold periodSupport investment reporting materials, including memos, return analysis, and scenario modelingAssist in due diligence processes, including review of third-party reports and financial dataBudgetingSupport the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property ManagementInvestor ReportingSupport investor reporting with asset-level performance narratives and supporting schedulesAssist Asset Management with hold/sell analyses, refinancing support, and business plan updatesas neededAI & Process OptimizationLeverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline analysis, underwriting, reporting, and workflowsHelp develop and refine internal processes to improve efficiency and scalabilityIdentify opportunities to automate recurring analyses and enhance data qualityRequirementsBachelor's degree in Finance, Economics, Accounting, Business, or a related fieldYou have 1-4 years of experience in multifamily or commercial real estate — asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all consideredYou have strong financial modeling skills in Excel, including the ability to build and audit modelsYou have familiarity with multifamily operating statements and key metrics, including NOI, economic occupancy, trade-outs, and expense ratiosPreferred Requirements:You have exp