Position Overview
NexCore 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.
NexCore Group knows that when we welcome different points of view, it makes us better, stronger, and moves us boldly forward in becoming a world-class company. That is why we’re proud to be an Equal Opportunity Employer and encourage all qualified talent to apply. Your application will be reviewed regardless of race, religion, gender, sexual orientation, national origin, disability, age, or veteran status.
If you are interested in applying for a position with NexCore Group and need special assistance or an accommodation to use our website, please contact HR@NexCoregroup.com Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
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