Associate, Investments Group - TEST - DO NOT APPLY

Shorenstein is a fully integrated real estate investment company, bringing entrepreneurial vision to office and mixed-use properties in dynamic markets across the United States. Using creative strategies and savvy investment discipline, we transform environments to create distinctive, high-quality tenant experiences.

Summary:

Perform financial analysis and transaction support for Investments Group functions.  Assist senior staff with market and asset coverage for assigned markets including underwriting, market research and due diligence for new office and multifamily opportunities in addition to budget review, development of asset strategies, production of periodic valuations, and disposition coordination and analysis for existing investments.

At the Senior Analyst level, the incumbent has demonstrated the ability to successfully perform more complex assignments with less supervision.   

Essential Duties & Responsibilities   Other duties may be assigned.

Work products should be high-quality with tasks performed in an accurate, complete, and timely manner. Analyses should be thorough, well supported, and demonstrate an understanding of the business. 

Acquisitions 

• Create and update Argus and Excel financial models for potential investment opportunities and provide associated analytical work.
• Review and extract information from broker marketing books and third-party research.
• Assist in supporting market analysis including reviewing economic and demographic trends, absorption rates, competitive supply, and comparable sale transactions.
• Perform acquisition due diligence including the review of tenant leases, tenant financial conditions, historical property operating results, financial assumptions and other information provided by the sales broker or current owner.
• Accurately and thoroughly complete transition-related tasks including developing budgets, reviewing leases, and coordinating lender due diligence.

 Existing Investments

• Maintain Argus models for existing investments, including review of lease data as input by third-party vendor.
• Perform analysis to support decisions during the asset’s holding period, including analyzing lease transactions, refinancing, and capital projects within established timeframes.
• Accurately and thoroughly review assigned sections of monthly asset reports and annual operating budgets to ensure assumptions and forecast are consistent with the investment strategy within established timeframes, ensuring timely deliverables for property distributions and contributions.
• Accurately and completely update property valuations and investment strategies as required within established timeframes.
• Develop and produce accurate and complete required reporting to lenders, partners, and Shorenstein senior management within established timeframes.
• Working with Property Management and Accounting, coordinate and oversee the preparation of lender draw requests and present to Asset Manager for approval.
• Assist with the analysis and preparation of investor reporting for quarterly reports and annual meeting materials.
• Evaluate sustainability risks and opportunities, including building ratings such as ENERGY STAR/LEED, for assets under management. Ensure assets are managed in a manner consistent with market leading sustainability practices when practicable.

 Dispositions

• Assist in disposition tasks including performing analysis related to disposition timing and value, coordinating due diligence materials, answering underwriting questions and creating schedules for legal and financial processes.

General Responsibilities

• Provide excellent customer service to both external and internal customers by:
• Building positive relationships with customers.
• Taking initiative to identify customer needs and provide service that meets or exceeds customer expectations.  
• Communicating effectively in person as well as via telephone and email.
• Resolving difficult situations using effective problem-solving skills.

Essential Skills & Qualifications:

• General knowledge of commercial or multifamily real estate valuation as evidenced by a minimum of 1 year of experience in a related function.
• Advanced proficiency in Microsoft Excel and Argus Enterprise financial modeling software program.
• Experience performing quantitative and qualitative analysis of assets using financial modeling techniques.
• Demonstrated ability to:
• Provide detailed and accurate financial analysis in a timely manner.
• Take initiative while working in a collaborative and team-oriented environment.
• Interpret technical and financial information.
• Analyze and interpret complex documents.
• Manage multiple projects and priorities to conclusion within agreed upon deadlines.
• Effectively resolve problems that balance multiple needs and interests.
• Respond to changing and sometimes ambiguous situations.
• Present ideas, instructions, and information effectively, both orally and in writing.
• Effectively share information to keep others informed both within and outside the department using appropriate communication methods.
• Express opinions and feedback in a clear and constructive manner.
• Effectively interact with other departments to ensure a high-quality work product.
• Choose among alternatives when completing work. Work is periodically reviewed by management at key intervals for advice/guidance prior to completion.

Education/Experience: 

• Bachelor’s degree (B.A. or B.S.) from a four-year college or university.
• 1 to 3 years of experience in real estate valuation or related field.

Certificates, Licenses, Registrations:  None

SEC Compliance:

• Shorenstein Investment Advisers (SIA) is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”), and SIA and its employees are subject to SEC regulation and applicable federal securities laws. Employees will be required to abide by, and certify their compliance with, SIA’s compliance program and the federal securities laws, including, among other requirements, pre-clearance and reporting obligations with respect to personal securities trading, political contributions and other matters.

Physical Demands:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

 Working Environment:

• Work environment characteristics are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• The employee works in an office environment.
• Travel may be required up to 10% of time on the job.