Analyst/Associate - Real Estate Valuation

Job Description

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

Job Purpose:

Our Real Estate Valuation and Advisory Services (REVS) team is excitingly recruiting for a new Financial Analyst/Associate.  Preference is for Los Angeles, but we are also open to Chicago, Dallas, and New York. As a Financial Analyst/Associate, you will conduct market and financial research regarding real estate supply, demand, pricing and investment parameters; including in-market interviews, data gathering and confirmation of comparable transactions as well as utilizing data subscription sources.

Responsibilities & Deliverables:

• Acquire knowledge of the use and capabilities of subscription data sources, e.g., CoStar, SNL, CBRE-EA
• Mine data from the sources efficiently
• Collect, manipulate, and analyze property, market and financial data
• Analyze historic property operating statements and analyze leases
• Prepare complex cash flow models using Excel and/or ARGUS software, including analyzing available data to estimate revenues, costs, and rates of return
• Estimate property and portfolio values
• Prepare reports and presentations to team and clients, including graphic and written sections

Basic Qualifications:

• Analyst: 1-3 years of real estate industry experience demonstrating solid real estate analytical capabilities.
• Associate: 3-5 years of direct real estate valuation experience demonstrating analytical capabilities. A strong interest in real estate advisory work (ie, valuation consulting).
• Bachelor’s degree in real estate or business administration or other related academic major with essential classes in finance, accounting and economics

Preferred Qualifications:

• Possession of or progress toward real estate industry certifications and licenses, e.g., MAI, CCIM, certified general real estate appraiser/broker
• CPA a plus
• Willing to travel
• Thorough competence in Microsoft Office products, particularly Excel, Word and PowerPoint
• Excellent organizational, problem solving and communication skills
• Demonstrated real estate analytical skills, including ability to identify and analyze comparable property sales and leases
• Knowledge of commercial property lease terms including expense treatments and adjustments to yield comparable rent amounts
• Knowledge of real estate valuation techniques
• Strong business writing and presentation skills
• Strong technical modeling skills with Excel and ARGUS software and ability to model property performance and waterfalls from property financial statements, debt instruments, ownership documents, budget and leases combined with market data
• Strong work ethic and attention to detail