Description
Want a real career move where you can add value? Make an impact? Be excited about coming to work every day? Based out of El Segundo, CA, CenterCal Properties is seeking an Acquisitions & Development Analyst to join the team!
CenterCal offers a compensation package you can feel good about and personal and professional challenges. Submit your resume/profile and let's talk!
In addition to a competitive compensation package, CenterCal offers a comprehensive benefits package and company culture that’s offers flexibility, is collaborative, family-oriented and focused on the health and well-being of its strongest asset – all employees!
GENERAL PURPOSE: The Analyst will assist in all aspects of the identification, acquisition and development process beginning with deal sourcing and initial underwriting all the way through overseeing construction close-out and the stabilization of projects.
KEY RESPONSIBILITIES/DUTIES: Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job. Responsibilities include but are not limited to:
Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting process
Performing market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resources
Working with the Development Team to conduct detailed feasibility analysis of potential new developments and acquisitions including:
o Evaluation and modification of financial models prepared by third parties for existing assets
o Creation and maintenance of underwriting models for retail, residential, office and hospitality product types
o Analysis of existing operating and financial statements
o Review and abstract of existing tenant leases
o Analysis of expected costs and comparison to similar projects
o Review of land use issues and design constraints
Preparing investment memoranda and related reports for senior management and Investment Committee review
Coordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team members.
Assisting in the coordination with architects and other consultants throughout the initial site planning and conceptual design phase of the development process
Supporting the entitlement process by interfacing with local governments and agencies with jurisdiction
Working with the construction department to establish cost estimates to be used in pro forma models
MINIMUM QUALIFICATIONS: The following are the minimum qualifications which an individual needs in order to successfully perform the duties and responsibilities of this position. Please note that the minimum qualifications may vary based upon the department size and/or geographic location.
• Bachelor's degree in finance, real estate, economics or a related field.
• Minimum 1-3 years of full-time experience as a real estate analyst in retail, residential or mixed-use assets. Residential experience strongly preferred.
• Cash flow modeling experience in Excel and Argus.
• Proficient in MS Office.
Knowledge, Skills & Abilities:
• Understanding of financial underwriting techniques and investment return metrics
• Prior experience in retail and multi-family is required
• Strong oral and written communication skills
• Outstanding quantitative and analytical skills
• Ability to maintain confidentiality and display good judgment
• Strong attention to detail
• Ability to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneously
• Ability to maintain quantity without sacrificing quality
• Exceptional organizational, analytical, and interpersonal skill
• Extremely strong work ethic and drive to succeed
PHYSICAL DEMANDS: In general, the following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job. Nature of work requires an ability to effectively communicate and exchange information, collect, compile and prepare work documents, and operate standard business office equipment. Travels as required to meet accountabilities.
WORK ENVIRONMENT: In general, the following conditions of the work environment are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job within the environment.
Work performed in a general office environment. May require extended hours during peak periods
This job is no longer active.