FIRST WASHINGTON REALTY LLC

Financial Analyst

About the Employer

Job Description

Job Description Job Description POSITION SUMMARY : The Financial Analyst performs commercial retail&other real estate valuation and sensitivity analysis (Argus and Excel) to support the quarterly consolidated portfolio valuation. They study industry market trends, analyze cash flow projections and assumptions, create reports, and develop recommendations to support our business strategies. ESSENTIAL DUTIES AND RESPONSIBILITIES: Review, audit and summarize third-party appraisal reports. Develop and refine detailed Argus and Excel financial models/valuation, projections, and databases while applying sound understanding and use of finance and valuation techniques. Detailed understanding of key valuation methodologies with a focus on discounted cash flow analysis and comparable company analysis. Maintain solid knowledge of covered markets via study of industry news events and articles of macro/micro economic forces. Stay informed about real estate market trends and changes that could impact the business. Conduct competitive market research and analyze comparable sales, rents, amenities, locations, and analyze industry trends to inform business decisions. Demonstrate resourcefulness by seeking out new and creative sources of information. Participate in calls and meetings with management teams and third-party appraisers. Professionally represent FWR to the broader real estate community (e.g., appraisers, brokers, bankers, and other service providers). Develop and maintain relationships with key stakeholders, including customers, suppliers, and partners. Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders. Collaborate with other departments to ensure data accuracy and consistency. Work with cross-functional teams to support various business initiatives. Work with asset management personnel to ensure all leases are financially structured to maximize profitability for the quarterly valuation model while minimizing risk through financial modeling and analysis relative to underwriting, budget, and market conditions. Such analysis includes an assessment of credit risk, which includes the capture, catalog and comprehensive review of tenant financial statements including income and expense statements, balance sheets, statements of cash flows, tax returns, etc. Work with investments&asset management personnel in the acquisition of new assets or disposition of existing assets within the retail portfolio, as needed. Ensure accurate and timely submittal of management reporting on the portfolio: review of third-party reports as well as assisting in the compilation of internal asset management portfolio reports. Prepare reports and presentations to communicate findings and recommendations to senior management. Participate in ad-hoc requests that support annual budgeting and quarterly forecasting processes. Provide intra/inter-department training and review assistance, as needed. Timely execution of ad-hoc special projects and administrative tasks, as needed. Adhere to all applicable professional and ethical standards. QUALIFICATIONS, KNOWLEDGE AND SKILL REQUIRED: Bachelor’s degree in real estate, Accounting, Finance, Economics, Statistics or related field required. 2-4 years of experience in real estate valuation, underwriting, and/or financial analysis. At least 1 year of experience in Argus modeling. Highly proficient in Argus, Microsoft Office, particularly Excel, PowerPoint and Power BI. Knowledge of real estate market trends and data analysis tools such as CoStar, REIS, Placer, etc. Strong analytical skills, proven acumen in financial modeling or real estate underwriting including the ability to identify trends and patterns in data. Meticulous attention to detail in analytical assessments and valuations. A high level of organization and time management skills. Ability to show ownership of your work, take on challenges, and demonstrate patience when learning new processes. Flexible attitude with the ability to handle change effectively. Strong propensity to take initiative with minimal direction. Demonstrates creativity, intellectual curiosity, and resourcefulness. Able to work well both independently as well as in a team environment. Shows courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders. Excellent verbal and written communication skills; comfortable on the phone with third-party appraisers and others. Ability to multi-task effectively during time sensitive situations while maintaining accuracy. Ability to work in a fast-paced, deadline-driven environment. PHYSICAL AND ENVIRONMENTAL REQUIREMENTS: Requires the use of a computer screen for extensive periods of time. Occasional lifting of 15 to 20 lbs. Extended working hours and travel may be necessary. Up to 5% of travel may be required. The above statements are intended to describe the general nature and level of work being performed by the individual(s) assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. First Washington Realty is an equal opportunity employer and does not discriminate on the basis of race, color, religion, national origin, gender, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other status protected by law.