Position OverviewNexCore Group is searching for a candidate to fill the position of Analyst within our growing Asset Management team. The Analyst will support the financial oversight of our operating properties and developments, with a focus on budget and financial statement review, cash flow forecasting, debt covenant monitoring, and reporting to capital partners and the NexCore senior leadership team.
This position is ideal for a recent graduate or early-career professional with an analytical mind, strong Excel skills, and a strong work ethic who is seeking a career-building opportunity with exposure to nearly all aspects of an established, vertically integrated real estate company that develops, owns and manages its properties, from ground-up development through stabilized operations.
Key Responsibilities- Review monthly financial statements for Senior Living communities, prepare budget variance analysis, and explain key drivers of occupancy, rate, labor costs and NOI
- Track occupancy, census, move-ins and move-outs, and prepare weekly activity reports for capital partners
- Prepare monthly executive summaries for each community in coordination with our operating partner
- Maintain Excel models and reports that track operating and cash flow results, operating forecasts, and debt compliance
- Monitor cash balances and forecast cash needs for operations and capital projects
- Prepare distribution calculations and model disposition scenarios
- Calculate debt compliance covenants (DSCR, debt yield, LTV) and flag potential risks ahead of test dates
- Assist in the review of annual operating budgets and capital plans prepared by the operating team
- Gather market data to better understand local markets (occupancy and rate trends, competition, supply pipeline, and absorption)
- Support the Life Science portfolio by reviewing budgets and financial statements, tracking tenant improvement and leasing costs, and monitoring cash needs and debt covenants
- Build effective working relationships with internal departments (i.e. accounting, operations, legal, and finance) and our operating partners
- Work on ad hoc projects and requests as needed
Skills, Knowledge, and Expertise- Bachelor's degree in accounting, finance, commercial real estate, or a related field
- 0-2 years' experience in real estate, financial analysis or accounting; relevant internships count. Senior housing experience strongly preferred; exposure to life science, office or multi-family is a plus
- Strong Microsoft Excel skills; familiarity with Yardi or ARGUS is a plus
- Excellent analytical skills, attention to detail and strong organizational skills
- Clear written and verbal communication; comfortable working with senior members of the team and outside partners
- Self-starter, able to work independently or in a team environment
- Adaptability - maintains effectiveness across varying tasks, responsibilities and people
- Learning on the Fly - learns quickly when facing new problems, is open to change, and enjoys the challenge of unfamiliar tasks
- Interpersonal Savvy - relates well to people inside and outside the organization with diplomacy and tact
- Time Management - uses time effectively and can juggle multiple monthly deadlines
Benefits- Compensation: $75,000 - $90,000 / year
- Eligible for discretionary benefits: performance bonus
- Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
Disclaimer:
To All Recruitment Agencies - NexCore Group does not accept unsolicited third-party resumes.
