Analyst

Position Purpose: The Asset Management Analyst will provide analytical support to the asset management and accounting teams on overall management of assets including cash flow analyses and valuations, reporting, lease evaluations, capital improvement execution, preparation of materials/reports for the EVP, Investment Committee, and Board of Directors to approve. The role may at times support the broader asset management team on a wide range of acquisition, asset and portfolio management, valuation, research and special projects. The successful candidate will have 1-3 years of real estate experience, with modeling and valuation experience preferred. The successful candidate will be strong proficient in excel, with a knowledge of ARGUS.

Essential Duties and Responsibilities:

Asset Management

·        Assist with all aspects of the asset management portfolio and tracking asset performance.

·        Analyze and assemble lease approval packages which include lease term analysis, financial analysis, net effective

rent calculations, conflicting tenant rights analysis and leasing commission calculations.

·        Conduct initial asset management review of monthly property reports and financials provided by property management.

·        Performing short and long-term analysis of property level returns.

·        Maintain a cash flow valuation model and Argus model for each asset in the portfolio. Compile and analyze YTD Actual/Projected Income Statements.

·        Assist asset management team in preparation of reporting to JV partners and Board of Directors.

·        Maintain portfolio tracking metrics for occupancy, leased percentage, and absorption.

·        Involvement in the preparation of yearly property budgets and asset plans.

·        Verify property data to be used in all marketing including Co-Star.

·        Keep a tenant watch list and analyze at risk tenants.

·        Analyze in-place rental terms and compare to current leasing trends. Track market leasing comps and competitive set analysis provided by third party brokerage teams.

·        Conduct periodic research regarding capital markets trends, as well as micro- and macro-economic, demographic, and real estate trends for specific markets, in which the Company has active investments.

·        Reasonable duties as assigned.

·        Attend industry events as applicable.

Qualifications:

1. Bachelor’s degree required (real estate, economics, accounting or business majors preferred).
2. 1-2 years of real estate analytical experience required.
3. Major proficiency in Excel with ability to build models, improve existing models, strong use of functions (sum if; if/and; lookups, etc.)
4. Experience with ARGUS modeling software.
5. Clear understanding of fundamental real estate economics, finance principles, and financial statements.
6. Strong project management and coordination skills as well as the ability to multi-task.
7. Strong quantitative and analytical skills. Attention to detail and extremely organized.
8. Excellent communication skills – written, oral and interpersonal.
9. A strong design to learn, be self-motivated, be a team player, and believe anything is possible.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

About Us

The Chevy Chase Land company would not be here today without a strong foundation of core values. The expectation is everyone exhibits these values daily. These are the values that make us the strong team that we are today, and sets the stage for our bright future ahead:

Working together with purpose. As a team we understand the importance of every role in the company, and every person should work diligently in their role to contribute to the greater good.

Believe that anything is possible! Be persistent and determined, and never hesitate to perform your work above and beyond anyone’s expectations.

Together we thrive. Working together and respecting one another is how we thrive as a team. Show up for one another, act with compassion, and count on your team for support.

Open your mind and have a thirst for knowledge. As the world changes around us every day, so must we. Be boundless in your work and challenge the status quo.

Deliver above expectations. Be prepared to provide unparalleled service to everyone we work with. Take pride in yourself and the service you deliver inside and outside of the organization.

Honesty & Integrity, Always. Above all, honesty and integrity are the beacon of our organization, and without these, nothing else matters.

These values are instilled in our culture today, and shared by everyone in the organization. We are proud to say that we embrace these values as much as we embrace and support one another.

Employees are generously compensated with eligibility for bonuses based on performance.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. 

Physical Demands:

The physical demands listed here are representative of those that must be met by an employee to successfully perform the essential functions of his/her job. Under the ADA, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

•         Ability to sit, stand, walk, travel up and down stairs, crouch, stoop and reach.

•         Ability to lift up to 25 lbs.

AAP/EEO STATEMENT

• CCLC provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, CCLC takes affirmative action to ensure that applicants are employed and employees during employment are treated without regard to any of these characteristics. Discrimination of any type will not be tolerated. 

The Chevy Chase Land Company carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Asset Management Analyst position is $70,000 annually and the maximum salary for the Asset Management Analyst position is $80,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on performance.