Financial Analyst

Worcester Investments is a family-owned and operated real estate investment company based in Kansas City, Missouri. After being founded in 2006, the family business began acquiring rental property in Oregon, where they lived. In 2007, Worcester Investments expanded into the Midwest through a real estate connection and has continued to grow steadily each year.

Today, Worcester Communities oversees 3,000+ units across multiple cities, a testament to their strategic vision. Join us on our journey to redefine multifamily living and maximize investor returns.

Whew! Still with us? Cool. Let’s talk about where you’d fit in:

SUMMARY: The Real Estate Financial Analyst position affords direct participation in the deal structuring process, as well as the opportunity to work cross-functionally with other divisions of the company. Prior relevant work experience will help the candidate hit the ground running so that they can quickly expand their role and responsibilities.

DUTIES AND RESPONSIBILITIES:

• Primary duty is to underwrite multifamily value add deals at a fast pace to determine strike price for Letters of Intent to purchase on acquisitions; assist in pursuit and evaluation of new opportunities

• Determine capital expenditures value-add budget based on feedback from acquisitions team and selling broker, determine the return on investment

• Identify comparable properties for comp rents and sales comps

• Evaluate different financing structures for new and existing assets (debt and equity)

• Prepare presentations and backup support for meetings with senior executives; develop and present business reviews covering financial metrics including performance against stated objectives

• Obtain relevant market and submarket data for a property (including population and job growth, crime statistics, etc.)

• Track existing market deals and fundamentals to stay informed of market developments in order to identify new opportunities and trends

• Support asset management of real estate investments, monitor and analyze the financial performance of assets under management, update IRR calculations and proformas (Microsoft Excel} conduct hold vs. sell and lease analysis along with other duties and responsibilities.

• Assist in preparation of a business plan for lenders and internal approval

• Assist with all due diligence relating to new investments including the review of business plans, third party reports, title/survey, historical financial statements, leases, vendor contracts, and market research

• Update and improve underwriting processes to streamline acquisitions pipeline

SUPERVISORY RESPONSIBILITIES:

• This job has no supervisory responsibilities.

QUALIFICATIONS:

• Undergraduate degree in Business, Finance, Accounting or a related field is preferred

• Minimum one year experience in Finance, Accounting or a related field.

• Minimum of one year of analytical underwriting experience

• Advanced proficiency with MS Office Suite, Strong Excel skill sets with ability to generate complex Excel-based analyses; ability to underwrite with minimal supervision

• Strong work ethic, detail orientation, and organizational skills

• Flexibility in a fast-paced work environment

• Can prioritize work and has excellent time management skills

• Excellent oral, written, and interpersonal skills

COMPETENCIES:

• Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.

• Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.

• Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.

• Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.

• Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.

• Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.

• Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Occasionally required to stand

• Occasionally required to walk

• Continually required to sit

• Frequently required to utilize hand and finger dexterity

• Continually required to talk or hear

• The employee must occasionally lift and /or move more than 10pounds