McLean, VA
Salary Estimate: $90,000.00 - $110,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
Responsibilities:
- Create, manage and update pro-forma cash flow models for new multi-family acquisitions, existing investments and new development projects
- Build proforma models for mixed use developments including apartments, hotels, condos, and offices
- Build complex waterfall distribution models with catch ups and multiple hurdles
- Conduct sensitivity analysis across multiple variables to assess risks and opportunities
- Assist in drafting investment committee memorandum and asset offering packages
- Conduct market research including market and submarket analysis, rent comparable analysis, sales comparable analysis and development pipeline analysis
- Communication with external parties, including brokerage firms, appraisers, third-party consultants, etc.
- Design and develop interactive dashboards and reports in Power BI Desktop
- Review existing property operating budget variances, identify issues, and work to develop action plan to address.
- Analyze property expenses and compare against portfolio/industry averages in search of inefficiencies that can result in potential savings
- Must have a bachelor’s degree in real estate, finance, economics or related field
- Must have a minimum of 2-5 years of experience in the real estate industry, with a preference for multifamily
- Requires financial modeling expertise and understanding of real estate investment principles
- Detail oriented with the ability to manage a diverse number of tasks simultaneously
- Highly developed analytical, quantitative and communication skills
- Proficiency in Microsoft Office Suite (Excel, Word, Power Point), experience with Costar, Real Page, Yardi Matrix
- Acquisition, Capital Markets, Asset Management and Development experience helpful
- Yardi (or similar property management software) experience preferred
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The above-referenced position summary is a guideline designed to present an overview of the job duties and is not intended to be a comprehensive list of responsibilities and requirements.
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