Description
General Summary:
This position supports management and financial analysts in formulating asset strategies and evaluating projects from both financial and non-financial perspectives.
Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria and other relevant information to effectively evaluate Rockefeller Group Development Corporation (“RGDC”) development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; assisting in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects; and assisting Financial Analysts as needed.
Summary of Key Duties and Responsibilities:
- Formulates and implements systems for financial analyses of development projects and of proposed asset sales
- Prepares, updates, and maintains financial models related to real estate transactions
- Conducts ROI analysis for potential acquisitions of new properties or expansion of current properties
- Coordinates with RGI and RGDC corporate departments to collect data, prepare budgets, project financials, and determine financing options. Departments include Development Accounting, Business Analysis, Treasury, Legal and Tax
- Participates in formulating and negotiating agreements with partner/investors and other appropriate individuals
- Reads proposals and analyzes major lease transactions
- Develops, updates, and evaluates operating expense, cash flow, and income projections against established budgets and operating proformas
- Assists Divisional Controller, Development Accounting in monitoring development cost performance
- Mentors Financial Analysts as needed
- Gathers and evaluates economic, demographic, and real estate market data
- Assists in review of leases, legal documents, and other materials as part of the due diligence process
- Assembles and summarizes data and provides recommendations to management
- Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
- Works with real estate and construction colleagues nationally and globally to develop and evaluate strategic opportunities for the Rockefeller Group's development portfolio
- Develops, drafts, and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies, and lease transactions
- Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
- Recognizes and informs management of business issues and opportunities which may affect project facilitation
- Produces and delivers oral and written presentations accurately and effectively.
- Updates job knowledge through reading publications, participating in professional organizations, and attending formal training as appropriate
- Performs other duties as assigned
Education Requirements:
Bachelor’s degree, with preferred field of education in Business; Graduate degree in Finance preferred
Experience / Knowledge / Skills Requirements:
- Minimum of 5-7 years of work experience within related work areas
- Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience preferred
- Proven ability to build Excel models from scratch
- Proven experience with modeling waterfalls
- Fundamental understanding of real estate operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required
- Ability to track and analyze information to formulate appropriate recommendations
- Excellent skills utilizing Excel, Word, relational databases and PowerPoint or other presentation software
- Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
- Excellent analytical skills and strong written and verbal communication skills
- Independent and team project management skills required
Experience
5+ to 7 years
This job is no longer active.