Chicago, IL
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
EMPLOYER
Redwood Capital Group, LLC (“Redwood”) is a vertically integrated real estate investment firm based in Chicago, Illinois. Founded in 2007, the company focuses on value-add and core-plus multifamily investments in primary urban and suburban markets across the United States. Its mission is to be the foremost choice for institutional and private equity in pursuit of strategic multifamily investment opportunities. Since inception, the firm has acquired approximately $2.5 billion of multifamily real estate and has established itself as a prominent and well-respected leader in the multifamily sector. Redwood is a fast-growing, entrepreneurial firm with a strong focus on developing an exciting and enjoyable culture.
POSITION
Redwood is currently seeking to hire an Asset Management Associate with superior analytical skills to assist the team in the financial modeling, underwriting, budgeting and valuation of of a multi-family real estate portfolio. This person should possess a robust analytical background, strong work ethic, and a major focus on attention to detail.
RESPONSIBILITIES
- Analyze and monitor monthly property and portfolio financial performance
- Assist with the preparation of investor reporting materials on a quarterly and annual basis
- Update all internal financial models on a monthly and annual basis to include capital projections and forecasting
- Prepare quarterly and annual asset level valuations and reforecast property and partnership level IRRs
- Conduct hold/sell/refinance scenario analyses on current portfolio including various debt scenarios
- Coordinate investor distributions on monthly basis
- Coordinate investor capital calls on a quarterly basis
- Conduct various joint venture partnership analyses and waterfall calculations on existing and new investment opportunities
- Assist with the research and analysis of historical revenue and expense information
- Compile and research rent and sale comparable properties
- Assist in the preparation and presentation of investment summaries, financial models, and annual property budgets
- Coordinate annual audits and facilitate information amongst all parties
- Proactively review current processes for efficiency and identify improvements, standard operating procedures, and best practices
- Assist on other projects as needed (e.g., investor relations, transactions, property management, budgets, capital improvement plans, construction management, etc.)
REQUIREMENTS
- Highly motivated self-starter
- Extremely detailed oriented
- Ability to multi-task and work in a fast-paced collaborative environment
- Superior writing, verbal communication skills, and presentation skills
- Advanced proficiency in Microsoft Office software, particularly Excel and PowerPoint
- Exceptional quantitative modeling and analytical skills
- Experience in the multifamily sector is preferred (not required)
The candidate should possess at least a bachelor’s degree in real estate, finance, economics, accounting, or related field and have 5 years of related analytical experience (real estate, investment banking, and/or private equity).
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