What are the responsibilities and job description for the SENIOR, INVESTMENT ANALYST position at Equity Residential?
Job Description
Working for Equity Residential means being part of a community and striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we work together. That's what our Be.Think.Play.Live. culture is all about.
Under the direction of the First VP, Investments, you will assist in overseeing the expansion markets and corporate functions within the Investment group.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, Investments is also charged with maximizing the value of assigned residential properties to maximize the return on investment of the real estate assets.
WHO YOU ARE :
Analytical and Creative. You like thinking outside the box while coming up with effective solutions to complex challenges. Comfort around asking critical questions, challenging the status quo, proposing actions from the owner's point of view, and responding to changes in the marketplace.
A Strong Communicator. Your writing and speaking skills are clear and effective, helping you connect well with others.
Organized and Confident. You are flexible, composed, and able to prioritize multiple tasks and deadlines simultaneously while confidently interacting with individuals across all levels of the organization.
Motivated. You invest extra energy to reach your goals.
A Solution-Oriented Team Player. You are united with teammates and follow through on commitments.
WHAT YOU'LL DO :
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 a 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.
Performs other duties as necessary.
REQUIREMENTS :
Bachelor's 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.
Proficiency in data analytics tools and technologies, such as SQL, R, Python, etc., with a strong ability to perform data analysis and statistical modeling tasks.
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