Position: Investment Analyst, Asset Management
Status: Exempt
Department: Asset Management
Reports to: SVP & Co-Director, Asset Management
JOB OVERVIEW: Candidate will support the Asset Manager (“AM”) managing the Texas territory based out of the Newport Beach office. Candidate will also work with KBS Regional Presidents in similar capacities.
The primary responsibilities for the position are to work with the AM to maximize the value of existing assets in the portfolio, expand the portfolio through acquisitions, and execute property dispositions. As part of the role and in support of the AM, the candidate will identify and underwrite new acquisition opportunities, oversee a portfolio of assets (some of which include multiple buildings) with respect to the overall financial performance, day to day operations, and manage the local property level teams.
ESSENTIAL JOB FUNCTIONS:
General Asset Management Duties: Interaction with property management, leasing and construction management teams, tax consultants, amongst others, oversite and review of monthly property performance reports, complete quarterly valuations, coordinate and review annual budgets, prepare annual business plans, review and approve CAM reconciliations, lease analyses, and performance of other special projects, research and other duties related to the day to day operations and overall performance of the assets.
General Acquisition Duties: Deal screening and underwriting, preparation and modification of Argus files and corresponding Excel investment templates, understanding the physical aspects and the market positioning of the opportunity, preparation of the Investment Committee memorandum, and coordination with other team members, including our internal debt and due diligence teams.
General Disposition Duties: Quarterbacking the process alongside the AM from start to finish, including developing the Sales Recommendation memorandum, selecting and working with the investment sales broker, coordination of the offering materials and due diligence items, and overseeing property management and accounting efforts to ensure a smooth disposition and closing.
Other Duties: Perform special projects, research projects and any other duties as assigned.
QUALIFICATIONS:
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Bachelor’s degree required, ideally in finance or accounting; relevant graduate degree a plus;
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Understanding of the principals involved in accurate modeling of cash flow;
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Understanding of commercial real estate lease issues;
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Understanding of financing principles and basic capital structures (e.g. debt and equity);
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Strong oral and written communication ability – to collaborate in a team environment
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Creativity – a sense of urgency – ambition – proactive mindset: all are imperative.
HIGHLY DESIRED:
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2+ years of experience working with a real estate investment or brokerage firm
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Expert command of Argus Enterprise, Excel, etc. – accuracy and attention to detail is essential;
TRAVEL REQUIREMENTS:
Candidate may expect to travel with and without AM to visit the assets and property level teams approximately twenty percent (10%-15%) of the time. Additional travel may be required when working on acquisitions.
PHYSICAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to walk, talk, see, and hear. Sits for extended periods of time at a computer station or work desk; stands and walks regularly throughout the day; uses hands and fingers to operate computers and office equipment for up to 8 hours each day; occasionally light lifting (up to 10 lbs.); exposed to typical office environment conditions. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perceptions and the ability to adjust focus.
MENTAL EFFORT:
Ability to work independently, prioritize duties to ensure timely completion of job duties. Requires active listening, critical thinking making decisions and time management and training skills, as well as administration and management skills. Ability to interact in a courteous and professional manner at all times. Ability to be proactive and work independently (at times) is critical, but at the same time we are part of a much larger teams so the ability to collaborate is also imperative.
WORKING CONDITIONS:
Indoors environmentally controlled; contact with others; face to face discussions.
HEALTH AND SAFETY RESPONSIBILITIES:
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Take reasonable and necessary precautions to ensure personal and others health and safety.
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Report to management or follow procedure as established in Safety Program any and all conditions that may be affecting the safety and health of the workplace.
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Report to management all occurrences that cause injury or damage to any person or property.
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Comply with the Company Safety Program, Policies and Procedures.
REPORTING STAFF:
None.
NORMAL WORKING HOURS:
Monday to Friday – Business hours. Schedule may vary based on business demands.