Description
Job Summary
To assist in the underwriting, analysis and on-going reporting related to the real estate investments for
a national portfolio of real estate properties owned by a single family investment office
Responsibilities
- Assist in the research, modeling and assessment of new real estate investment opportunities
- Prepare and maintain internal financial models for real estate investments to determine the downside, base case and best case return for each prospective project
- Compare internal financial models to those of project sponsors to thoroughly understand project risks and opportunities
- Audit and vet capital draw requests prior to funding to ensure accuracy and completeness
- Project company cash flows and liquidity needs based on projected investments and dispositions
- Maintain internal capital account balances for real estate investment pursuant to various operating agreements
- Audit internally maintained capital account balances against third-party prepared capital account information
- Review proposed distributions from real estate investments and ensure their accuracy and compliance with each project’s respective operating agreement
- Coordinate with internal and external accounting teams to assist in the preparation of annual tax returns and other necessary regulatory filings
- Prepare investment packages for potential co-investors to highlight the merits and key risks of projects
- Update internal systems and databases related to key project information and milestones
- Prepare reporting for co-investors on the status and progress of on-going projects
- Monitor the financial health of tenants to which the portfolio is exposed, including credit rating decisions, earning reports, and SEC filings
- Coordinate with the Controller to maintain and regularly run reports showing the true returns on real estate investments, after accounting for taxes and deal-level expenses
- Prepare and submit invoices for reimbursement for recoverable project expenses
- Coordinate with internal and external accounting teams on biannual update of agreed upon procedures report, auditing real estate investment returns
- Review and reconcile monthly bank statements and submit monthly real estate allocations to portfolio manager
- Monitor the entity closeout process for each deal post-disposition, including tracking escrow holdbacks
- Prepare and distribute non-disclosure, non-circumvention, and confidentiality agreements to potential co-investors or other third parties
- Stay informed on trends and themes in the real estate sector to help shape the firm’s perspective and strategy
Requirements
- Bachelor’s degree in a relevant field of study
- Graduate degree in finance or accounting and or five years of experience in financial reporting
- Certified Public Accountant preferred
- Thorough understanding of Microsoft Excel and financial modeling
- Understanding of fundamental tax, finance and accounting relating to real estate investing and private equity
- Awareness to spot trends in the broader economy and real estate sector and relate them to the business
- Willingness to periodically travel to various company offices and attend meetings with business partners
- Strong written and verbal skills
Location
- Choice of office between Palm Beach, FL or San Antonio (Boerne), TX
Experience
2+ to 5 years
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