Senior Associate, Due Diligence

Essex Property Trust•Los Angeles, CA

4d•$107,000 - $135,000•Hybrid

About The Position

Essex is looking for an organized and detail-oriented Senior Associate of Due Diligence. The candidate will be responsible for leading the transaction due diligence process from inception to close, performing deal underwriting, leading property inspections, coordinating due diligence deliverables from internal and external teams and presenting to Essex’s Senior Leadership Team. The candidate must be able to work independently, work on multiple deals and accurately and thoroughly complete tasks, including developing budgets and coordinating property management transitions.

Requirements

Bachelor’s degree (B.A./B.S.) from a four-year college or university in business administration, finance, economics, real estate or related field.
5+ years of related experience in multi-family real estate due diligence, asset management, or in a financial analysis role.
Strong financial and analytical skills.
Ability to prioritize and manage a variety of tasks within a tight time schedule.
Strong communication skills, including an ability to compile written materials and present underwriting to Company leadership, as well as the ability to efficiently coordinate various teams across the Company.
Proficiency in Microsoft Office, Yardi, and Adobe.

Nice To Haves

Experience with the California or Washington multi-family real estate markets preferred.

Responsibilities

Develop and maintain detailed financial models to support the underwriting of potential acquisitions, development, and structured finance transactions.
Coordinates and lead due diligence, underwriting and closing process, including documentation review and analysis of key findings, rent analyses, detailed budget preparation, document checklist calls, lease audits, warranty review and warranty transfer, assessment of capital, assessment of staffing, 3rd party report engagement and detailed review, and analysis of historical operating documents.
Ability to recognize key risks or non-standard components of a transaction through review of 3rd party reports, deliverables and through comprehensive review of assets.
Work closely with senior management and have extensive interaction with the real estate community, including sellers, developers, lenders, brokers and third-party vendors.
Travel to project sites and work with capital maintenance teams to evaluate asset conditions, including potential code violations and any necessary repairs or other major capital needs.
Lead and collaborate with cross-functional teams to conduct thorough due diligence including legal, financial, and physical aspects.
Lead the preparation of investment memoranda, presentations, and other materials for internal and external stakeholders.