Underwriting Manager RE Development-Asset Management-Corporate

Job Description

• Prepare and present sophisticated financial analyses to assess the feasibility of development and acquisition opportunities and to inform investment decisions. Product types may include office, retail, multi-family, industrial, and mixed-use projects.
• Develop standardized financial templates and investment considerations for development, asset management, financing, and acquisition opportunities.
• Perform commercial lease analyses for new development and asset management assignments.
• Assist in the preparation and presentation of investment memorandums to Vulcan Real Estate executive management.
• Assist in preparing materials to solicit construction financing for new development projects and/or permanent financing for stabilized operating properties.
• Assist in preparing annual budgets and business plans, and in periodic status updates for Vulcan Real Estate executive management.
• Assist in the disposition of existing real estate assets.
• Perform market research and underwriting due diligence, including:
• Development cost tracking, benchmarking data, and budget analysis to evaluate project costs
• Compile and maintain database(s) to track development activity, comparable sales, market trends, etc.
• Track, analyze, and report on local real estate market conditions (such as rents, expenses, occupancy, and absorption) and assist with market forecasts
• Analyze and support neighborhood master planning efforts, including transportation improvements, zoning requirements or changes, or other public infrastructure projects that affect the company portfolio

• Ability to perform sophisticated financial modeling, including discounted cash flows, present and future values, internal rates of return, and other investment yield metrics.
• Ability to interpret and present analysis results and other complex information clearly and concisely. Must have excellent written and oral communication skills.
• Ability to write conceptual proposals and documents that form the basis for projects, as well as the ability to write reports, business correspondence, and other types of documents.
• Ability to read, analyze, interpret, and evaluate lease proposals, financial statements, consultant proposals and contracts, statistical data related to markets, general business periodicals and professional journals, technical procedures, and government regulations.
• Thorough understanding of real estate value drivers, including capital markets, joint venture/financing structures, submarket dynamics, and specific lease considerations, as well as their impact on investment performance.
• Solid understanding of the institutional investment process.
• Ability to comprehend abstract and concrete variables and apply principles of logic or scientific thinking to a wide range of intellectual and practical problems.
• Ability to prioritize and work both independently and as part of a collaborative team.

• Knowledge of Seattle Metro area real estate marketplace