Job description

JOB DESCRIPTION

POSITION TITLE:

Real Estate Analyst

GROUP OR CORPORATE STAFF:

MWF Properties

ORGANIZATIONAL RELATIONSHIP:

• Incumbent(s) reports to Asset Manager
• Reports to incumbent(s)—To be determined.

SUMMARY

Provides analytic support services to maintain/increase profitability and efficiencies of existing real estate portfolio.

DUTIES AND RESPONSIBILITIES:

*Underwriting/Development:

• Assist development team in initial underwriting for future applications
• Assist asset management with installment releases with investor partners.
• Assist asset management with permanent debt conversions

*Construction:

• Monthly Draw Meetings
• Attend monthly draw meetings with general contractor & architect
• Review, update and manage Alternates List
• Prepare and submit monthly draw packages

• Property Turnover – work as liaison between ownership & management
• Attend/coordinate punch walks (mock unit, all units, common area, exterior)
• Attend/coordinate 11-month warranty walks
• Works with the Management Company on new development turn-over, including schedule, procurement of furnishings, fixtures, equipment, and rental compliance
• Work with Property Management to establish first year operating budgets

*Stabilized:

• Prepare financial analysis materials
• Conducts market research on existing developments to maximize rental efficiencies
• Analyze reports and information from on-site staff to ensure productive development management
• Assist in the preparation of monthly financial review
• Assists asset management in research and procurement of information necessary for project financial reports
• Coordinates weekly, monthly, and annual documentation required by the Management Company, lenders, and partners
• Assist in preparation of annual budgets on behalf of Ownership
• Assist in annual audit and tax return review
• Attend quarterly property inspections and review inspection reports
• Oversee bids and track all Capital Expenditures over $10,000 on behalf of Ownership
• Work with asset manager to oversee Preventative Maintenance Program

*Disposition/Refinance/Re-Syndication:

• Compiles due diligence and procures necessary information related to refinancing opportunities and syndicator buyouts
• Work with Brokers to sell asset

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each duty and responsibility satisfactorily. The requirements listed are representative of the education, knowledge/experience, and skills/abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

--Education:

• BA/BS degree in finance, real estate, or related field

--Knowledge and experience:

• 1-2 years in real estate development, property management, or in a financial reporting environment
• General business knowledge

--Skills and Abilities:

• Organizing—able to coordinate delivery of resources (funding, materials, support) to assist projects to successful conclusion
• Communications Skills—is effective in a variety of formal presentation settings, able to write clearly and succinctly in a variety of communication settings and styles, and practices attentive/active listening
• Financial Modeling Skills – able to use a variety of tools, techniques, and approaches for modeling
• Priority Setting—focuses efforts and time on what’s most important by identifying the critical few priorities, planning for, and adjusting to problems, and creating focus for self and others
• Drive- a self-starter that will seek out ways to improve efficiency and solve problems
• Ability to work independently and in a team-oriented, collaborative environment is essential
• Excellent analytic abilities
• Strong computer skills in MS Office

--Working Conditions:

• Majority of job performed in an office environment, frequent use of personal computer, facsimiles, copy machines and other office equipment. Occasional work on construction sites that requires protective equipment that conforms to OSHA regulations.
• Asset Manager may modify requirements

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Retirement plan
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Supplemental pay types:

• Bonus pay
• Signing bonus

Ability to commute/relocate:

• Minneapolis, MN 55423: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Required)

Work Location: In person

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