Investment Analyst

Pensam is a national real estate investment firm which manages a growing portfolio of multi-housing properties across the United States. Pensam encompasses all aspects of real estate property ownership and investment, including: acquisition, financing, construction, repositioning and property management. Pensam has invested in over 35,000 units.

Job Description:

• Underwriting potential new acquisitions and dispositions, structured finance investments, and recapitalizations.

• Leading due diligence investigation process from deal origination through closing and post-closing on bridge loans, preferred equity, acquisition/ disposition as well as internal (recapitalization, refinance, supplemental loan) transactions:

• Overseeing underwriting, due diligence and various special projects, often incorporating joint venture structures and debt financing.

• Creating new or modifying the existing checklists based on the transaction and the deal structure and update them as the transaction progresses.

• Administering a thorough due diligence review of assets under contract for purchase utilizing interdepartmental cooperation and outside consultants.

• Order/ review third-party reports including but not limited to title, survey, zoning letters, appraisals, and environmental studies. Reconcile/ summarize financial and non-financial data for the transaction. Preparing internal due diligence reports from data gathered during the analysis.

• Organizing and maintaining due diligence filing systems, file correspondence and other due diligence related records.

• Interacting closely with clients, attorneys, third party vendors, city authorities, underwriters, team members, and others as needed. Coordinate site visits. Strong follow-up abilities.

• Assisting with on-site property due diligence (may include traveling)

• Providing analytical support for cash flow, conducting market research, gathering relevant market data and preparing market surveys by analyzing basic market economic and real estate fundamentals (supply/demand trends) across multiple markets in the United States.

• Models/ Underwriting

• Creating Excel-based models which present pro forma investment returns, partnership distribution waterfalls and property valuations.

• Managing, maintaining and continuously improving financial models and databases used in the forecasting and planning process.

• Gathers site, neighborhood, and city/ market data including demographics, sales and rent comparable, absorption surveys and occupancy studies.

• Analyze operating history, property rent roll, and other financial information.

• Research property taxes to verify payment, outstanding taxes, exemptions and appeals.

• Assist in written and oral responses to internal and external parties.

• Presentations

• Preparing investment committee and communication documents supporting recommended investment activities.

• Creating and producing presentations and marketing materials for external and internal purposes for new deals, often under limited time constraints.

• Presenting due diligence findings to investment committee.

• Participating in transferring project responsibility and asset information to the asset and property management staff.

• General office and administrative support as necessary.

• Other related duties as required.
  
  Experience and Qualifications:

• Undergraduate degree in finance, real estate, economics, or a related discipline. Graduate degree is a plus.

• 3+ years of experience as an analyst or associate for a real estate investment firm, investment bank, or other similar organization with meaningful experience in asset management and problem solving.

• Experience conducting real estate investment due diligence preferable.

• Solid understanding of real estate investment financial modeling.

• Exceptional analytical and critical thinking skills along with excellent written and verbal communication skills.

• Outstanding financial modeling skills, with demonstrated experience in building complex financial models in Excel from scratch.

• Direct experience in preparing comprehensive investment memoranda and making investment recommendations.

• Ability to work independently with limited supervision and a goal-oriented disposition with a high degree of determination to complete assignments promptly, find solutions, and add value.

• Outstanding organizational skills, a detail-oriented nature, and ability to multi-task.

• Ability to work efficiently and accurately under pressure and in a fast-paced environment, ability to prioritize and meet deadlines.

• Strong computer knowledge and proficiency with Microsoft Office applications, in particularly Word, Power Point, Outlook and Excel, needed. Aptitude preferred for Adobe, familiarity with Salesforce is a plus.

• Ability to travel for site inspections is required (not frequent).

• Ability to maintain sensitive and confidential information.

• Ability to maintain positive attitude in all situations.

• Customer service oriented.

• Demonstrated work ethic and willingness to work extended hours when necessary.