Listing Details


 

Interested and qualified candidates, please submit your resume to:

Alyssa DeMartino, Director

alyssa@kelleraugusta.com | 516.659.2933

Analyst, New York

Rego Park, NY

JOB DESCRIPTION

Our client is seeking an Analyst to support the finance side of the development process and assist the acquisitions team underwrite new investment opportunities. The analyst will work under senior team members’ leadership to help create and maintain development and acquisition proformas and the business plans that explain those proformas, and to produce reporting for our capital partners, investors, and/or lenders. The analyst will be involved in asset management and/or acquisitions efforts, which ensures the analyst a comprehensive exposure to real estate investment.  The position is intended as a learning opportunity for the analyst, and a great opportunity to gain hands-on real estate experience and develop a holistic knowledge of the industry.

 

Roles and Responsibilities:

 

Financial Modeling & Reporting

·       Generate and update Argus files and complex cash flow models

·       Maintain asset return metrics (e.g., IRR, cash-on-cash, equity multiple) and cash flow waterfalls.

·       Research, track and communicate ongoing project status to team members, lenders and equity investors.

·       Prepare monthly reports showing forecast of expenditures for the remaining calendar year, including summary of monthly budget vs actual costs and variance explanations.

·       Analysis and/or preparation of accounting reporting, real estate taxes, risk management, property info., lease dals, etc.

 

Business Plan Preparation & Execution

·       Prepare and update property business plans incorporating budget, leasing, capital, and valuation assumptions, risks & mitigants, SWOT analysis, and a summary of the relevant real estate market.

·       Update business plans when adjustments are identified that take advantage of opportunities in the market, defend against competition, and respond to evolving dynamics.

·       Research, organize and analyze large volumes of pertinent and complex property information.

·       Keep current with macroeconomic news, market trends and general industry knowledge for use in business pitches and research reports.

 

 

Asset Management

·       Support the annual budgeting process, interacting with property manager and leasing brokers in preparing, finalizing and implementing the budgets.

·       Support lease implementation by property manager and accounting.

·       Develop a working knowledge of leases, loan documents, partnership agreements, and other agreements for general responsibilities.

·       Support annual expense reconciliations and true-up process, as well as tenant operating expense audits and reimbursement calculations.

·       Collaborate with insurance carriers, providing all the required supporting information for renewals or information requests.

·       Review and manage current real estate tax assessments and appeal processes.

 

 

Acquisitions

·       Provide ad hoc analytical support to senior acquisitions professionals.

·       Support all analytical and transactional aspects including market research, due diligence, financing, structuring, negotiating and closing.

·       Screen potential investments relative to investment criteria.

·       Perform and coordinate due diligence on new investments including:

·       Effectively identify and articulate the major risks associated with an investment opportunity in both verbal and written format.

o    

·       Assist in the creation of thorough and concise investment packages that are presented to ATCO’s Investment Committee and investors, performing and providing all support for assumptions utilized during the process.

 

Investor Relations

·       Interact with existing and prospective investors/partners to process investments, update records, answer sophisticated inbound questions and spend time on phone educating investors

·       Follow up with prospects to address questions and assist with decision to subscribe

·       Work with new signups as well as existing investors

·       Provide exceptional and timely customer service to investors; respond to investor inquiries and requests for information

·       Oversee and assist with the intake, processing and filing of investor documents and the ongoing posting of distribution notices, tax forms and account statements to the online investor room

·       Assist in preparation of reporting packages to capital partners and/or lenders.

·       Assist in preparation of quarterly and annual investor reports and presentations.

COMPANY OVERVIEW

Our client is a privately-held real estate development, investment and management company in its fourth-generation of family ownership. The company owns and manages a New York City portfolio of midtown office and prime multifamily buildings, and is developing Camp North End in Charlotte, NC and a series of projects in Austin, TX. Our client continues to look for opportunities to deploying capital into strategically selected, pedestrian-oriented, office, multifamily and retail opportunities.

QUALIFICATIONS

Qualifications, Experience and Education:

·       Required:

o   BS/BA in real estate, business, accounting, or a related field

o   1-3 years of direct investment experience in real estate properties.

o   Expert Argus Enterprise and Excel user with a solid modeling background, and experienced Work and PowerPoint user able to generate cogent investment memoranda and presentation decks.

o   The position will require occasional travel.

 

The ideal candidate will be:

A pragmatic problem solver with a common-sense approach
Self-motivated
Comfortable working in person, remotely, or in a hybrid environment
A team player with entrepreneurial spirit
Eager to share and demonstrate expertise in assigned markets and in areas of knowledge
Skilled at oral and written communications and have strong presentation and process management abilities; and
Enthusiastic about becoming an active participant in external professional organizations.