Posted: 16-Jan-23
Location: Houston, Texas
Salary: Open
Categories:
Internal Number: 4775006004
Company Overview
Founded in 1986, Asset Living is a true third-party property management firm with decades of experience delivering exceptional value to partners across the nation. As a leader in third-party property management, Asset Living is the fourth largest in the country (National Multifamily Housing Council's Top 50) and remains the No. 1 third-party student housing property manager in the U. S. for 11 years in a row (Student Housing Business). With over 36 years of experience, Asset Living's growing portfolio includes a multitude of properties across the country that span the multi-family, single-family home rentals, affordable housing, build-to-rent, active adult, and student housing divisions. Asset Living presently manages a portfolio consisting of approximately 175,000+ units and 125,000+ beds. Asset Living is a family made up of diverse backgrounds, unique ideas, and distinct personalities. Recognized as one of the nation's Best and Brightest Places to Work, professionals join Asset Living because of its reputation as the most trusted partner in real estate, workplace culture, and growth opportunities. Asset Living is a member of The Institute of Real Estate Management (IREM) and is recognized as an Accredited Management Organization (AMO).
Financial Analyst
The Financial Analyst will be located at Asset s corporate office in Houston and will be heavily involved in the business development efforts of Asset pertaining to acquisition and development opportunities pursued by Asset s current and prospective management clients. The job entails working alongside members of the Business Development sales team and requires preparing analyses, executive level memos, financial modeling, budgets, and underwriting to guide decision making.
Essential Duties & Responsibilities
- Evaluate multifamily and student housing acquisition opportunities to provide guidance on their suitability for client investment
- Perform discounted cash flow analysis using Excel underwriting model to assign valuations to assets
- Interpret and explain deal-level return metrics and other key performance indicators
- Make hold/sell/refinance recommendations for client-owned properties based on analysis of existing financial statements
- Create full budgets pre-takeover for potential management changes
- Produce high-level budgets and rental rate suggestions for new construction projects
- Formulate opinions on feasibility and extent of capex projects and renovations to existing properties using financial modeling techniques paired with market knowledge
- Conduct submarket and comparable property research in order to formulate market rent recommendations
- Stay informed of industry and macroeconomic trends (through CoStar, broker publications, and other sources) and act as a knowledge resource for assigned target market(s)
- Assist with the creation and maintenance of business intelligence tools for use by Asset s Business Development department
- Work closely with sales team members to service client consulting requests
Education & Experience
- Bachelor s Degree in business or related field
- Excellent critical reasoning, quantitative, and analytical skills
- Demonstrated understanding of financial concepts
- Excellent interpersonal, written, and verbal communication skills
- Proven organizational skills with attention to detail
- Advanced Microsoft Excel knowledge
- Ability to prioritize and work within strict deadlines, while simultaneously managing several projects
This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice.
