Intern - Financial Planning & Analysis (Finance & Accounting Majors)

Simon Property Group; Indianapolis (IN); On-site; USD 90,000 - 140,000; Full time

Job summary

Simon Property Group is seeking a financial analyst to support capital investments including new developments, renovations, expansions, and acquisitions at our Corporate Indianapolis location.

The role involves preparing budgets and pro formas, evaluating investment yields, and interacting with developers, leasing reps, and construction managers to resolve issues and inform strategic bids.

Responsibilities

• Development Related Tasks
• Prepare development budgets, project pro forma income, and estimate rate of return for new developments, renovations/expansions, or big box additions requiring capital investment ranging from $0 to well over $100 million.
• Interact on a regular basis with developers, leasing representatives, and construction managers to resolve development issues.
• Assist in decision-making process by evaluating financial impact of development alternatives.
• Review and assess effectiveness of development activity including monitoring process toward achieving projected pro forma income levels.
• Acquisition/Disposition Related Tasks
• Evaluate property or portfolio acquisition candidates and analyze historical and projected cash flows, key operating statistics, and investment yields.
• Interact with broker and/or seller to further understand acquisition candidate, its financial statements, and identify/resolve issues.
• Provide analysis of acquisition candidate to senior management for their consideration in determining bid strategy.
• Prepare analysis of potential sale of Simon assets and assist brokers in preparation of sales packages when needed.
• Assist buyers in completing their due diligence review of disposition assets.
• Special Projects
• Provide analytical support to leasing to assist in negotiating lease settlements, multiple lease deals with national tenants, or other special situations.
• Prepare cash flow projections and other financial information for consideration of prospective equity partners and/or lenders.
• Work with partners and/or lenders or their appraisers to answer all questions and assist them in their valuation of Simon assets.
• Prepare special analysis for senior executives or Board of Directors as needed.

Job description

Job Location: Corporate Indianapolis

PRIMARY PURPOSE: To ensure accurate and valid analysis of the financial impact of various business decisions with primary focus on the area of capital investments including new developments, renovations, expansions, and acquisitions.

PRINCIPAL RESPONSIBILITIES:

• Development Related Tasks
• Prepare development budgets, project pro forma income, and estimate rate of return for new developments, renovations/expansions, or big box additions requiring capital investment ranging from $0 to well over $100 million.
• Interact on a regular basis with developers, leasing representatives, and construction managers to resolve development issues.
• Assist in decision-making process by evaluating financial impact of development alternatives.
• Review and assess effectiveness of development activity including monitoring process toward achieving projected pro forma income levels.
• Acquisition/Disposition Related Tasks
• Evaluate property or portfolio acquisition candidates and analyze historical and projected cash flows, key operating statistics, and investment yields.
• Interact with broker and/or seller to further understand acquisition candidate, its financial statements, and identify/resolve issues.
• Provide analysis of acquisition candidate to senior management for their consideration in determining bid strategy.
• Prepare analysis of potential sale of Simon assets and assist brokers in preparation of sales packages when needed.
• Assist buyers in completing their due diligence review of disposition assets.
• Special Projects
• Provide analytical support to leasing to assist in negotiating lease settlements, multiple lease deals with national tenants, or other special situations.
• Prepare cash flow projections and other financial information for consideration of prospective equity partners and/or lenders.
• Work with partners and/or lenders or their appraisers to answer all questions and assist them in their valuation of Simon assets.
• Prepare special analysis for senior executives or Board of Directors as needed.

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE: SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. Our portfolio includes assets of national and international renown - proven assets that are the preferred location for retailers. In addition to our high quality properties, Simon is also known for our strong balance sheet, a long-tenured and well-respected senior management team, and our innovative spirit, as reflected in a 50 + year history of successful retail real estate development, management, and leasing. Simon was named Fortune’s Most Admired Real Estate Company eight times. We have experienced an explosion of growth and innovation unprecedented in the industry and we look forward to Simon's future.

Simon is proud to be an Equal Employment Opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. If you require assistance or need to request an accommodation due to a disability, please email [e-mail]. Please note this email is intended only for accommodation requests related to the application and interview process. Any other correspondence will not receive a response.