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Company

Financial Analyst

Job Title: Financial Analyst
Date: June 2020
Location: Beverly Hills, CA
Full-Time/Part-Time: Full-Time

CIRE Equity is an entrepreneurial, growth-oriented company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States.
We are passionate about real estate, dedicated to hard work and strive for excellence in everything that we do. We value our employees and aim to create a fun, merit-based environment that encourages hard work, creative thinking and high-quality performance. We foster persistent improvement, and we are seeking likeminded individuals who share our attention to detail and passion for excellence to join our growing team.

Description

CIRE Equity is seeking a Financial Analyst who will be responsible for all financial analysis needed to support its Acquisitions and Asset Management teams. This individual will be relied on to cover a wide swath of responsibilities ranging from financial modeling for new acquisitions to performance tracking and scenario analysis for existing portfolio assets. The position involves a high level of complexity with regard to financial modeling, financial analysis and the interpretation of agreements, including leases, CC&R’s and operating agreements, for the purpose of application to financial analysis and modeling. An ideal candidate will be proactive, will possess a strong attention to detail without compromising efficiency, and will be able to independently tackle and resolve complex issues in our fast-paced, ever changing environment.

Responsibilities:

  • Work closely within the Acquisitions team to perform ad-hoc financial analyses of prospective deals prior to offer submittal.

  • Preparation of Argus to generate cash flows and export/manipulation within Excel templates.

  • Create detailed financial models for new acquisitions under contract, including detailed cash flow pro forma and syndication waterfalls.

  • Assist in all aspects of the due diligence process for new acquisitions, including the review of leases and estoppels, review of CC&R’s, reconciliation of historical financial statements to pro forma, and reconciliation and analysis of operating expense reimbursements to ensure accurate underwriting of the deal and to identify opportunities to unlock value post-acquisition.

  • Track the financial performance of the existing portfolio on a quarterly basis including assisting in the management of quarterly appraisal process.

  • Assist in special situation fund tracking calculations on an investor level working with fund administrator.

  • Maintain property level financial models in real time to assist in portfolio strategy and decision making.

  • Provide analytical assistance to support asset managers with leasing, capital expenditure and disposition decisions.

  • Work with executive team to perform various strategic valuation and stress test analyses on existing portfolio assets.

Management Expectations:

  • Maintain a high level of accuracy in underwriting of acquisitions through attention to detail and a thorough review of due diligence materials.

  • Identify opportunities to enhance the revenue of new deals where existing agreements, such as leases and CC&R’s have been improperly implemented.

  • Efficiently and accurately perform complex, ad-hoc financial analyses, distill key indicators and present clear and concise summaries.

  • Proactively monitor the performance of all assets under management relative to pro forma and present findings to the executive team.

Competencies

  • Self-motivated, inquisitive and passionate.

  • Strong interpersonal and communication skills.

  • Highly analytical and able to maintain a positive approach to complicated financial tasks.

  • Able to solve problems and deal with a variety of variables in unique situations where only limited standardization exists.

  • Detail oriented and able to maintain a high quality of work under pressure.

  • Excellent grasp of real estate financial statements including profit and loss statements, balance sheets and cash flow statements.

  • Highly proficient in real estate finance with ability to analyze and model the full scope of a real estate transaction, including syndication waterfalls.

  • Ability to read and interpret legal documents such as commercial leases, CC&R’s, listing agreements, management agreements, loan agreements and service contracts.

  • Ability to multi-task and manage priorities against key deadlines within a fast-paced environment

  • Highly proficient in Microsoft Excel and Argus. MRI experience is a plus.

Position Requirements

  • Bachelor's degree required; preferred concentration in business or finance.

  • 2+ years of experience in financial analysis, asset management, private equity or investment banking. Experience in commercial (retail, industrial, office) real estate preferred.