What are the responsibilities and job description for the Client Services & Acquisition Specialist position at HRI Development LLC?
WHO WE ARE:
Based in New Orleans, Louisiana, and established over thirty-five years ago, HRI Properties (HRI) is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI Properties is vertically integrated with expertise in development, construction, design, governmental relations, environmental matters, historic landmark designation, and property management.
HRI Management, LLC (HRIM) is the multi-family property management entity within HRI Properties. HRIM manages a diverse portfolio of fifty-three multi-family developments consisting of five thousand units that offer luxury, affordable, and mixed-income living opportunities and over two hundred thousand square feet of office/retail space in a five-state area for HRI Properties, HRI Communities, and third-party property owners.
At HRIM, our long-term track record of success is attributable to our associates and their impact on the communities we manage. Our team is as diverse and unique as our property portfolio mix, and we are proud to have one of the highest employee retainage/tenure records in our industry. We welcome and embrace all ethnicities, cultures, ages, and lifestyles and hire individuals who can choose where they want to work. Because of our reputation and company culture, they decide to work at HRIM.
POSITION SUMMARY:
The Client Services & Acquisition Specialist will play a key role in assisting Senior Management with acquiring and transitioning apartment communities, supporting monthly and long-term financial planning, and evaluating multifamily assets. This role involves preparing the reporting for third-party property management companies, requesting and organizing required documentation, and providing analytical and operational support to management to facilitate a smooth property transition and long-term success. The ideal candidate will conduct financial reviews, prepare reports, and provide actionable insights to support property management and the division's operations. The candidate will combine strong analytical skills with a deep understanding of real estate and property management principles.
ESSENTIAL FUNCTIONS:
- Prepare management proposals for new business opportunities
- Assist in preparing and supporting the acquisition and takeover process, collaborating with the owner representative in requesting and compiling all documents required for transitioning properties
- Verify the accuracy and completeness of documents submitted by third-party property management companies
- Serve as the department's primary reporting source for ensuring that third-party property management information is prepared, reviewed, and audited for accuracy
- Prepare detailed monthly, quarterly, and annual performance reports as requested
- Prepare financial forecasts and analyze property financial statements and operating performance
- Conduct variance analyses and identify trends or anomalies affecting portfolio performance
- Analyze initial proforma data and assist in the preparation of development due diligence reporting, including drafting Management Plans, completing Management Questionnaires, and other required lender and investor documents
- Assist with third-party audit requests, analyzing and providing explanations for variances related to year-over-year performance
- Review of monthly financial statements. Specifically, compare revenue and expense category details for inconsistencies, errors, omissions, and variances
- Assist with initial drafts of annual budgets and/or lease-up budgets for new residential projects and, as requested, update budgets for existing communities annually
- Maintain communication records and reporting for takeovers to provide progress updates
- Perform other duties as assigned
POSITION REQUIREMENTS:
- Proficiency in property management software - Yardi
- Minimum of 3 years of accounting experience in property management
- Advanced proficiency in Microsoft Excel is required, including the ability to create spreadsheets, use advanced formulas and functions, and generate detailed financial reports
- Effective communication and interpersonal skills
- Ability to manage multiple tasks and deadlines
WE OFFER COMPETITIVE BENEFITS:
- Affordable Health Package (Medical, Dental, Vision and Wellness Program)
- Employer-Paid Benefits
- 401K with Company-Matching
- Paid Vacation, Holiday and Sick Time
EOE/M/F/Vet/Disabled
