Financial Analyst

Job Description

Fairfield Residential is a fully integrated, operator and investment manager in the multifamily sector with in-house development, construction, acquisition, property and asset management services across a broad spectrum of investment strategies.

Essential Duties:

• Prepare, modify, and update development proformas using our in-house proprietary models.  This includes a very thorough knowledge and application of the following:
• Untrended and stabilized rents and operating expenses
• Different development project types and impact to underwriting assumptions
• The timeline of a typical development project, including the land acquisition, construction period, and lease-up phases through stabilization
• Comprehensive development budgets including land price, hard costs, soft costs, financing costs, insurance, property taxes, contingency, etc.
• Various equity structures with multi-tiered waterfalls
• Financing assumptions inclusive of leverage terms, interest rates, debt yields, and debt coverage ratios
• Varying hold/sell strategies, including application of cap rates, transaction costs, and market sale assumptions
• Maintain ownership and responsibility for the accuracy and timeliness of all workflow
• Comprehend and model other types of analyses such as land entitlements, for sale strategies, acquisitions, etc.
• Work closely and directly with the 10-15 different internal executives and development leads, but also with various individuals in our entitlement, construction, accounting, asset management, property management, property tax, legal, and capital markets groups.  Serves as the hub for maintaining information at the project level throughout the development process.
• Provide weekly reporting of the status/returns of our development pipeline
• Provide support to the asset management team, including the provision of various models and financial analyses that can be updated regularly during lease-up of all new construction projects and ad-hoc projects as requested
• Completes company required training by established deadline.
• Complies with all Fairfield standards, applicable health and safety rules and regulations, as well as applicable local, state and federal laws.
• Any other duties or responsibilities that may be assigned.   

• 1-3 years of work experience in commercial real estate or finance
• Advanced knowledge of Microsoft Excel is required (knowledge of macros is a plus), as well as working knowledge of Microsoft Word and Powerpoint
• Financial modeling experience is preferred
• Complete understanding of basic financial concepts such as IRRs, NPVs, time value of money, etc.
• Desire to learn and grow professionally in the commercial real estate industry
• Outstanding organizational skills and ability to work under pressure to meet multiple deadlines
• Strong written, verbal, and interpersonal communication skills
• Bachelor’s degree from an accredited university, with a preferred major focus in finance or real estate
• MBA is a plus but is not required