Financial Analyst

Job Locations US-PA-Philadelphia
ID
2021-1277
Category
Accounting/Finance
Type
Full Time
Location : Location
US-PA-Philadelphia
Org Data : Name
Pennrose Corporate Office
Location : Postal Code
19121

Overview

Responsible for multi-family real estate budgeting, financial analysis and special projects in support of new business development, transition and asset management. Develops budgets and analysis using financial modeling tools.  Prepares, analyzes, and distributes internal and external financial reports and analysis.  Assists the Manager of Transition Accounting and other cross functional teams in complex financial projects. 

Responsibilities

Duties and Responsibilities 

  • Support the development and transition teams with creating property operating budgets for potential real estate projects, RFP/RFQ submissions, tax credit applications and stabilized operations.
  • Assists with budget analysis in support of new business development.
  • Develop and review revenue, expense and operating assumptions surrounding new projects and make recommendations surrounding revenue maximization and cost control.
  • Work with state and agency specific budget models in support of tax credit applications and stabilized operations.
  • Work closely with banks, investors, and auditors on mortgage conversions and equity installments.
  • Provide day-to-day analytical support to management including breakeven cash flow projections, reconciliation of lease up operations, reforecasts, projections, debt sizing, and subsidy analysis.
  • Support of asset management with benchmarking and other analysis.
  • Undertake other special projects and assignments in support of the finance team.

 

 

Performance Metrics

  • Timely support of development, transition and accounting teams with processes surrounding tax credit application, mortgage conversions, equity installments and other transactions.
  • Accuracy of periodic reporting and analytical assignments.
  • Ability to work in fast paced environment with multiple projects at one time and with different team members across the company
  • Success of tax credit application process along with timeliness of completing mortgage conversions and equity installments
  • Positive feedback from internal and external customers.

Qualifications

Required Education and Experience:

  • Bachelor’s degree in finance, accounting, real estate or other applicable discipline.
  • Real estate accounting and analysis experience highly desirable.
  • 2 or more years’ experience
  • Proficiency in financial modeling and expertise in Excel
  • Requires valid driver’s license, insured vehicle and ability to travel (properties, offices, agencies, etc.)

 

 

Working Conditions:

  • This person will work in office areas.
  • Ability to work periodic flexible hours is required. 
  • Ability to perform in a busy, multi-tasking work environment.

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