Senior Associate, Investments

Job Description

The Senior Associate, Investments will serve an integral role supporting BMC's efforts to grow cash flow and enhance the value of the fund through asset management on our diversified $2B portfolio, strategic acquisitions, dispositions, joint-venture investments, financing, operational improvements, and capital projects with a positive ROI. You will serve as the "quarterback" on initiatives of the Investments Department, proactively moving projects forward, anticipating next steps, focusing on details and taking on increasing levels of responsibility. You will serve an important role in Analyst training, including building up job knowledge, teaching best practices and overseeing quality control. Additionally, you will support the Fund's annual valuation process, internal and external reporting requirements, and other ad hoc projects. The successful candidate will have a solid knowledge of real estate valuation and financial modeling, some transaction experience, a strong work ethic, proactive and diligent communication skills, the ability to "think like an owner," a drive to achieve results, and the ability to multi-task. You will work across various transaction and asset types, including multifamily, industrial, flex, office, land, retail, and townhome deals, both stabilized and development. You will report to the Senior Vice President, Investments and will be encouraged to build relationships across the company and the industry.

Duties & Responsibilities:

• Prepare investment committee and asset management committee presentation materials, valuation models, financing memos and other transaction documents.
• Assist in targeting, evaluating, financing and closing new investment opportunities through financial analysis/underwriting, research and due diligence.
• Work closely with legal and other departments on closings, including ensuring accurate pro-rations, settlement statements, insurance coverage placement, and that conditions to closing are met.
• Manage annual Fund valuation process including external appraiser and internal valuations.
• Prepare various quarterly and annual reports/projections on project or fund performance for internal and external use.
• Perform periodic benchmarking and analysis of value-enhancement initiatives.
• Monitor actual operations as compared to annual budgets and/or original pro forma.
• Identify opportunities to enhance fund performance and value.
• Carefully listen, document and strategically communicate out with internal and external parties.
• Other duties as assigned.

Qualifications:

• BA/BS preferably in Finance or Real Estate
• 3+ years of related real estate valuation, modeling and transaction experience
• Ability to think critically
• Intermediate to Advanced Excel
• Proficient in Argus
• Strong analytical and quantitative skills
• Ability to excel in both a team setting and on individual assignments
• Strong and succinct listening, speaking and writing skills
• Excellent interpersonal skills
• Strong attention to detail
• Ability to prioritize, multi-task and adapt to changing assignments
• Highly motivated, responsive and deadline-oriented

About Bernstein Management Corporation

Bernstein Management Corporation has been a leading real estate investor, owner and manager in the Washington, DC region for over 65 years. BMC, through its investment affiliate, BDC Properties LLC, it owns a portfolio of 86 properties valued at over $2.0 billion, including 3.2 million square feet of commercial space and over 5,000 apartments in Washington, D.C., Maryland and Virginia. BMC is very proud of its culture, centered our core values of doing what's right, providing uncommon service, working as a team, continuous improvement, and striving for results. For additional information visit www.bmcproperties.com.

BMC's People First Commitment

At BMC, we know that work/life balance is not just important, it's necessary. As a member of our team, your experience will be valued, and your hard work will be rewarded with a generous benefits package including paid time off, medical plan options, 401K match with immediate vesting, rent discount at BMC properties, paid volunteer leave, gym membership contributions, and company-wide social outings.

Bernstein is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.