Description
Position Title: Associate - Finance
Department: CRG Multifamily
Reports to: Senior Vice President, Finance
Direct Reports: None
Summary Description: The Associate - Finance is responsible for providing financial and operational support to the multifamily team within CRG. The Associate – Finance will assist in the underwriting, capitalization and execution of multifamily family development projects. This team will work closely with the Senior Vice President and Director of Finance.
Specific Responsibilities:
- Conduct underwriting for current and potential development projects
- Conduct and prepare financial models, perform in-depth financial and sensitivity analysis, and create valuations and investor return modeling
- Conduct property specific research, demographic studies, and competitive market analysis
- Maintain a database of key underwriting assumptions and variables (rents, vacancy, cap rates, discount rates) in strategic markets necessary to accurately underwrite and value developments
- Assist in capitalization efforts and transaction closings
- Produce offering memoranda and investment committee packages for both internal and external audiences
- Produce monthly, quarterly and annual project updates for both internal and external uses
- Process monthly draw packages, reports and financial statements
Required Experience and Attributes
- 2-3 years of relevant professional experience
- Excellent writer and verbal communicator
- Ability to work both independently and collaboratively as appropriate
- Ability to manage ambiguity and complexity within a fast-paced, results-driven environment
- Experience within the commercial real estate investment industry, preferably development and the multifamily apartment asset class
- Proficient with Excel
- Must understand complex pro forma cash flows, valuation models, debt and joint venture equity structures (waterfall modeling of accrued return with promote structures)
- Experience in financial analysis (NPV, IRR, ROI, DCF modeling, returns, etc.) with advanced Excel modeling skills
Experience
2+ to 5 years
This job is no longer active.