Multifamily Financial Analyst

$60,000 - $70,000/Yr

Concord Management Company - Maitland, FL

posted about 2 months ago

Full-time - Mid Level
Maitland, FL
Real Estate

About the position

ConcordRENTS is a distinguished leader in providing a quality and customer-centric property management experience with a focus on affordable and market rate multifamily communities throughout Florida. Our continued success is based upon our exceptional team members. Join ConcordRENTS to advance your career while working for a company with over a 30-year history investing in maintaining our community and our team members while also enjoying industry-leading starting wages. In addition, we offer rental discounts ranging from 20% to 50% at participating communities for select team members. Our team members' commitment to the company is strengthened by ConcordRENTS belief that everyone has a right to earn a living wage and prepare themselves for a secure retirement. ConcordRENTS is proud to make continued investments in our valued team members by offering a rich 401-K program that includes a company match of up to $5,250 per year. Our 401-K program offers a company match of 150% on the first 3% invested by an eligible team member, with additional matching up to $5,250 annually. Team members joining us with industry experience sometimes cite lack of investment by their previous organizations as a motivating reason to make a career change. The basic purpose of the Multifamily Financial Analyst position is to partner and provide support to Operations on key financial processes including, but not limited to monthly financials, future operating income, cash flow projections, and other financial metrics. Information obtained from such efforts will be used to assist the Senior Leadership Team and Owners with evaluating business results and issues in a timely, effective, and efficient manner. This position is responsible for organizing meetings, providing financial data to Operations, and documenting issues in a clear and concise manner that will assist Senior Management with the overall management of our real estate assets. The Multifamily Financial Analyst will assist with rental pricing in markets where Concord has an opportunity to increase rental and ancillary income fees or improve occupancy through pricing based on trends in the market. Responsibilities will also include working with the marketing team to gather and report on customer-related information and the community staff to implement pricing strategies at the unit level. The analyst will provide detailed and high-level reports to Senior Management on a variety of topics including both financial and non-financial information on a regular and ad-hoc basis. This position requires a good working knowledge of Yardi, Navision, Microsoft Excel, and Jet Reports. Additionally, the analyst will assist in the development of community-level annual budgets, annual projections, and five-year plans including all revenue accounts, operating expenses, non-operating expenses, and debt costs. The position also requires the skills necessary to consolidate budgets and provide reporting on cause of change issues. Possessing a good working knowledge of Concord's operating policies and procedures is essential to evaluate effectiveness and suggest improvements that will drive additional income and/or reduce operating expenses to improve overall profitability and cash flow for the communities. Other special projects and tasks will be assigned as needs are identified.

Responsibilities

  • Meet with Operational Leaders on a monthly basis to review financial performance, future projections, market survey data, and other key financial data on Concord's portfolio of communities.
  • Organize meetings, provide financial data to Operations, and document issues clearly to assist Senior Management with the overall management of real estate assets.
  • Assist with rental pricing in markets to increase rental and ancillary income fees or improve occupancy based on market trends.
  • Work with the marketing team to gather and report on customer-related information and implement pricing strategies at the unit level.
  • Provide detailed and high-level reports to Senior Management on various topics including financial and non-financial information on a regular and ad-hoc basis.
  • Assist in the development of community-level annual budgets, annual projections, and five-year plans including all revenue accounts, operating expenses, non-operating expenses, and debt costs.
  • Consolidate budgets and provide reporting on cause of change issues.
  • Evaluate effectiveness of operating policies and procedures and suggest improvements to drive additional income and/or reduce operating expenses.

Requirements

  • Proficient in Microsoft Excel, Yardi, and Navision.
  • Bachelor's degree in Business or related discipline.
  • 1-2 years of property management or financial analyst work experience required.
  • Familiarity with Yardi to run reports and evaluate results.
  • Ability to speak, read, and write English for safety and productivity reasons.

Benefits

  • 401(k)
  • 401(k) matching
  • Rental discounts ranging from 20% to 50% at participating communities
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