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Investment Associate

Salary
$75,000-$99,999
Employment
Full Time
Real Estate Field
Location
Los Angeles
 CA
Postal Code
90025
Country
United States

This job is no longer active.

Description


JOB SUMMARY

The Investment Associate is responsible for supporting the Acquisitions and Asset Management teams with all facets of mixed-use multifamily property investing, operations, management, and external reporting.  Responsibilities will include detailed financial underwriting, excel modeling, creation of investment memoranda, presenting to investment committee, coordinating due diligence efforts, assisting in the management of renovations and operations of the assets, and investor reporting.  The successful candidate will have a strong work ethic, ability to multi-task, think proactively/independently, very strong modeling skills, a deep desire to be successful, and a passion for multifamily real estate.

 

ESSENTIAL DUTIES & RESPONSIBILITIES

  • Performing detailed financial analyses of investment opportunities.
  • Preparing appropriate documents to facilitate the underwriting and closing of real estate transactions.
  • Interfacing with brokers, investors, lenders and other key internal and external stakeholders.
  • Perform market research to help make prudent and informed investments, including rent and sales comparables.
  • Communicate and collaborate with various internal departments and external consultants to collect information and ensure all members have current information to help inform management and investment decisions.
  • Due diligence analysis and process, including onsite inspection coordination, requests for proposals, and reviewing draft 3rd party reports.
  • Coordination of internal and third-party vendors

SKILLS AND ABILITIES

  • Must have financial modeling experience in real estate sector, specifically in multifamily.
  • Expert level proficiency of Excel and Power Point
  • Ability to drive multiple tasks with competing priorities
  • Exceptional written and oral communication skills
  • Self-motivated and ambitious.  Enthusiastic to work and succeed in a collaborative team environment.
  • Organized and strong time management skills
  • Comfortable in a small entrepreneurial organization experiencing growth
  • Detail oriented and committed to delivering thorough work product 

QUALIFICATIONS

  • Bachelor’s degree in Finance, Accounting, or Business Administration.  MBA a plus, but not essential if the candidate has strong industry experience
  • 2-5 years of real estate investing or financial analysis at an I-Bank, PE shop or consulting firm.
  • Multifamily investing/financing/evaluation experience preferred.

THE COMPANY

Veritas Investments Los Angeles (or “VILA”) is an affiliate of Veritas Investments, Inc., a prolific multifamily and retail property management company with over $3.0bn in real estate under management across 250+ distinct properties and 6,000+ units. Veritas Investments’ history dates back nearly 20 years.

 

VILA’s goal is to acquire well located, architecturally distinctive properties in LA’s most desirable pedestrian friendly neighborhoods, and then enhance their value through physical and operational improvements. VILA’s objectives include moving quickly on opportunities, both on and off market, and executing efficiently on strategy. By creating truly inspiring homes for our residents and improving our communities, VILA aims to achieve superior risk-adjusted returns to our investors.

 

Veritas Investments has been fortunate to be the recipient of many awards including two recent honors: IREM’s Workplace Environment Award for Employee and Leadership Development, and was also named Real Estate Investment Fund of the Year by REFI.

 

 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Acquisitions Residential Los Angeles Full Time CA Acquisitions, Financial Analysis, Due Diligence Manager, Asset Management other