Description
General Position Summary
This position is responsible for assisting the acquisitions and asset management teams with all aspects of financial feasibility throughout the project life-cycle. Supporting the senior staff with the financial modeling, budgeting and assessing of potential and current projects.
Essential Job Functions
ASSISTING ACQUISITIONS (Primary Function)
- Work with the senior staff to underwrite potential acquisition opportunities, considers comparable properties/market factors and indicators and/or develops initial asset management plan.
- Perform financial modeling to implement plans and budgets consistent with the company’s development, acquisition, financing, leasing operating and disposition strategies.
- Develop, analyze and update project proformas, budgets, and action plans throughout project life-cycle.
- Provide financial update, market research and ad hoc reports to the team and executives as necessary.
- Assist with identifying acquisition opportunities through contacts with brokers, developers, builders, bankers, landowners, etc.
- Prepares presentation materials regarding the new acquisitions.
- Conducts due diligence, and works with third-party specialists like appraisers, accountants, consultants, etc.
- Reviews legal documents, coordinates and works with attorney in drafting and updating contracts.
ASSET MANAGEMENT (Secondary Function)
- Assist in overseeing local third-party property managers and leasing agents
- Assist in supplying information to develop and execute management strategies to maximize the value of each asset through the analysis of property efficiencies and improvement of performance.
- Prepares and updates annual business plan and quarterly/monthly performance reports for each asset.
- Develops and negotiates with lenders regarding re-financing strategy of each asset.
- Prepares hold/sell analysis report on annual basis with exit strategies.
- Assists with execution of exits strategy and disposition process including broker selection, negotiation with buyers and lenders, closing, etc.
APPROVAL SUPPORT
- Supports expats to learn about US real estate markets and business practices.
- Cooperates with expats for internal approval process including preparation of approval documents for acquisitions, asset management, and dispositions.
OTHER & MISCELLANEOUS
- Seeks constant improvement, more efficient and less expensive ways and means in work processes.
- Performs special projects and other miscellaneous duties as assigned by management.
- Maintains high ethical standards in the work place.
- Reports all irregular issues and problems to management for solution.
- Maintains good communication with management, office staff members and outside contacts.
Complies with all company policies and procedures. - Responsible for maintaining a clean and safe working area.
Qualifications
Bachelor’s degree (B.A.) from four-year college or university in Finance, Business, Economics, Accounting, Math or related field. Or equivalent combination of education and work experience.
Work Experience
* Five+ years of experience in real estate finance, acquisition, asset management and/or property management is preferred.
* Proven analytical skills and working knowledge of MS Suite; Argus proficiency preferred.
* Effective writing skills and ability to synthesize information, as well as verbal interpersonal/communication skills.
* Multi-Family experience strongly preferred.
Certificates / Licenses
None
Supervisory Responsibilities
None
Travel Requirements
Local Travel: Yes, occasionally
Domestic Overnight Travel: Yes, 20%
International Travel: No
Experience
2+ to 5 years
This job is no longer active.