Real estate Jobs in West Jordan, UT

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Description

Real Estate Portfolio Associate

About Larry H Miller Real Estate

Larry H. Miller Real Estate (LHMRE), a portfolio company of the Larry H. Miller Company, is a vertically integrated real estate platform that engages in site acquisition and development, project and construction management, financial and capital structuring, and property and asset management. LHMRE’s development projects and assets include large-scale master-planned residential communities; multifamily, office, retail, industrial, and entertainment venue development and asset management; and a growing portfolio of joint ventures with leading real estate partners across the nation. The Larry H. Miller Company provides management and direction for its portfolio of well-known and high-performing companies, and always seeks to support its mission to enrich lives and its vision to be the best place in town to work and the best place in town to do business.

FLSA Exemption : Exempt / Salaried

Reports to : Director of Corporate Finance

Job Description

Larry H. Miller Real Estate is looking for a Real Estate Portfolio Associate to be involved in, asset management, capital planning and the long-term strategy of the real estate company. The position will involve all aspects of the investment team’s activities. This may include portfolio financial and capital planning, modeling, asset management, reporting, due diligence, closing, market research, and site tours. An ideal candidate will have held similar positions in the asset management or acquisitions of commercial real estate state across all asset classes. Successful candidates for this position will have had at least three to five years of relevant professional experience. This position will enable the right candidate to further develop a career in real estate by working on complex and creative transactions.

Responsibilities

• At least 3 years’ real estate investment and asset management experience in multifamily; retail / commercial leasing experience a plus.
• Demonstrated interpretive knowledge of property level financial statements, property appraisal & valuation processes, and forecasting.
• Perform regular and ad-hoc financial analysis and ongoing review of revenue data, forecasts, and performance metrics of operating properties.
• Support internal finance and investment teams with Proforma modeling and inputs, lender reporting, loan requirements, refinancing efforts, cash management analyses for the lender when required.
• Build custom models using Microsoft Excel for evaluation of potential acquisition and development opportunities across all major property types – particularly multifamily, office, retail, and industrial.
• Asset Management and Acquisition support with due diligence (, reviewing leases, contracts, historical operating statements, third party reports, etc.) and loan closings.
• Strong presentation skills enabling the ability to make robust written and oral recommendations to the Investment Committee and interact effectively with stakeholders.
• Assist with the modeling of LHMRE portfolio cash flows and capital planning.
• Collect and review market data for determining key assumptions on costs, rents, leverage, cap rates, operating budgets, etc.
• Prepare management reports monthly, quarterly, and annually.
• Provide extreme confidentiality in all company-related issues.
• Support the efforts of other employees to create a collaborative team culture.
• Protect the legal, financial, and moral well-being of the company and the portfolio companies.
• All other duties as assigned.

Experience & Skills

To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position.

Manage Complexity : Make sense of complex, high quantity, and sometimes contradictory information to effectively analyze situations and identify solutions.

Collaborates : Builds partnerships and works cooperatively with others across the organization to achieve shared objectives.

Plans and Aligns : Plan and prioritize work to meet commitments aligned with organizational needs and goals. Includes ability to break down objectives into appropriate initiatives and actions while anticipating and adjusting effective contingency plans.

Instills Trust : Gains the confidence and trust of others through honesty, integrity, and authenticity by following through on commitments, keeping confidences, and showing consistency between words and actions.

Strategic Mindset : Sees ahead to future possibilities and translates them into breakthrough strategies. Achieved by anticipating future trends and implications accurately and articulating credible pictures and visions of possibilities that will create sustainable value.

Physical Requirements :

Note : The need may arise to revise, supplement, or rescind portions of this job description, and Larry H. Miller Real Estate reserves the right to do so at any time. Employee shall be required to meet the qualifications and perform the duties of any revised job description.

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