About this role
At Mill Creek Residential we are committed to building a diverse, equitable and inclusive workplace where our associates can grow and bring their whole selves to work. This starts with our recruiting and hiring process. We want you to know that we encourage you to apply if this job excites you, even if you don’t meet 100% of the requirements. You may just be the right candidate for this role, or another role and make your mark at Mill Creek.
Mill Creek Residential (“MCR”) is seeking a qualified candidate for the Senior Real Estate Finance Analyst position to provide critical property investment valuation, planning, analysis and reporting support for MCR portfolio investments in assigned real estate markets. This position will report to the Director of Real Estate Finance and support other members of the Real Estate Finance Team. This position will have regular interactions with executive management, including responding to direct inquiries, communicating results, and providing perspective on property investment analyses. A proactive and adaptive attitude is required for this highly visible role. The role will provide an excellent foundation for professional growth across various functional areas within residential real estate development.
Essential Functions
- Manage detailed investment financial models (property cash flows, joint venture waterfall structures) for properties in assigned real estate markets to support critical and time sensitive planning, reporting and analysis needs of MCR.
- Support development pipeline efforts for prospective property investment, including pro forma model changes and managing modeling assumptions for multiple underwriting scenarios.
- Review and understand property investment closing documents,
- Review and understand quarterly and annual residential property investment appraisals and other valuation report types (debt, purchase price accounting) used for financial reporting purposes.
- Research sub-market, market and industry trends and patterns.
- Provide investment model insight and recommendations to key stakeholders.
- Prepare investor presentations and property operating performance and investment return metrics.
- Assist in the preparation of Valuation Committee memorandums.
- Special projects
- All other duties as assigned.
Expectations
- Detail oriented with strong organizational skills
- Ability to analyze data and provide quantitative solutions.
- Ability to multi-task and manage a complex workload to meet reporting deadlines, and function in a fast-paced environment.
- Strong communication skills with the ability to effectively interact with senior leadership.
Required Experience and Minimum Qualifications
- Bachelor’s degree in finance, mathematics, accounting, or similar degree.
- Microsoft Office Suite, including advanced Excel-modeling skills.
- Minimum of 1-3 years of experience in real estate finance, investment analysis, or a related field, preferably in a multifamily development and/or acquisition business model.
- Knowledge of core real estate investment underwriting and valuation concepts.
- Experience modeling property cash flows and historical and projected GP-LP investor waterfall returns.
Preferred Qualifications
- Understanding of and ability to analyze company financial statements
- Programming experience, such as VBA/Macro-coding skills
- Experience with the use of Vena Solutions
Certifications (Optional but preferred):
- CFA–Chartered Financial Analyst (or aspiring candidate)
- Other relevant corporate finance and/or real estate professional certifications (e.g., CFI-FMVA, REFM).
About the Benefits of joining the Mill Creek Team
- Competitive compensation
- Comprehensive medical, dental and vision
- Employer sponsored short and long term disability, Life and ADD insurance
- 401k with employer matching
- Paid time off benefits: Vacation, Sick, Holidays
Mill Creek is an Equal Opportunity Employer
Are you ready to contribute to the success of Mill Creek Residential? If so, apply today and become part of an organization that believes in uncompromising integrity, celebrating successes, continuous improvement, and working hard, smart and together!
Other facts
About Mill Creek Residential
Mill Creek Residential develops, builds, acquires and operates high-quality rental communities in desirable locations coast-to-coast, including in Seattle, Portland, the San Francisco Bay area, Southern California, Arizona, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Nashville, Atlanta, the Carolinas, Washington, D.C., New Jersey, New York, and Boston. While we are a national company, we immerse ourselves in our local chosen markets to proactively pursue investment opportunities through our seasoned team of real estate professionals. We use our deep understanding of each market and a fresh, innovative approach to the rental home industry to create places where people thrive – and build real and enduring value for our investors, residents and associates.
Recognized as one of the Top Developers and Builders in NMHC's Top 25 List for the past several years, Mill Creek’s portfolio is comprised 128 communities totaling over 315000 rental homes that were operating or under construction as of June 30, 2023.
What you'll do
- The Senior Real Estate Finance Analyst will manage detailed investment financial models and support development pipeline efforts for prospective property investments. This role involves regular interactions with executive management and providing insights on property investment analyses.
Ready to join Mill Creek Residential?
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