Boston, MA
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 1+ to 2 years
Education Required: 4 Year College
Job Description
The successful candidate will be a key member of REIG’s Asset Management team and perform a variety of financial functions, including; forecasting, leasing/investment analysis, budget preparation, and the completion of quarterly and ad-hoc reports. Working closely with the Director of Asset Management and six Asset Managers, the analyst will provide analytical support to the entire REIG team in the oversight of the performance of the overall portfolio.
REIG oversees 130+ properties located across the U.S. with an aggregate value in excess of $8 billion. The majority of the portfolio is comprised of multifamily properties, with the remainder including office, industrial, retail and ground lease investments. The analyst will be responsible for the preparation and validation of monthly and quarterly financial reports, annual budgets, and cash flow modeling.
Role
- Support the monitoring and management of commercial real estate investments from initial close through disposition.
- Assist in the preparation of business plans, cash flow projections, monthly/quarterly reporting, and oversight of capital plan and execution of asset-level business plans.
- Develop and maintain comprehensive reporting packages to assist in monitoring performance in all critical areas: revenues, expenses, leasing, occupancy, etc.
- Prepare and maintain files for each property providing information on buildings, contracts, property insurance, and other operational data.
- Support group activities including research projects, new supply/competition reports, potential dispositions, expense analysis, and budget vs. actual comparisons.
- Roll up property, market, and fund level performance, as required.
- Assist with quarterly internal valuation calculations and ensure consistency in format and methodology.
- Utilize asset management systems to develop analytical tools, including refining reports from researched material and/or data collected to evaluate and report on the primary characteristics of the portfolio.
- Assist property tax tracking for the portfolio including; assessments, litigation and appeals. Implement processes to improve tracking and ensure best outcomes for appeals.
- Research market conditions and present to REIG to ensure the group is current on key trends.
- Opportunity to obtain responsibility for day-to-day oversight of property processes/performance to gain critical Asset Management experience.
- Bachelor’s degree or higher in Finance, Accounting, Business, Real Estate or a similar field.
- 1 – 3 years of experience in a financial analyst role or similar professional experience within the commercial real estate industry.
- Strong analytical skills with the ability to create financial reports and analysis.
- Willing to travel periodically to tour properties
- Systems-oriented with proficient knowledge of Microsoft Office Suite and the ability to work with database systems.
- Working knowledge/strength in Argus, Yardi and Excel modeling preferred.
- Ability to provide thoughtful, detailed analysis.
- Strong organizational skills with the ability work on multiple projects.
- Excellent verbal, written and interpersonal communication skills and the ability to interact with a broad constituency.
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