Senior Associate, Due Diligence

Responsibilities

• Develop and maintain detailed financial models to support the underwriting of potential acquisitions, development, and structured finance transactions.
• Ability to recognize key risks or non-standard components of a transaction through review of 3rd party reports, deliverables and through comprehensive review of assets.
• Work closely with senior management and have extensive interaction with the real estate community, including sellers, developers, lenders, brokers and third-party vendors.
• Travel to project sites and work with capital maintenance teams to evaluate asset conditions, including potential code violations and any necessary repairs or other major capital needs.
• Lead and collaborate with cross-functional teams to conduct thorough due diligence including legal, financial, and physical aspects.
• Lead the preparation of investment memoranda, presentations, and other materials for internal and external stakeholders.

Requirements

• Bachelor's degree (B.A./B.S.) from a four-year college or university in business administration, finance, economics, real estate or related field.
• 5+ years of related experience in multi-family real estate due diligence, asset management, or in a financial analysis role.
• Experience with the California or Washington multi-family real estate markets preferred.
• Strong financial and analytical skills.
• Ability to prioritize and manage a variety of tasks within a tight time schedule.
• Strong communication skills, including an ability to compile written materials and present underwriting to Company leadership, as well as the ability to efficiently coordinate various teams across the Company.
• Proficiency in Microsoft Office, Yardi, and Adobe.
• WHAT THE JOB REQUIRES:
• Operates in a fast-paced work setting. Requires the ability to multitask and adapt quickly to changing priorities. May involve tight deadlines and high-energy work situations.
• The position includes in-person work requirements consistent with the hybrid policy located at Essex's corporate offices in Woodland Hills or Irvine. The hybrid policy is subject to change at Essex's sole discretion.
• Requires the ability to sit or stand for extended periods. Minimal physical effort in the day-to-day tasks.
• This role requires occasional travel throughout California and Washington state.
• WHAT YOU WILL BRING TO THE TABLE:
• Ability to comprehend, analyze, and interpret real estate documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.
• Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines.
• #LI-Hybrid
• #LI-AA1
• Essex

Benefits

Additional Information

City Irvine State California Job Location Irvine Regional Office (Derian) Position Type Regular Essex is looking for an organized and detail-oriented Senior Associate of Due Diligence. The candidate will be responsible for leading the transaction due diligence process from inception to close, performing deal underwriting, leading property inspections, coordinating due diligence deliverables from internal and external teams and presenting to Essex's Senior Leadership Team. The candidate must be able to work independently, work on multiple deals and accurately and thoroughly complete tasks, including developing budgets and coordinating property management transitions.

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