CEDARst Companies is a real estate investment and development firm focused nationally on market-rate development in urban in-fill locations. The firm has 6,000 units completed or under development across nine markets with $4B in asset value. CEDARst is headquartered in Chicago with regional offices in San Diego and Miami.
POSITION SUMMARY
Analyst ("the role") will report directly to the Chief Financial Officer and is responsible for performing core capital markets and asset management functions.
The role will work closely with the capital markets team and asset management teams to ensure executional excellence as properties transition from construction to asset management and property management operations. This role will also be essential in performing the administrative tasks necessary to effectively and efficiently onboard investors into CEDARst's infrastructure that come through the broker-dealer channels for various funds/properties. Additionally, the role will be tasked with closely managing the property management team at each individual asset in addition to any other key asset specific 3rd party relationships such as commercial brokers, lenders, VISTRA (transfer agent), etc.
JOB DESCRIPTION
Assist with CEDARst accounting to reconcile Juniper Square Capital Activity and Financial Statement Equity on a monthly basis for stabilized portfolio.
Maintain, update, and ensure accuracy of investor portal database (Juniper Square)
Input each investor's information into Investor Portal on at least a weekly basis for all broker-dealer investors.
Audit fund investments, check subscription documents, label and save down to offline drives and upload to Juniper Square.
Prepare investor reports for each property and fund reports.
Cross-check and audit third party databases to ensure accurate investor information.
Communicate with investors, broker dealers, RIA, financial advisors with issues with portal issues, field and delegate questions related to investments.
Pull documentation (subscriptions, assignments, etc.) for capital markets team.
Input/update distribution instructions for investors and advisors, prepare distribution files and check that distribution files are accurate between databases.
Manage communication between Finance/Asset Management Teams, Capital Markets, and Ownership pertaining to capital events at assets.
Maintain Fair Market Value and NAV Valuations for Custodian Held Accounts in Juniper Square.
Assist tax accountants with compliance-related requests depending on various fund structures.
Special projects as assigned.
Assist CFO with management of a diverse portfolio of real estate assets, including residential, commercial, self-storage, and mixed-use properties.
Conduct comprehensive financial analyses, including budgeting, forecasting, property specific stabilization plans, cash flow proformas, and performance monitoring, to drive asset value and profitability.
Provide in-depth property level reporting off annual budgets. Analyze property performance metrics and market trends to make data-driven decisions.
Prepare and present detailed reports on asset performance, market conditions, and strategic initiatives to senior leadership and stakeholders.
Maintain a thorough understanding of broader sub-market trends and constantly benchmark property performance to comp set. Conduct market research to stay informed about local real estate trends, local governmental compliance, competitive landscape, and emerging opportunities.
Responsible for operation oversight of property conditions. Closely manage property management operations to ensure high quality property maintenance, tenant satisfaction and adherence to company policies.
Develop and implement strategies for asset enhancement, including capital improvement projects, renovation plans, and leasing strategies.
Work directly with 3rd party commercial brokers to market vacant retail space, negotiate LOI's and manage tenant relationships beyond lease execution.
Lead and review the planning for critical capital events including property refinance, distributions, equity recaps, and property sales.
Work closely with property management, leasing, and development teams to ensure alignment on objectives and execution of strategies.
Track and report on key performance indicators (KPIs) such as occupancy rates, Google score, rent collection, retention, rental income, NOI, and operating expenses. Identify areas for improvement and implement corrective actions as needed.
Conduct regular physical inspections of each property in assigned portfolio to develop a thorough understanding of each property, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement.
Identify potential risks and develop mitigation strategies to protect asset value and company interests.
Update and maintain the valuation templates of stabilized portfolio on quarterly basis.
REQUIREMENTS
Bachelor's degree (or equivalent) preferably in Accounting, Finance, Real Estate, Economics or other relevant areas.
Firm understanding of traditional real estate cash flow.
Thoroughness and exceptional attention to detail.
Generally understanding of development process, capital markets, design-build construction industry, and brokerage community and how these groups relate to one another.
Strong self-starter with the ability to work without much daily direction who thrives in a fast paced, dynamic environment with multiple and evolving priorities and deadlines.
Ability to distill complex analyses into meaningful takeaways and communicate findings both verbally and in writing.
Solid knowledge of statistics and financial analysis techniques as they apply to real estate projects, and strong working knowledge of financial transaction structures in lease, sale, and investment packaging.
Excellent interpersonal, verbal and written communication skills. Results oriented, entrepreneurial and self-motivated team player
Strong negotiating and marketing skills.
Should have personal qualities of persistence, diplomacy, and organization.
Proficiency is Microsoft Excel, Word, and Power Point.
Proficiency with Argus, Salesforce CRM (or alike), Juniper Square and Funnel, a plus.
Excel-based case study may be required.
BENEFITS
CEDARst is an equal opportunity employer. This position requires successful completion of a background check and drug test. Benefits include:
Market-plus compensation, including base and bonus