New York, NY
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 7+ to 10 years
Education Required: 4 Year College
Job Description
Arch Companies is a vertically integrated New York City based real estate investment, development, construction, and asset management firm active across the United States with a concentration on primary and secondary markets. Arch Companies seeks candidates who can work in a collaborative environment and possess drive, integrity, creativity and a strong work ethic.
We are seeking a full-time Acquisition Associate to join our team. The Acquisition Associate will work closely with the leadership team and be responsible for developing and managing a variety of marketing initiatives and day-to-day marketing operations. The position will be based in our New York City offices.
Principal Duties and Responsibilities
- Execute on new transactions, including underwriting, due diligence, and closing execution
- Develop and maintain relationships with local brokers, lenders, partners, etc.
- Ensure transaction execution, including tracking closing checklist / diligence deliverables and business review of legal documents
- Underwrite new investments, including conducting market research, generating comps analysis and tracking due diligence for new acquisitions
- Create financial models using Excel to project cash flows, investment returns, generate asset valuations, analyze risk and evaluate various financial structures to analyze new acquisitions
- Analyze debt options for new acquisitions
- Site visits and market tours for potential acquisitions
- Contribute to presentations and reports for investment committee
- Create of offering memorandums to source capital for new investments
- Various other acquisitions and portfolio related tasks, as directed by management
Experience, Skills and Abilities Required
- 5 - 7 years prior real estate underwriting and transaction experience, garden style multi-family a plus
- Proficient in modeling dynamic property cash flows, levered cash flows, and waterfalls in excel
- Strong familiarity with real estate legal documents (loan documents, commercial leases and joint ventures)
- MBA strongly preferred
- Minimum Bachelor’s degree in business, finance, economics, accounting, real estate or other similar fields
- Proficient in Microsoft Excel, PowerPoint and Word
- Strong organizational and deadline management skills
- Analytical, detail-oriented, and able to comfortably multi-task
- Intelligent and practical approach to problem solving, comfortable with ambiguity, open-ended tasks, and an entrepreneurial atmosphere
- Self-starter, dedicated and professional demeanor capable of thriving in an intense, high-energy, transaction-driven environment
- Excellent oral and written communication skills
- Ability to build and contribute to a team environment
Salary range: $130,000 - $180,000*
*Actual compensation within the range will be dependent upon the individual's experience, skills, and qualifications. It is not typical for candidates to be hired at or near the top of the range.
Please note: This is not a remote position
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