Senior Analyst/Associcate

Job Description

COMPANY DESCRIPTION:

Founded in 1996, Penzance is a leading Washington, DC based real estate investment and development company with a proven track record across asset classes and strategies. The company has developed, redeveloped, and repositioned nearly 50 assets with remarkable success since its inception. The Penzance core competencies include acquisitions, development, capital markets, asset management, leasing, property management, and construction management for office, residential, industrial, and mixed-use properties.

Penzance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability or genetics, veteran status or any other legally protected status under local, state, or federal law. Employment at Penzance is at-will.

JOB SUMMARY:

Penzance is seeking a Senior Analyst/Associate to join its Investments team in Washington, DC. The candidate will gain a broad exposure to all aspects of the investment team by supporting existing asset management, leasing, acquisitions and development activities.

• Underwrite potential acquisition and development opportunities by performing complex financial analyses, including discounted cash flows, development of sources and uses, promoted and carried interests, and scenario and sensitivity analyses
• Ensure accuracy of all models adopted and utilized
• Evaluate property-level financial data, rent rolls, abstract leases, and develop operating budgets and capital expenditure budgets
• Gather and synthesize macro and micro economic, demographic and detailed real estate market data
• Conduct property site inspections and market tours
• Create memos for presentation to investment committee and potential partners
• Coordinate due diligence materials for acquisitions and dispositions
• Assist with arranging and closing debt financing for acquisitions
• Evaluate lease economics for new and renewal transactions
• Work with senior management to oversee property management staff and budgets
• Analyze monthly property-level financial statements and maintain quarterly and annual reports
• Develop business plans for completed acquisitions
• Train junior analyst staff
• This role may be assigned other duties, as required, and the activities, duties, and responsibilities of this role may change at any time, with or without notice.

SUCCESSFUL CANDIDATES WILL POSSESS THE FOLLOWING:

• Bachelor’s Degree with excellent academic credentials
• 3-5 years of relevant work experience in real estate, finance or capital markets
• Work experience in real estate investing, advisory, or financing
• Expertise in Excel and the overall financial valuation and modeling process
• Solid understanding of and ability to model capital structures, including senior debt, mezzanine debs, preferred equity, and common equity
• Demonstrate proficiency in real estate financial analysis
• Ability to analyze qualitative and quantitative information and translate into strategic deliverables
• Excellent written and oral communication skills
• Strong proficiency in Excel, PowerPoint, Word and ARGUS software
• Ability to work independently and within a team
• Motivated self-starter with effective time management skills and strong attention to detail
• A desire to work in a fast-paced, collaborative and entrepreneurial environment