Financial Analyst - Multifamily Underwriting

Westlake Housing, LP, (“Westlake”) is a highly successful and rapidly growing multi-family real estate investment and property management company specializing in affordable housing properties throughout the country. Westlake is an affiliate of The Wentwood Companies, a leading manager of institutional investments in affordable housing, headquartered in Austin, TX.  Collectively, our companies own, asset manage and or operate over 43,000 units in 48 states. Westlake hires talented and motivated people who want to be an integral part of the company’s success, and promotes an energetic and rewarding work environment.

Responsibilities:         

• Create and maintain complex financial models in connection with the valuation and acquisition of multifamily assets and partnership interests
• Develop long term financial projections and operating budgets
• Calculate surplus cash flow, debt coverage ratio and other metrics
• Analyze and interpret partnership agreements, loan and other documents
• Prepare buy/sell/hold/refinance analysis
• Financial reporting to investors, partners and lenders
• Various special projects and other responsibilities to be determined

Requirements:

• Bachelors degree in Finance, Real Estate or Accounting
• 2-4 years of relevant experience
• Experience in underwriting tax credit properties preferred
• Strong understanding of accounting and taxation matters for partnerships
• Understanding of multifamily operations
• Strong understanding of valuation techniques for real estate and partnership interests
• Strong understanding of financial statements
• Advanced MS Excel experience including complex formula writing
• Advanced analytical/financial skills including NPV, IRR, XIRR, etc.
• Ability to assess real estate investments and present results in a clear and concise manner
• Strong problem-solving skills and ability to critically consider all potential value-add strategies
• Organized and detail-oriented
• Willingness to work extra hours as needed