Analyst - Asset Management
Analyst - Asset Management
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
At Piedmont our mission is to build and transform workspaces that enhance connection and collaboration for tenants while remaining committed to our stakeholders employees and local communities. Going beyond Piedmonts commitment to a best-in-class built environment we have dedicated ourselves to fostering a diverse and inclusive culture by empowering employees to share their experiences and ideas to create a culture where there is shared pride passion and commitment to excellence innovation and respect. Culture is more than just a buzzword to us our employees are what make Piedmont such a dynamic and rewarding place to work and remain our most valuable resource to work together be successful grow the company and make an impactful difference in the office experience.
The Real Estate Analystprovides wide-ranging support to teams responsible for the financial and operational oversight of Piedmonts approximately $5 billion portfolio of Class A office properties. This support would include but not be limited to the evaluation and analysis of potential acquisitions dispositions lease transactions re-development and development opportunities as well as the operational strategy of a select portfolio of assets.
JOB REQUIREMENTS:
- Bachelors Degree in Finance Real Estate Economics Accounting or related field
- 0-3 years of commercial real estate industry experience
- Solid understanding of financial concepts (NPV IRR lease comparison ROI DCF modeling financial statements etc.)
- Knowledge of Microsoft Office suite with high proficiency in Excel; experience in PowerPoint is a plus
- Knowledge of Argus Enterprise preferred but not required
- Excellent interpersonalwritten and verbal communication skills
- Excellent analytical quantitative and problem-solving skills
- Physical requirements involve sitting to perform general office work at computer and mobility between departments or office area to facilitate work.
- Routine travel is not required for the position.
JOB RESPONSIBILITIES:
1) Lead the financial analysis of various real estate transactions including leases acquisitions dispositions and development/re-development. Most common forms of analysis include NPV IRR payback and net effective rent calculations.
2) Maintain and update asset level software (ARGUS) on a quarterly basis to include:
- Pertinent leasing updates
- Review of market and submarket fundamentals
- Capital expenditure forecasting
- Recommend changes of underlying assumptions to asset manager
- Determine initial opinion of value for select assets
3) Monitor property financials to assess performance versus budgets and discuss with property manager possible correction actions for material variances
4) Participate in frequent discussions with third party brokerage firms regarding potential transactions and relevant market conditions
5) Participate in design of property repositioning and renovations
6) Cross-train and collaborate with analyst and associate pool in order to ensure best practices are implemented across regional real estate and acquisitions/dispositions teams
7) Prepare internal documents for review of material transactions (Executive Committee Investment Committee and Board of Directors)
8) Support various real estate team initiatives
Required Experience:
IC
Employment Type
Full-Time
