Financial Analyst - Multifamily Development
Fairfield Residential

San Diego, California

This job has expired.


Financial Analyst - Multifamily Development

At Fairfield, we are proud to be a leader in the multifamily housing industry. We are passionate about creating exceptional and luxurious apartment living. Among the most experienced multifamily companies, Fairfield has developed and acquired over 1000 communities since 1985. We are an award-winning company that proudly employs over 1,300 associates who are dedicated to serving our customers at our apartment communities located in over 30 markets nationwide.

We have a great opportunity for you to work side by side with our passionate, bright and highly experienced professionals in the Multifamily Housing industry.

Education/Certificates:

  • Bachelor's degree from an accredited university, with a preferred major focus in finance or real estate
  • MBA is a plus but is not required

Experience:
  • 1+ years of work experience in commercial real estate or finance

Skills, Knowledge & Abilities:
  • Advanced knowledge of Microsoft Excel is required (knowledge of macros is a plus), as well as working knowledge of Microsoft Word and Powerpoint
  • Financial modeling experience is preferred
  • Complete understanding of basic financial concepts such as IRRs, NPVs, time value of money, etc.
  • Desire to learn and grow professionally in the commercial real estate industry
  • Outstanding organizational skills and ability to work under pressure to meet multiple deadlines
  • Strong written, verbal, and interpersonal communication skills

Essential Duties:
  • Prepare, modify, and update development proformas using our in-house proprietary models. This includes a very thorough knowledge and application of the following:
    • Untrended and stabilized rents and operating expenses
    • Different development project types and impact to underwriting assumptions
    • The timeline of a typical development project, including the land acquisition, construction period, and lease-up phases through stabilization
    • Comprehensive development budgets including land price, hard costs, soft costs, financing costs, insurance, property taxes, contingency, etc.
    • Various equity structures with multi-tiered waterfalls
    • Financing assumptions inclusive of leverage terms, interest rates, debt yields, and debt coverage ratios
    • Varying hold/sell strategies, including application of cap rates, transaction costs, and market sale assumptions
  • Maintain ownership and responsibility for the accuracy and timeliness of all workflow
  • Comprehend and model other types of analyses such as land entitlements, for sale strategies, acquisitions, etc.
  • Work closely and directly with the 10-15 different internal executives and development leads, but also with various individuals in our entitlement, construction, accounting, asset management, property management, property tax, legal, and capital markets groups. Serves as the hub for maintaining information at the project level throughout the development process.
  • Provide weekly reporting of the status/returns of our development pipeline
  • Provide support to the asset management team, including the provision of various models and financial analyses that can be updated regularly during lease-up of all new construction projects and ad-hoc projects as requested
  • Completes company required training by established deadline.
  • Complies with all Fairfield standards, applicable health and safety rules and regulations, as well as applicable local, state and federal laws.
  • Any other duties or responsibilities that may be assigned.

Why consider us?
  • Competitive Pay and Benefits Package.
  • Careers are made at Fairfield- We are committed to developing our staff through our robust in-person, online and social training. Promotions from within are encouraged.
  • Environmentally Aware- Fairfield leads the industry through our Living Green Program and our LEED Certified communities.
  • Award Winning- Fairfield is recognized for our customer service, training and professionalism.
  • Cutting Edge Technology- Fairfield utilizes innovative property leasing and accounting software that maximizes productivity.

#LI-PAT

Estimated Rate of Pay:

$68,000.00 - $83,000.00

This position is exempt; the range above reflects annual salary.

The pay range displayed for this position is determined by skills and experience required, location and job complexity*. Potential job offers may vary based on the skills, education, and experience an individual candidate holds. This range reflects base rate only, and does not include allowances, perks, commissions or bonuses applicable to this position (if any). In addition to base salary, Fairfield offers all full time associates the following, upon meeting eligibility requirements:
  • Paid time off, paid holidays and sick days, paid time off for volunteering activities (optional)
  • Matched 401(k)
  • Medical, dental & vision insurance
  • Flexible spending account
  • Life insurance

* Pay range is a calculation based on a midpoint price. Fairfield complies with all wage and hour laws, including minimum wage and salary exempt requirements.


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