Role details

Real Estate Analyst (Private Equity)

New York   •  Permanent

Bullet points

  • $6B+ AUM Private Equity Firm
  • Public Accounting Experience Required, CPA Preferred

About Our Client

$6B+ AUM Private Equity firm based in Manhattan with a diversified portfolio of commercial and residential real estate holdings across the US.

Job Description

Property Responsibilities (Estimated 65% of the typical property load for an analyst)

-Review monthly reporting packages from third party property managers

-Review annual property budgets, CAM reconciliations and reforecasts

-Stay on top of property cash management including:

Timely payment of expenses and monthly debt service

Prepare cash flow projections to determine future needs / capital calls

Review accuracy of bank reconciliations prepared by property managers

-Calculate property level dividend distributions and property returns

-Review and coordinate approval of property funding requests (both operating and capital)

-Conduct variance analysis comparing actual performance to historical, budget and underwriting

-Ensure accuracy of rent rolls and options reports

-Monitor accounts receivable aging report and work with asset management on addressing delinquencies

-Assist in preparation of quarterly investor reports

-Coordinate with asset managers and acquisitions dept regarding ongoing property issues (TLC)

-Maintain property IRR including prepare/review waterfall calculations in joint venture documents

-Perform loan compliance testing

-Keep track of lender escrows and review/prepare lender draw requests

-Maintain loan abstract

-Maintain complete and organized property files electronically



Audited/Reviewed Financial Statements

-Coordinate required information for both properties and portfolios (i.e. audit workbooks/confirmations/supporting documents)

-Review audit adjustments for both properties and portfolios

-Ensure audit deadlines are being met for both properties and portfolios



Acquisitions (w/supervision of the PM)

-Perform/Review due diligence on income, CAM & expenses

-Review underwriting (ARGUS) used to determine pricing

-Coordinate with attorneys (buyer & seller)

-Prepare closing statement with prorations for PM review

-Prepare journal entry to record closing

-Prepare post closing memorandums/true up



Dispositions

-Prepare/coordinate information required by Dispo Department for PM review

-Prepare closing statement for PM review

-Calculate proper allocation of distribution among ownership entities for PM review

-Prepare final IRR/investment multiple calculations

-Prepare journal entry to record closing

-Prepare post closing memorandums/true up/follow up on post closing matters

-Monitor cash reserves from closing until the wind down of property accounts



Other

-Active in recruitment process

-Review employee performance

-Assist in property financings and refinancings

-Various internal special projects

The Successful Applicant

-B.S. Degree in Accounting, Finance or Real Estate required

-2-6yrs of relevant work experience

-Public accounting experience required, must have worked with real estate and/or private equity clients

-Advanced Excel skills

-Strong communication skills and attention to detail

What's on Offer

Salary commensurate with experience, performance based bonus, benefits.

Apply for this job

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