The primary purpose of the Financial Analyst position is to assist in the oversight and management of Inland Real Estate Investment Corporation portfolio of self-storage real estate assets. This position is directly responsible for assisting the Vice President of Self Storage and Senior Vice President of Commercial Asset Management in the analysis of business opportunities related to financial operations, financial analysis, potential dispositions, and special projects. The goal is to analyze the performance, opportunities, and strategies of the company’s managed self-storage programs in a timely manner.
CORE RESPONSIBILITIES:- Performs complex financial modeling, analyzes the data, and develops financial reports for planning, forecasting, and trending and variance analysis to actual results on asset performance.
- Provides analytical and daily asset management support on a portfolio consisting of self-storage property types located in multiple markets. Specifically, modeling investment yields, NPV, IRR and valuations of real estate investments under management.
- Tracks the current financial progress of the existing assets/properties against their forecasts to make sure programs are on track; recommends adjustments to the forecasts and reports any variances to senior management.
- Reviews and updates operating expenses; evaluates financial strength of tenants, market rental rates, vacancies and demographics.
- Researches real estate markets to assess market demand, potential for demand and rate growth, competitiveness of comparable properties, and risks presented by new supply.
- Assists in answering investor and advisor questions, participates in preparing investor letters and notes for investor conference calls.
- Assists in loan document reviews from application to final execution.
- Reviews and monitors legal documents such as management and leasing agreements, partnership agreements, loan documents, private placement memorandums, etc.
- Work with third party property management groups and accounting to create annual budgets for each property; analyzes expenses and projects for the future year; communicates discrepancies to appropriate team.
- Assist in disposition process including analysis, correspondence with brokers, gathering and distributing due diligence materials, and the closing process.
- Some travel may be required to perform periodic property site inspections. Travel may include day and overnight travel for 1-3 days.
QUALIFICATIONS:- This position requires a Bachelor’s degree (B.A.) in Finance, Accounting or Economics from a four-year college or university or equivalent professional knowledge and/or work experience.
- Zero (0) year up to two (2) years of prior professional accounting or finance experience, preferably in a real estate environment.
- No certifications/licenses are required for this position.
SKILLS:- Self-motivated with the ability to work both autonomously and with a team.
- Intermediate skills in Microsoft Word, Outlook, PowerPoint, and Adobe Acrobat are a plus.
- Intermediate Excel skills are required for this position.
- Thorough understanding of finance concepts such as NOI, cash on cash returns, IRR, present value, discounted cash flow is strongly preferred.
- Candidate must have good analytical skills and problem-solving skills.
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