Real Estate Analyst & Development Associate

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Job description

Full-time Real Estate Analyst/Development Associate position available in Lyndhurst, Ohio. The Analyst will assist in implementing plans consistent with the Company's acquisition, financing, leasing, and managing/disposition strategies. The Analyst will also provide feedback regarding various investments, leases, and other business strategies; develop analytic tools to evaluate and report on the overall portfolio; and assist in the due diligence process of closing an investment property.

A bachelor's degree is required; college level or graduate level coursework in real estate, finance, and computer systems is preferred. Must be detail-oriented and possess excellent financial, mathematical, and statistical skills and can work with complex databases and/or quantitative tools.

This position is full-time, 40 hours per week, Monday through Friday. Option to work remotely from home on most Mondays and Fridays. Salary is commensurate with experience. Full benefits package is available including medical, dental, vision, life insurance, disability, retirement plan, paid holidays, paid vacation and paid sick days. On-site fitness facility and covered parking are included. The full job description is listed below.

Interested candidates can submit a resume and cover letter to .

About Us:

First Interstate Properties employs a professional team dedicated to quality work, quality relationships, and uncompromised values. The results of that dedication are apparent to visitors of any of the properties owned and managed by First Interstate Properties. First Interstate is a "Top Workplaces" recipient since 2014.

REAL ESTATE ANALYST

General Responsibilities & Description

1. Assist the Asset Management and Development groups in implementing plans consistent with First Interstate's development, acquisition, financing, leasing, and managing and disposition strategies.

1. Interact with various levels of staff and provide feedback regarding various investments, leases, and other business strategies.

1. Develop analytic tools for executive management to evaluate and report on the primary characteristics of its overall portfolio.

1. Assist the Asset Management and Development groups with portfolio, investment, and property level analysis/modeling and reporting requirements.

1. Exhibit sound judgement, consistently display confidence, and apply strong interpersonal communication skills.

1. Assist the staff in the due diligence process and successfully closing an investment including finalizing documentation, third-party reimbursement billing, and transfer of investment documentation to record retention, and continue to support the staff in measuring and tracking expenditures and adhering to reporting requirements.

Principle Duties & Responsibilities

Real Estate Development

• Prepare and present development proformas to the Development group and executive management.
• Prepare construction draws for in-process development projects.
• Perform due diligence on new construction or renovation projects.
• Review market studies and track competitive apartment rents and economic trends.

Hotel Asset Management

• Track revenue and expenses monthly and analyze for trends.
• Create and distribute a financial summary of hotel operations to Investors, the Asset Management group, and Executive Management on a monthly basis.
• Organize quarterly meetings for ownership.

Multi-Family Asset Management

• Track monthly cash flow and balance sheets.
• Create and distribute a financial summary of apartment operations to the Asset Management group and Executive Management on a monthly basis.
• Actively analyze and track the rent roll and leasing trends.

Other Duties

• Preparation of spreadsheets, memorandums, and letters as needed.
• Attend and contribute to internal staff meetings.

Portfolio Asset Management

• Primarily responsible for performing lease analysis.
• Primarily responsible for reviewing and analyzing financial statements and balance sheets of potential tenants.
• Gather and keep relevant information for leasing meetings.
• Regularly update the lease analysis portfolio as it pertains to new deals.
• Update the lease rollover schedule for all properties on a monthly basis.
• Develop analytic tools and automate reports for executive management to evaluate and report on the primary characteristics of its overall portfolio.

Qualifications

A bachelor's degree is required. College level or graduate level coursework in real estate, finance, and computer systems is preferred.

• No prior commercial real estate investment experience is required, although a successful analyst must demonstrate initiative to maximize "on-the-job" training opportunities and the ability to acquire this particular, specialized knowledge and skill set.
• Must be detail-oriented and possess excellent financial, mathematical, and statistical skills and can often work with complex databases and/or quantitative tools.
• Required to demonstrate solid analytical and critical thinking skills and effective verbal and written communication; demonstrated ability to understand and appropriately articulate financial considerations, market demand, project feasibility, financing, and environmental considerations related to sound investments after a normal orientation period.
• Proficient in Microsoft programs and Intermediate or Advanced knowledge of Microsoft Excel is required.

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