Job Description

Associate to Senior Associate | Portfolio Manager (Operational Focus)

Location: Los Angeles, CA

Reports to: Managing Director, Portfolio Management

Overview

Benedict Canyon Equities (BCE) is seeking an Associate to Senior Associate, Portfolio Management with a strong operational focus to join its Portfolio Management team. This position bridges the gap between traditional Portfolio Management and Asset Management—overseeing asset-level execution while maintaining a portfolio-level strategic lens. The ideal candidate has over 3 years of experience in multifamily real estate asset manager or investments , with demonstrated success driving property-level performance, analytical rigor, and cross-functional coordination.

Responsibilities

Operational:

• Manage a portfolio of multifamily assets across multiple markets, ensuring alignment between business plans, financial performance, and overall investment objectives.
• Identify operational inefficiencies and lead initiatives to optimize NOI, streamline capital deployment, and enhance value creation at the asset level.
• Track, analyze, and reforecast financial performance, including business plan execution, operating trends, and variance drivers.
• Review and reconcile budgets versus actuals, cash flow forecasts, distribution recommendations, and CapEx schedules and draws.
• Lead performance reviews with Asset Managers and third-party Property Managers, establishing operational benchmarks and accountability metrics.
• Conduct quarterly property visits with management companies and Asset Managers, generating and tracking actionable follow-ups.
• Support tax appeal processes and litigation management as needed.
• Ensure ongoing compliance with JV agreements and lender requirements.

Transactional:

• Oversee the transition of new acquisitions from the Acquisitions team to Portfolio Management, ensuring clear cross-functional communication, rapid business plan implementation, and timely updates to key stakeholders.
• Manage assets through refinances, dispositions, and lender tests, collaborating closely with the Transactions and Investor Relations teams on lender and investor communications.
• Request loan quotes and prepare refinance waterfalls in accordance with JV agreements.
• Request BOVs and prepare disposition waterfalls in accordance with JV agreements.

Reporting:

• Collaborate for the preparation and review of quarterly investor reports and semi-annual fund reports.
• Prepare investor valuation reports and REO schedules
• Review and provide thorough feedback on annual asset operating budgets.
• Prepare internal and external presentations summarizing portfolio performance and strategy updates for senior leadership, partners, and investors.

General:

• Ensure consistent application of best practices across the portfolio
• Maintain robust Excel-based financial models for property- and portfolio-level analysis, with recurrent KPI tracking.
• Coordinate across departments to streamline reporting, forecasting, and cross-portfolio analyses.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Economics, or related field required. Master’s degree preferred, but not required.
• Advanced Excel and financial modeling skills. Proficient in Word and PowerPoint.
• Experience with the RealPage suite (Business Intelligence, OneSite, AIRM) and a strong working knowledge of AI tools is preferred.
• Over 3 years of experience in real estate asset management, portfolio management, or investment management, with at least 3 years of direct exposure to multifamily.

Abilities

• Exceptional understanding of property operations, budgeting, CapEx management, and financial reporting, supported by strong accounting and analytical skills.
• Extremely detail-oriented with the ability to manage multiple priorities, apply best practices, and drive projects to completion.
• Excellent written, verbal, and interpersonal communication skills, with the ability to present to senior executives, partners, and investors.
• Highly organized, proactive, and comfortable navigating ambiguity with a strong sense of urgency and results-driven mindset.
• Versed in reading JV agreements and following equity waterfalls.

Compensation and Benefits

Benedict Canyon Equities offers a competitive base salary of $125,000–$165,000 , plus performance-based bonus opportunities and a comprehensive benefits package that includes:

• Retirement plan with company match
• Medical, dental, and vision coverage
• Flexible Spending Accounts (FSA)
• Long-Term Disability (LTD) insurance
• Accidental Death & Dismemberment (AD&D) coverage
• Additional voluntary benefits and wellness programs

Equal Opportunity Employer

Benedict Canyon Equities is an equal opportunity employer committed to diversity and inclusion. We prohibit discrimination and harassment of any kind based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, or any other protected category. Employment decisions are based solely on qualifications, merit, and business needs.

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