Senior Analyst

Hines•Chicago, IL

7d•$104,900 - $120,600•Onsite

About The Position

As a Senior Analyst of Asset Management with Hines, you will be responsible for providing analytical support to the asset management team that is required for value-creation on commercial and multifamily properties within the US Sunbelt. Responsibilities include but are not limited to: Prepare and maintain property cash flow models in Argus and Excel to support budgeting, valuation and investment decision making. Prepare and maintain investment models to calculate investment returns and cash flow waterfalls. Participate in the annual budgeting process. Review materials prepared by operating partners and property managers. Prepare summary schedules. Help prepare asset management plans for presentation to senior management. Gather and analyze market data to understand each property’s position in the market. Support asset managers to ensure properties are competitively priced relative to their competitive set. Monitor property operating and financial performance to ensure established goals and objectives are being achieved. Discuss material variances with Property Management and Accounting functions; determine key drivers creating variances. Prepare or review all monthly, quarterly, and annual property reporting required by Owner, Lender and Market. Provide assistance to asset managers on dispositions and refinancings, as requested. Gather and organize property information; help prepare materials for pitchbooks and deal rooms; help evaluate purchase offers, etc. Gather and organize materials used to support property valuations. Interface with third-party appraisers and brokers, responding to questions. Assist with requests related to lender reporting, such as preparing cash flow projections to ensure compliance with DSCR and LTV covenants. Support the asset management and acquisition teams on various underwriting and due diligence activities. Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds. Conduct ad-hoc analyses to support strategic initiatives and continuous improvement of the Asset Management function. Attend industry events to learn about innovative technologies, market trends, etc.

Requirements

Bachelor’s degree in real estate, business administration, finance, accounting, economics from an accredited institution.
Two to three years’ experience working for a real estate company, institutional real estate investor or financial institution, with a focus on multifamily real estate.
Ability to read and understand key real estate agreements, including leases, management and leasing agreements, partnership agreements, and loan agreements.
Strong analytical skills. The ability to gather, organize and clearly summarize information.
Strong proficiency with Microsoft Excel.
Ability to communicate clearly and concisely both orally and in writing.
Independent and self-motivated, but able to function well in a collaborative, collegial environment.
Demonstrate prioritization, organization, and time management skills to meet competing deadlines.
Well organized with attention to detail.
Willingness and ability to travel, as necessary.
Work indoors approximately 95% of the time and outdoors 5% of the time.
Ability to withstand long working hours, which are frequently necessary.

Nice To Haves

Prior experience with multiple assets types is preferred, but not required.
Familiarity with ARGUS and CoStar preferred.

Responsibilities

Prepare and maintain property cash flow models in Argus and Excel to support budgeting, valuation and investment decision making.
Prepare and maintain investment models to calculate investment returns and cash flow waterfalls.
Participate in the annual budgeting process, review materials prepared by operating partners and property managers, prepare summary schedules, and help prepare asset management plans for presentation to senior management.
Gather and analyze market data to understand each property’s position in the market and support asset managers to ensure properties are competitively priced relative to their competitive set.
Monitor property operating and financial performance to ensure established goals and objectives are being achieved, and discuss material variances with Property Management and Accounting functions to determine key drivers creating variances.
Prepare or review all monthly, quarterly, and annual property reporting required by Owner, Lender and Market.
Provide assistance to asset managers on dispositions and refinancings, as requested, by gathering and organizing property information, helping prepare materials for pitchbooks and deal rooms, and helping evaluate purchase offers.
Gather and organize materials used to support property valuations and interface with third-party appraisers and brokers, responding to questions.
Assist with requests related to lender reporting, such as preparing cash flow projections to ensure compliance with DSCR and LTV covenants.
Support the asset management and acquisition teams on various underwriting and due diligence activities.
Periodically accompany asset managers on site visits to develop relationships with the property team and to evaluate the condition of the property, housekeeping and grounds.
Conduct ad-hoc analyses to support strategic initiatives and continuous improvement of the Asset Management function.
Attend industry events to learn about innovative technologies, market trends, etc.