VP Transactions

VP Transactions

Requirements

• Eight to ten years of solid multifamily (including student) real estate finance analysis. Specialized experience in structuring, underwriting, and closing multifamily housing transactions.
• Strong communication and analytical/technical skills, including knowledge of financial modeling, cash flow analysis, and sensitivity analysis utilizing Net Present Value and Internal Rates of Return.
• Bachelor’s degree in Finance, Real Estate, Business Administration or other related field required.
• In-depth knowledge of origination, underwriting, closing and delivery of real estate development transactions.
• Excellent quantitative, problem solving, analytical and planning skills. Ability to easily and quickly shift between strategic and tactical thinking.
• Ability to coach and instruct others, in formal and informal settings.
• A spatial thinker who anticipates future opportunities and risks and plans and acts accordingly to drive positive outcomes. Possesses commercial acumen, at both enterprise and transactional levels.
• Ability to multi-task and prioritize work assignments. Flexibility and ability to work under pressure in fast paced, dynamic environment.
• Collaborative, innovative, creative and team oriented work style. Strong leadership and mentoring skills, and demonstrated success in motivating others and driving staff to achieve goals in a matrix environment.
• Strong presentation and communication (oral and verbal) skills. Ability to pay close attention to details while maintaining a view of the big picture issues and requirements.
• Strong working knowledge of Microsoft Office products; Financial modeling experience.

Responsibilities

• Work collaboratively with the development and property management teams to underwrite large scale institutional market rate multifamily and student housing ground up developments under various financing structures, including debt / equity and bond structures.
• Develop and continue to refine on an ongoing basis a template pro forma model of institutional quality, including all assumptions and other inputs developed from or in connection with other internal and external sources, proper design / operation of the model and the design and presentation of model outputs as required by both Michael Capital Markets and Finance teams. Develop template project running sheet or other method to track historical evolution of model and potential or alternative revisions under consideration.
• In collaboration with Regional leaders and developers, undertake quality assurance reviews of project specific pro formas to ensure that models reflect comprehensive underwriting, including reasonable appropriate assumptions, project specific commercial terms, integration of development, construction and operational expenses and assumptions and the completion of transaction specific sensitivity analysis.
• Market Research – Identify and survey project rent comparables, monitor supply/demand metrics and conduct all other required market research necessary to underwrite a project.
• Work closely with Michaels’ Capital Markets team to provide information necessary to assist in securing debt and equity financing for projects.
• Work with the EVP Development to prepare internal investment committee presentations.
• Lead and be active in the development of Transactions team.
• Assist CIO and CFO in ensuring current project projections are reflected in Michaels Development forecasts and business plans.
• Team-oriented. Work closely with Michaels Residential Regional business units as well as other Michaels’ companies and functions. Provide leadership, guidance and underwriting support.
• Operate within and promote an environment of trust and transparency, collaborating effectively, and contributing to the long term growth and success of the team.
• Understand the key Michaels / MR metrics.
• Maintain current knowledge of industry trends and changes required by regulatory agencies, investors and program guidelines.
• Perform other tasks/ad hoc analyses as required.

Preferred Qualifications

No preferred qualifications provided.