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The Asset Management team provides management, advisory, underwriting and analytical support. Primary focus areas include: i) underwriting for leases and tenant credit, significant capital investments, new development projects and acquisition opportunities, ii) asset level business plans, performance measurement and reporting for the operating portfolio, and iii) property valuation analyses.
The Team works in collaboration with property operations, leasing, asset management, development, acquisition, financing and accounting colleagues.
Job Duties:
- Model and understand financial concepts around NPV, IRR and discounted cash flow analyses.
- Conduct annual property valuation analyses internally.
- Provide analytical and underwriting support when evaluating leases, tenant credit worthiness, capital investments, new development projects and acquisition opportunities.
- Prepare investment theses, deliverables and financial exhibits to support investment decisions.
- Participate in preparing property business plans each year and monitoring asset performance against a variety of benchmarks, including: performance objectives, pro-forma cash flows, leasing goals and forecast yields; help drive analytical insights around operating and financial performance.
- Participate in quarterly property reviews and forecasts; create summary reports including budget variances, occupancy and leasing updates, operating expenses, capital expenditures and potential loan refinance implications.
- Monitor market conditions, pricing trends and competitor research; collect market data/reports in support of business plans.
- Work closely with property operations, leasing and asset management teams for input and guidance on business plans, budget reviews and cash flow forecasts used in valuation and investment analysis.
- Demonstrate an understanding of real estate and investment principles; Visit properties periodically to develop and maintain an understanding of assigned properties, competitors and market dynamics.
- Support strategic initiatives and internal process improvements.
- Maintain ARGUS and Excel models for assigned properties.
Minimum Qualifications / Other Expectations:
- Four year degree with a preferred major in business and/or real estate; MBA preferred.
- Five plus years of experience in a real estate finance or analytical role, including a focus in office, multi-family and/or retail properties.
- Experience with financial statement analysis and strong understanding of corporate finance concepts.
- Demonstrates critical thinking, curiosity, self-drive, proactiveness, excellent communication skills (verbal and written), strong organization, collaboration, and high standards of accuracy and precision.
- Superior in Excel, including strong modeling capability; ARGUS experience required.
- High ownership of work product and dedication and commitment to driving results.
- Embrace and reinforce the Irvine Company core values.
- Maintain courtesy, diplomacy and a service-oriented mindset with internal and external customers and colleagues.
Source: Irvine Company’s Career Page
