Asset Management Associate

Job Description:

Asset Management Associate

The Role

Pembroke is looking to hire an Asset Management Associate to join the Asset Management team and support operations in Boston. The Asset Management team at Pembroke works directly, or through third party property managers, to source and negotiate leases, initiate and lead renovation and repositioning efforts, research market trends and seek innovative ways to maximize property values.

A successful candidate will bring strong analytical rigor, financial modeling expertise, and a deep understanding of market dynamics to support data‑driven asset management decisions. They will operate with an ownership mindset, demonstrating sharp critical thinking, problem‑solving ability, and meticulous attention to detail while consistently producing high‑quality work. The role requires someone who is collaborative, communicative, and self‑motivated, with the ability to quickly absorb new information and present insights clearly. Proficiency in ARGUS and familiarity with tools like VTS, CoStar, Dealpath, or Yardi—as well as a solid understanding of commercial office leases—will further strengthen their effectiveness.

The Expertise and Skills You Bring

• Bachelors, or equivalent with 5+ years of experience in commercial real estate, asset management, economics, finance, or market research including experience in underwriting and valuation.
• Ability to lead, manage and train a team of early career analysts and associates.
• Excellent verbal, written and presentation skills to communicate effectively with leadership, industry peers, vendors, and colleagues.
• Proficiency with ARGUS and/or Excel cash flow modeling required; proficiency with YARDI Voyager and Job Cost software preferred.
• Fully competent in all aspects of financial modeling (development and income) and application of market assumptions
• Proven ability to produce results, meet deadlines, and manage complex and shifting priorities.
• Attention to detail coupled with ability to see the bigger picture.
• Excellent networking skills and intrapersonal skills.
• Collaborative and team-oriented work style, and an entrepreneurial / self-motivated character.

Responsibilities

• Manage and report on all asset management activities, including implementation of annual business plans and oversight of financial performance.
• Lead lease negotiations with tenants, including the oversight of brokers and close coordination with legal counsel in the preparation of legal documentation.
• Work closely with the finance team and property managers to prepare operating budgets for individual assets.
• Contribute to evaluation and oversight of capital expenditures.
• Manage teams of third-party service providers, including property managers and facility managers.
• Provide financial modeling for new acquisitions, appraisals, and lease analyses, utilizing both ARGUS and Excel to forecast cash flows and calculate financial returns.
• Support feasibility studies on development opportunities.
• Perform financial analysis of property, tenant credit, and markets (including rent and sales comparisons)
• Support financing negotiations with banks and debt compliance reporting.
• Manage investor reporting including production of investment memos, executive reports, and presentations.
• Train junior associates on key systems (ARGUS, Hyperion, VTS, Yardi) and support their professional development.

Note: Fidelity is not providing immigration sponsorship for this position

The Team

Pembroke is an international real estate advisor that acquires, develops, and manages properties and places – specializing in mixed-use and office environments in the world’s leading cities. We believe that properties that stand the test of time deserve a lot of time. So, we take a different approach: a thoughtful approach.

We are united by a belief that real estate is more than just buildings. Our mission is to create long-term value through our global expertise, local knowledge, and passion for real estate. Comprised of experts across a variety of fields, our team consistently strives for excellence, achieves with integrity, and embraces collaboration. Working together, we create places people love.

Over the past twenty-eight years, we have grown with offices in Boston, London, Munich, San Francisco, Stockholm, Sydney, Tokyo, and Washington DC managing approximately 9.8m sq ft in North America, Europe, and Asia Pacific. Facilitating the patient capital of FMR LLC and FIL Limited, we invest in global markets with long-term growth potential.

By combining a global point of view with local expertise, we are able to create and manage world-class properties that deliver the best outcomes for our tenants, investors, and the communities in which we work.

For more information, visit our website: www.pembroke.com

The base salary range for this position is $97,000-185,000 USD per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Most roles at Fidelity are Hybrid, requiring associates to work onsite every other week (all business days, M-F) in a Fidelity office. This does not apply to Remote or fully Onsite roles. Please consult with your recruiter for the specific expectations for this position.

Certifications:

Category:

Pembroke Real Estate