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Acquisitions and Asset Management Analyst

Savanna

Alternative Investments Residential Industrial Office Retail Asset Class Agnostic

New York, NY

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 1+ to 2 years

Education Required: 4 Year College

Job Description

Savanna is seeking to fill an Analyst position on its acquisitions and asset management team.

Founded in 1992, Savanna is a vertically-integrated real estate investment manager headquartered in New York City and primarily focused on strategic property investments throughout the city’s five boroughs. Savanna’s team of investment, project management, construction, property management, and leasing professionals has executed a wide array of business plans including repositioning, redevelopment, and ground-up development projects. Savanna has invested over $5 billion in total capital across approximately 17 million square feet of real estate.

The analyst’s primary responsibilities include underwriting new acquisitions, assisting in property due diligence, asset management including managing the financial reporting and budgeting process, and asset disposition.

The position is heavily reliant on a strong financial background with a focus on real estate finance. General accounting familiarity, strong modeling and analytical abilities, and excellent communication skills, both verbal and written, are expected.

Argus experience is required.

Candidates must be available to start working full-time by July 2023.

Position Responsibilities:

Financial modeling, analysis, and underwriting for investment opportunities
Market research, asset/risk analysis for investment opportunities
Prepare investment memos
Asset due diligence
Interact with institutional investors, partners, and external service providers
Assist to identify/source investment opportunities
Manage internal asset management models and Argus files

Position Requirements:

Bachelor’s degree
Minimum 12 months commercial real estate financial modeling/underwriting and investment experience or bank training
Familiarity with New York City and/or Northeast Corridor markets
Understanding of basic real estate fundamentals, terms, financial concepts (NOI, cash flow, IRR, discount and cap rates, present value and discounted cash flow) and accounting
Strong capability in Excel, Argus, Word and PowerPoint.
Ability to construct, apply and analyze complex financial models
Strong written, oral and presentation communication skills
Excellent research skills
Ability to analyze quantitative and qualitative information
Strong organizational and time management skills and ability to multi-task under pressure
Ability to maintain exact attention to detail
Self-motivated, proactive, creative and an excellent listener
Strong desire to work independently and collaboratively in driven environment
Professional presentation

Position Benefits:

Exposure to strong and consistent transaction flow across all commercial asset classes
Direct interaction with senior investment team, investment committee, senior management, borrowers, co-investors
Experience working on highly structured and complicated investments
Development of real estate fundamentals, valuation, underwriting, due diligence and credit skills

Savanna is an equal opportunity employer and does not discriminate against any employee or applicant because of race, creed, color, religion, gender, sexual orientation, gender expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition, or any other basis protected by law. Savanna is committed to a diverse, equitable and inclusive workplace where all employees feel valued and respected. We strongly encourage people from underrepresented groups to apply.

Expected base pay rates for the role will be between $110,000 and $125,000 per year at the commencement of employment. However, base pay if hired may only be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Savanna sponsored benefit programs.

Acquisitions

Investment Management

Asset Management