OverviewAvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
As part of the company's Capital Markets department, this position will be a key contributing member in the areas of debt capital markets and treasury management. This person will have a key role in supporting the Vice President of Capital Markets in the origination and management of the company’s debt, including obtaining consents from lenders, becoming an internal resource for all secured debt related matters, preparing loan abstracts, making recommendations as to optimal timing for the repayment and refinancing of outstanding debt, assisting with liability management analysis, hedging strategy, and forecasting interest expense and income. Ultimately this person will grow into responsibilities for managing the company’s debt maturity schedule including the origination and management of unsecured debt. In the area of treasury management, this position will maintain and further develop the company’s relationships with its lenders and assume responsibility for liquidity strategy and execution including corporate cash forecasting, coordinating acquisition and disposition funding, managing the Company’s revolving line of credit, commercial paper program, and cash investments. Additionally, this position will be responsible for forecasting the company’s debt metrics, covenant compliance ratios, and other ad hoc analysis, including regular capital markets updates and presentations for executive management and the board of directors. This person will participate in and be a key strategic thought leader and analytical resource in support of executive financial decisions regarding the company’s debt and treasury management and financial forecasting.
- Daily liquidity management including cash forecasting, trading commercial paper, managing line of credit activity, and cash investments in collaboration with the Capital Markets Analyst.
- Represents Finance on asset acquisition and disposition transaction executions, including 1031 transactions, in collaboration with the Investments, Tax, and Legal teams. The position will assist in settlement statement preparation and coordinating funding.
- Manage relationships with banking partners including periodic updates, evaluating new products and structures, and providing internal recommendations.
- Facilitates annual budgeting, quarterly reporting requirements, ongoing forecasting, and scenario analysis of cash outstanding and interest expense and income.
- Forecast the company’s debt metrics, covenant compliance ratios, and other ad hoc analysis, including regular capital markets updates and presentations for executive management and the board of directors.
Minimum Qualifications:
Education:
- Bachelor’s Degree in Finance or Accounting required.
Experience:
- 3 – 5+ years of progressive responsibility in treasury management analysis and secured debt administration.
Knowledge, Skills and Abilities:
- Reads and writes English as demonstrated by clear and concise written and verbal communications, including group presentations on function-related subject matter and writes reports in a clear, concise form.
- Utilizes all Microsoft Office applications, including expert knowledge building and working within financial models in MS Excel.
- Creates financial models, performs mathematical analysis and analyzes complex data related to forecasting, quantitative and financial modeling, and rate of return analysis.
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