Job Type
Full-time
Description
The Director is primarily responsible for the financial modeling and feasibility analysis of new investment opportunities. This role focuses on identifying projects that meet ITEX's risk-return profile through rigorous financial modeling, underwriting, and market validation. You will act as the technical lead for all deal-related data, ensuring the Senior Vice President of Acquisitions and Development as well as the Investment Committee have an accurate financial roadmap for every potential acquisition or development.
Key Responsibilities
- Financial Modeling: Develop and manage complex dynamic models to test the feasibility of new construction and rehabilitation projects, including affordable, workforce, and market-rate housing.
- Detailed Underwriting: Lead the underwriting process for new opportunities, ensuring all assumptions regarding debt, equity, and operational costs are accurate and defensible.
- Business Development: Market our services in the form of RFPs or RFQs in order to secure further developments.
- Feasibility Reporting: Draft comprehensive project summaries and investment memos for the President, COO, and Investment Committee.
- Market & Due Diligence: Conduct deep-dive due diligence and market research to validate financial projections and project viability.
- Contractual Oversight: Manage and review financial/contractual agreements with lenders and investors throughout the project lifecycle.
- Cross-Functional Collaboration: Coordinate with Construction and Property Management to obtain real-world cost and operational data back into financial models to ensure ongoing profitability.
Requirements
Requirements: Knowledge & Skills
- Quantitative Mastery: Advanced proficiency in Microsoft Excel is essential, with a focus on building scalable models and performing sensitivity analysis.
- Technical Knowledge: Strong understanding of commercial real estate terms, documentation, and various deal structures (Multi-Family preferred).
- Analytical Communication: Ability to distill complex financial data into concise written and verbal reports.
- Self-Directed: Must be a self-starter capable of producing highly accurate, detailed work in a fast-paced environment.
Education & Experience
- Education: Bachelor's degree in Finance, Accounting, Real Estate Development, or a related field.
- Experience: 4-7 years of experience in real estate development.
- Specialization: At least 4 years of specific experience within the Multi-Family industry.
Physical Requirements
- Will be seated for extended periods of time
- Repetitive use of digits due to data entry on a keyboard
- Must be able to lift up to 25lbs
- Frequent bending stooping and reaching in all directions
