Job Description
GENERAL DESCRIPTION:
This position is primarily responsible for providing financial and operational analysis, asset valuation and strategic planning support for all aspects of High Real Estate Group (HREG) including High Hotels (HHL). This position provides financial support in the acquisition, development, management and disposition of assets in the HREG portfolio. This position also provides significant support to the annual budgeting, forecasting and strategic planning processes and requires continuous communication and interaction with team members in all HREG-related SBUs and SRUs.
KNOWLEDGE, TRAINING, AND/OR EDUCATION REQUIRED:
This position requires a level of knowledge and experience in one or more of the following areas: financial planning and analysis, valuation methods, market research, project management, and accounting. Specific areas of required knowledge and experience include strategic planning, financial modeling and analysis, variance analysis, asset valuation, capital structures and formation, and property/asset management. Market analysis skills required.
Experience: Minimum 3 years in a role as a financial analyst or consultant.
Training: Experience with integrated financial systems (SAP, MRI, ProfitSage) and Microsoft Office (Excel, PowerPoint, Word) programs. Very strong Excel modeling, charting and graphics skill set. Experience with Argus is a plus. Strong verbal and written communication and presentation skills. Proficient market research experience with the ability to independently collect and evaluate economic and local market data.
LICENSE, CERTIFICATES OR REGISTRATIONS REQUIRED:
An undergraduate degree in Accounting or Finance with an MBA in the other discipline preferred, or comparable industry experience. Knowledge of real estate industry preferred.
DIMENSIONS (SALES VOLUME, TOTAL EMPLOYEES REPORTING, PAYROLL, ETC.):
This position will be involved in all aspects of the lifecycle of real estate investments including strategic planning, budgeting, acquisition, development, financing, and disposition for the HREG portfolio. The HREG portfolio is currently valued at over $1 billion, with current acquisition/development volume projected to be over $500 million.
REPORTING RELATIONSHIPS:
This position reports to the Director of Financial Analysis. Works closely with the Vice President, Finance & Accounting, President & COO of HREG and Senior Vice Presidents as well as Accounting and Finance coworkers.
ESSENTIAL JOB FUNCTIONS:
Fundamental job requirements, which an individual must be able to perform in order to accomplish the basic duties of the job.
- Acquisitions/Developments:
- Participate in financial underwriting analyses for all non-hotel asset classes.
- Participate with the Director of Financial Analysis, President and Senior Vice Presidents in due diligence process for all non-hotel asset classes.
- Develop competitive market analysis, analyze market trends, conduct feasibility analyses, and synthesize supply/demand projections.
- Support the Director of Financial Analysis, President and Senior Vice Presidents in updating market research to identify target markets.
- Assist with preparation of loan request financial information for all asset classes.
- Assist in monthly reporting of all new construction and acquisition projects through stabilization.
- Assist in producing Investment Committee and Board reports.
- Dispositions:
- Prepare due-diligence materials for approved dispositions.
- Support President/Senior Vice Presidents with required information to effectuate dispositions.
- Strategic Asset Plan:
- Work closely with President and Director of Financial Analysis to develop models which reflect current strategy and forward-looking expectations.
- Develop the financial analysis for each asset to prepare the annual Strategic Plan.
- Coordinate the consolidation and maintenance of the Strategic Plan, including presentation and supporting files.
- Budgets/Operations:
- Support the annual asset and operating company budget process. Review and consolidate reports and create presentations for management and Board.
- Assist in the development of Excel models, which simulate financial and operational scenarios, and the interpretation/analysis of the results.
- Participate in the annual market valuation of the portfolio.
- Financial Data and Systems:
- Understand how data is generated and used throughout all financial systems
- Provide oversight on data quality and provide feedback to data owners when there are discrepancies
- Ability to adjust financial models to address instances where incomplete data exists
- Maintain and continually enhance underwriting models, scenario analyses and other analytical tools used in the management of the portfolio.