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Property Analyst

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10017
Country
United States

This job is no longer active.

Description


DRA Advisors LLC is a New York-based real estate private equity investment and management firm with an institutional and private investor fund base. For the past 30 years DRA has been a highly regarded equity joint venture partner with outstanding real estate operating groups. The firm invests nationally in the value-add retail, office, multifamily and industrial sectors. 


ESSENTIAL DUTIES AND RESPONSIBILITIES:

  1. Property Responsibilities
  • Review monthly reporting packages from third party property managers.
  • Review annual property budgets, CAM reconciliations and reforecasts.
  • Stay on top of property cash management including:
    • Timely payment of expenses and monthly debt service.
    • Prepare cash flow projections to determine future needs / capital calls.
    • Review accuracy of bank reconciliations prepared by property managers.
  • Calculate property level dividend distributions and property returns.
  • Review and coordinate approval of property funding requests (both operating and capital).
  • Conduct variance analysis comparing actual performance to historical, budget and underwriting.
  • Ensure accuracy of rent rolls and options reports.
  • Monitor accounts receivable aging report and work with asset management on addressing delinquencies.
  • Assist in preparation of quarterly investor reports.
  • Coordinate with asset managers and acquisitions dept regarding ongoing property issues.
  • Maintain property IRR including prepare/review waterfall calculations in joint venture documents.
  • Perform loan compliance testing.
  • Keep track of lender escrows and review/prepare lender draw requests.
  • Assist in property financings and refinancing.
  1. Financial Statements
  • Coordinate required information for both properties and portfolios (i.e. audit workbooks/confirmations/supporting documents).
  • Review audit adjustments for both properties and portfolios.
  • Ensure audit deadlines are being met for both properties and portfolios.
  1. Work in conjunction with internal Acquisition and Disposition teams to analyze, prepare and review all necessary documentation, statements and financial information needed to complete transaction.
  2. Work on various internal special projects as assigned
  3. Perform other duties and responsibilities as assigned.

The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.

 

EDUCATION/EXPERIENCE

  • BS in Finance or Accounting required
  • 3-5 years Real Estate Accounting and Investment experience required.
  • Experience with Yardi preferred.

 

SKILLS/COMPETENCIES

  • Exceptional proficiency with Excel required
  • Excellent attention to detail and accuracy along with ability to multitask and prioritize
  • Must be able to think strategically and execute tactically.  Ability to plan ahead, anticipate potential problems and react nimbly.
  • Exceptional analytical skills required and ability to identify areas of process improvement opportunities.
  • Must be a motivated self-starter with excellent interpersonal communication and problem-solving skills.
  • Excellent written / verbal communication and presentation skills are essential to synthesize information, make assumptions, and present key findings, conclusions and recommendations.
  • Demonstrated problem solving & project management skills.
  • Ability to work within tight timeframe's and meet strict deadlines.
  • Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization.
 
 

Experience


2+ to 5 years


This job is no longer active.

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