DescriptionAt Equity Residential, we're dedicated to creating thriving communities, and we invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration.
How We Deliver a Winning Performance:
- Question Authority
- Walk the Talk
- Share Knowledge
- Listen, not just Hear
- See the Glass Half Full
- Take Educated Risks
- Enjoy the Ride
- Share the Spotlight
- Do the Right Thing
- Test Your Limits
We Care About Your Total Wellbeing:
- Physical Wellbeing: Medical, dental, and vision care
- Social Wellbeing: 9 paid holidays, annual vacation time, paid sick leave, new parent benefits
- Financial Wellbeing: 401(k) Retirement Savings Plan, Rent Discounts, Competitive Compensation
- Community Wellbeing: Paid Community Service Hours
- Career Wellbeing: Leadership Development
- Learn more about our Total Wellbeing program here.
What You’ll Be Doing:
This position is responsible for assisting with the underwriting and due diligence process for all acquisitions, dispositions, and rehab of multi-family real estate. The Sr. Investment Analyst is also charged with maximizing the value of assigned residential properties to maximize the return on investment of the real estate assets.
- Responsible for financial and due diligence analysis for potential transactions and current assets.
- Monitors monthly Property Operating Statements as well as Variance Analysis which explains actual monthly and year to date results as compared to the annual budget.
- Assists with the coordinates all aspects of due diligence, tracks any changes in financial projections and provides assistance to Investment Officers throughout the process.
- Closely monitors capital spending programs including TI’s and redevelopment to ensure that the program is within the budget guidelines.
- Develops system to analyze ownership structures, financing or commercial leases that may be unique to specific transactions.
- Update and distribute weekly pending investments status report.
- On a quarterly and or/semi-annual basis, conduct reviews of the performance of specific assets, the revised cash flow reforecast, and the redevelopment costs vs. budget figures.
- Conducts market research to assist in the assessment of sub markets and property performance; tracks critical indicators such as MF permits/completions and SF activity.
- Asks critical questions, creates alternatives, reacts to changes in the marketplace and proposes refinancing and disposition actions from the owner’s point of view.
- Interacts on a daily basis with Investment Officers, Area Vice President of Property Management, real estate brokers, appraisers, environmental consultants, real estate tax consultants, and internal EQR customers.
- Assists with special projects requested by Investment Officers.
- Represents the Company in a professional manner at all times. Consistently maintains a professional courteous attitude when dealing with residents, coworkers and the general public.
What You’ll Need to Thrive:
- Bachelors Degree in Real Estate, Finance required.
- 3-5 years experience; good understanding of financial concepts, such as IRR and NPV.
- Familiarity with real estate lease documents and purchase agreements required.
- Must possess strong analytical skills, as well as strong written and verbal communication skills.
- Experience collaborating with cross-functional teams, including engineering and business stakeholders to define problem statements and develop data-driven solutions.
WORKING ENVIRONMENT: Office environment.
Salary:
$99,121 - $136,291 / year; in addition to base salary, a discretionary annual bonus is provided.
The successful candidate's starting pay will be determined based on job-related skills, experience, and qualifications.