Prometheus Summer Internship - Finance
About The Position
Prometheus Summer Internship Program is a paid program that will provide you with an inside look at the real estate operations of Prometheus, the largest private owner of multi-family properties in the Bay Area. The internship is intended to provide a unique opportunity to earn valuable experiences by working directly with the department managers on a daily basis. Your responsibilities will focus on providing assistance to your immediate department in the execution of daily tasks and support of internal and external customers by collaborating with others on providing outstanding service to our Prometheans, Neighbors, and Vendors. Areas of learning will include becoming familiar with varying types of real estate transactions and their associated documents, and cross-functionality in a diverse working environment. This role will require you to work up to 40 hours per week, for a duration of 9-12 weeks. The Finance Intern will support the respective departments with: Financial Responsibilities You will gather data and evaluate valuation models for current and future financing transactions. You will identify strengths and weaknesses of proposed transactions, provide timely analyses and document assumptions and scenarios appropriately. You will analyze long-term cash flow needs of the business to make informed decisions regarding financing and investment activities. You will track and chart key interest rates used for financing. You will maintain involvement in financial side of financing and asset management, e.g., refinancing analysis, sales analysis and calculation of proceeds; property and portfolio budgeting responsibilities; property tax analysis and appeals. Financial Reporting Responsibilities You will prepare financial statements for internal use and/or external lender requirements. You will maintain and enhance the finance platform – tracking returns, identifying trends in portfolio to mitigate risk and/or exploit revenues, regular reporting to ownership on financial and asset performance, developing controls and assigning responsibility for key P&L and balance sheet items. Due Diligence Responsibilities – You will assist in the coordination of due diligence requirements with lenders and third-party consultants and will maintain communications with primary lenders and serve as a liaison between lenders and company, answering questions and distributing information when requested. Presentation: Over the course of your internship, you will create a capstone presentation that you will present to the executive team.
Requirements
- Currently enrolled in an accredited university with a sophomore, junior or senior standing
- Must have strong analytical skills, be adept at working with and analyzing data, accurate and detail oriented
- Team Oriented
- Communicator
- Entrepreneurial
- Passionate
- Self-Starter
- Creative
- Principled
- Brand Ambassador
Responsibilities
- Gather data and evaluate valuation models for current and future financing transactions
- Identify strengths and weaknesses of proposed transactions
- Provide timely analyses and document assumptions and scenarios appropriately
- Analyze long-term cash flow needs of the business to make informed decisions regarding financing and investment activities
- Track and chart key interest rates used for financing
- Maintain involvement in financial side of financing and asset management, e.g., refinancing analysis, sales analysis and calculation of proceeds; property and portfolio budgeting responsibilities; property tax analysis and appeals
- Prepare financial statements for internal use and/or external lender requirements
- Maintain and enhance the finance platform – tracking returns, identifying trends in portfolio to mitigate risk and/or exploit revenues, regular reporting to ownership on financial and asset performance, developing controls and assigning responsibility for key P&L and balance sheet items
- Assist in the coordination of due diligence requirements with lenders and third-party consultants
- Maintain communications with primary lenders and serve as a liaison between lenders and company, answering questions and distributing information when requested
- Create a capstone presentation that you will present to the executive team
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What This Job Offers
Career Level
Intern
Education Level
No Education Listed
Number of Employees
501-1,000 employees
