Real Estate Finance Associate

Rice Management Company

Alternative Investments Residential Hospitality / Entertainment Healthcare Industrial Office Retail Asset Class Agnostic

Houston, TX

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

The Rice University Endowment is approximately $6 billion, and, ranks in the top 20 endowments of private research universities (by market value) in the US. The endowment is critical to the university’s ability to achieve its goals. The annual distribution from the endowment funds nearly half of the university’s annual operating budget. The Rice Management Company (RMC) was established October 1, 2009, as a division of Rice University. The goal of the RMC is to provide a stable source of funding for current university operations and to preserve and grow the purchasing power of the endowment to benefit future generations of students. The RMC is responsible for all endowment matters of the university including asset allocation, the selection and termination of investment managers and monitoring performance of the portfolio, and reporting to the Rice Management Company Board of Directors. The endowment primarily utilizes outside investment managers and invests globally across all asset classes.

The real estate finance associate reports to the head of real estate operations and helps the team to execute the long-term vision for the real estate portfolio and to achieve the group’s financial, reporting and operational goals. S/he performs complex finance functions including designing and performing ad hoc analyses, developing and maintaining complex data models, analyzing large data sets, and reconciling complex accounts. A successful candidate will embrace RMC’s overall investment mission and have the desire and skills to participate in the collaboration and preparation of investment analyses, memoranda, presentations, research and special projects for the real estate portfolio.

Education Required: Bachelor's Degree in business, accounting, finance or another related field

Experience Required: 2 years' related experience in real estate industry – development, financing, investment banking, asset management and other applicable sectors

Skills Required:

Fundamental understanding of real estate investment principles and financial metrics
Strong analytical, quantitative and technical skills with demonstrated ability to execute complex financial analyses and cash flow models
Excellent written and oral communication skills
Ability to communicate complex concepts in an effective and succinct manner with senior management and investment professionals
Proficiency in Microsoft Office: Excel, Word, PowerPoint, and Argus Enterprise
Ability to perform research, work and problem solve independently and proactively; as well as ability to work on collaborative basis as part of a team
Accuracy, attention to detail, organizational skills and ability to manage multiple projects simultaneously
Team orientation and strong interest in supporting the work of a university endowment

Essential Functions:

Provides analytical, administrative, research, and project management support to the head of real estate operations to help maximize the revenue of the real estate portfolio
Manages system data and documents to ensure proper tracking of real estate portfolio activity for performance and budget analysis, and produces periodic reports weekly, monthly, quarterly, and on an ad-hoc basis
Assists and works with real estate and RMC team colleagues to ensure a smooth transition to/from the applicable teams in conjunction with acquisitions and dispositions
Reviews and submits for approval budget related reporting and funding requests
Coordinates with third party consultants for ongoing meetings and special projects
Leads and supports special projects and research
Prepares internal review materials (i.e., investment committee memos, Board book materials)
Performs all other duties as assigned