San Francisco, CA
Salary Estimate: $100,000.00 - $113,000.00
Employment Type: Full Time
Work Place: Office
Experience Required: 1+ to 2 years
Education Required: 4 Year College
Job Description
About Prime: Prime Residential is an established owner and operator of more than 19,000 multifamily apartments and townhomes, providing appealing amenities and superior customer service in some of the most sought-after locations along the West Coast. We are committed to maintaining a richly diverse and inclusive company culture where all people feel welcomed and valued.
Role Overview: The Senior Analyst is responsible for supporting the execution of the firm’s acquisition platform by performing financial analyses of multifamily acquisition opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, and tracking and reporting on the status of multifamily transactions within the assigned geographic markets.
A Senior Acquisitions Analyst will interface and partner with in-house property and asset management teams, our internal approval committee, brokers, and third-party consultants. This is an individual contributor role that requires close partnership with our Acquisitions team and reports to our Head of Acquisitions.
Target Pay: $100,000 to $113,000 + annual discretionary bonus eligible
Who You Are:
- A relationship builder at the core and inquisitive by nature.
- A visible, energetic, and polished individual who can represent our brand.
- Someone with the desire and willingness to spend a significant amount of time out of the office to transact business and build relationships inside and outside of the firm.
- Motivated by metrics and proving theories.
- A person who embraces collaboration and respects the contributions of others in all aspects of the business.
Key Responsibilities:
- Model and underwrite potential multifamily investment opportunities by analyzing historical operating information, including rent rolls, income statements, offering memoranda, etc., to generate proforma budgets and cash flow projections.
- Coordinate with in-house property and asset management teams in preparation of proforma budgets.
- Manage acquisitions pipeline in Prime’s internal database including organization of marketing materials, relevant dates, broker communications, etc.
- Manage, monitor and report on the status and progress of the acquisition pipeline, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identify issues or problems that could adversely affect closing.
- Manage the due diligence processes, including coordination with third-party consultants, analysis of materials and comparison to transaction underwriting.
- Lead the preparation and presentation of investment memos to the internal approval committee for acquisition pursuits.
- Conduct market research and analysis to evaluate economic, demographic and real estate market trends in connection with specific investment opportunities and Prime’s overall investment strategy.
- Maintain and analyze internal database of sales comps, rent comps and other market data.
- Prepare presentations for company quarterly and annual meetings.
Role Requirements:
- BS/BA degree, or MS in real estate, finance, or a related field is preferred.
- 1 – 3 years of relevant work experience that exhibits in-depth knowledge of net present value, DCF, IRR, and other financial concepts is preferred.
- Clear, concise verbal and written communication skills.
- Advanced proficiency in Microsoft Word, PowerPoint, and Excel modeling.
- Drive and ambition to create a meaningful volume of transactions, while not sacrificing quality.
- A high sense of urgency and competitiveness.
What We Offer:
- Generous Benefits: Comprehensive medical, dental, vision, and RX plans.
- PTO: Standard PTO plus 11 company holidays, 2 floating holidays, 1 birthday day-off, and 1 volunteer day-off.
- Retirement: 401k match up to 4%.
- Career Growth: Prime Academy provides various development opportunities by position including foundational skills, technical skills, leadership essentials, and more.
- Education: Tuition reimbursement for continuous learning.
- Employee Housing Discount: Housing discount offered at Prime Residential properties.
JOIN OUR TEAM: If you are a dedicated professional with a passion for excellence and customer service, we would love to hear from you! Apply now to join Prime Residential and contribute to our vibrant community.
Privacy Notice: https://www.primegrp.com/ccpa-info-current-and-prospective-employees/
At Prime Residential, we celebrate and support diversity for the benefit of our employees, our business, and our community.
Prime is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Prime is also committed to compliance with all fair employment practices regarding citizenship and immigration status and, where applicable, pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.
Regarding Prime Residential's Compensation Philosophy: The pay range for this position refers to what we reasonably expect to compensate for this role. Individual compensation is based on various factors, including experience, education, skillset, and geographic location. The specified range is reflective of the intended regional labor market.
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Manhattan, NY
Post Date: 07/23/2024
Expires: 09/21/2024
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