Investment Associate

Jair Lynch Real Estate Partners; Washington (District of Columbia); Hybrid; USD 90,000 - 140,000; Full time

Benefits offered by this job

Professional development funds

Job summary

Jair Lynch Real Estate Partners seeks an Associate - Investment Management to support investment oversight from acquisition to stabilization or disposition. You will contribute to financial analysis, proforma updates, and investor reporting while coordinating due diligence and communication with lenders and investors.

The role requires 5-7 years in real estate finance, strong Excel modeling, and the ability to work across multiple projects in a collaborative, hybrid office environment in

Qualifications

• 5-7 years of experience in real estate finance and underwriting.
• Bachelor’s degree in business administration, accounting, finance, economics, engineering, or mathematics.
• Experience with real estate specific Excel proformas.
• Direct experience working on minimum 2-4 real estate finance closings.
• Senior Associate will demonstrate all experience and competencies here plus some elements of Manager level; min 6 years of experience; and min 4 financial closings.

Responsibilities

• Leads financial analysis of real estate investment opportunities (new and existing).
• Intermediate financial underwriting - compile, update and maintain project financial proformas in existing Excel templates and new/modified forms when necessary.
• Conducts, reviews, and analyzes relevant research and data gathering including comps, market trends, trades, capital markets, etc. using internal and 3rd party sources.
• Supports development of project financial strategy, risks and mitigation capital structuring, term sheet and document negotiation.
• Stays abreast of local, regional, and national real estate market trends and macro-economic conditions and understands impacts to assigned projects.
• Oversee and interpret the tracking of project capital expenditures, revenue, and expenses and updates proforma and cashflow (with input from business office) and compares actuals to forecast. Identifies and leads correction of errors.
• Coordinates contracts and leads due diligence efforts including document, file management, and review of 3rd party reports.
• Analyze commercial leases, compile summaries and NPV analysis. Supports broker selection and lease term sheet negotiation.
• Supports development of the investment thesis and preparation of materials for internal and external investment and loan committees.
• Manage lender/investor due diligence - compile and deliver all lender/investor required documents.
• Participate in closing calls and maintain meeting minutes and closing checklists.
• Prepares and presents regular investor and lender reporting.
• Develops industry and capital partner relationships.

Skills

Financial analysis

Underwriting

Real estate market research

MS Excel

Financial modeling

Education

Bachelor’s degree in business administration, finance, economics, or mathematics

Tools

MS Project

Job description

Jair Lynch Real Estate Partners ("JL" or "Jair Lynch") is a leading real estate investment and development firm specializing in the transformation of walkable urban places. With a strong focus on creating extraordinary places, JL has successfully acquired, developed, and managed a diverse portfolio of residential, commercial, and neighborhood assets. We are committed to fostering a culture of creativity, teamwork, diversity, and excellence while continuously improving everything we do.

Founded in 1998, Jair Lynch has acquired, developed, and operated a portfolio of residential, commercial, and neighborhood assets that contribute to the company's mission of creating extraordinary places. The firm has developed over 5.5 million square feet of real estate projects, currently has $3.2 billion of assets under management, and has a controlled pipeline of 2.0 million square feet valued at more than $1.1 billion. Jair Lynch currently operates on a hybrid working structure that encourages thoughtful, purposeful gathering time in the office while providing our teammates remote flexibility. All teammates have access to dedicated professional development funds that replenish annually to support skills training, education, networking events, and more. The Jair Lynch Culture Committee also hosts regular engagements to provide our teammates with opportunities to learn new skills, learn about each other, network, and celebrate wins.

Our people are our strength, and our culture is our most valuable asset. We believe that fostering an inclusive, welcoming company culture provides the space for our team to bring the best version of themselves to the table every day and provide the most authentic value to each other, our investors, and our communities

Job Summary

We are seeking an enthusiastic and detail-oriented Associate - Investment Management to join our team. In this role, you will provide crucial support and assistance on multiple projects simultaneously and must be able to work in a fast-paced, multiple-responsibility environment, balancing competing priorities and several project assignments.

The Investment Associate will be responsible for supporting overall investment oversight of projects from acquisition to transition into the stabilized portfolio or disposition. Project responsibilities include helping shepherd projects through investment committees, both internal and external, including collection and review of due diligence and creation of acquisition memos, business plans, and financial analysis. During construction for an assigned project, job roles will include updating financial pro forma quarterly, helping development teams adhere to business plan goals, gaining approval from investors and other funders for business plan changes, transitioning projects to asset management, and dispositions when appropriate.

Duties & Responsibilities

• Leads financial analysis of real estate investment opportunities (new and existing).
• Intermediate financial underwriting - compile, update and maintain project financial proformas in existing Excel templates and new/modified forms when necessary.
• Conducts, reviews, and analyzes relevant research and data gathering including comps, market trends, trades, capital markets, etc. using internal and 3rd party sources.
• Supports development of project financial strategy, risks and mitigation capital structuring, term sheet and document negotiation.
• Stays abreast of local, regional, and national real estate market trends and macro-economic conditions and understands impacts to assigned projects.
• Oversee and interpret the tracking of project capital expenditures, revenue, and expenses and updates proforma and cashflow (with input from business office) and compares actuals to forecast. Identifies and leads correction of errors.
• Coordinates contracts and leads due diligence efforts including document, file management, and review of 3rd party reports.
• Analyze commercial leases, compile summaries and NPV analysis. Supports broker selection and lease term sheet negotiation.
• Supports development of the investment thesis and preparation of materials for internal and external investment and loan committees.
• Manage lender/investor due diligence - compile and deliver all lender/investor required documents.
• Participate in closing calls and maintain meeting minutes and closing checklists.
• Prepares and presents regular investor and lender reporting.
• Develops industry and capital partner relationships.
• Perform all responsibilities of Analyst/Senior Analyst when necessary.
• Intermediate or higher understanding of real estate terminology & concepts: operating expenses (OpEx), asset classes, finance, acquisitions, and investment returns (ROC, IRR, etc.)
• Basic level knowledge of real estate development terminology & concepts: architecture and engineering, permitting, land-use and regulatory, construction.
• Basic level project and schedule management skills (CPM, MS Project, etc.).
• Intermediate or higher financial modeling and MS Excel skills including ability to modify or create new templates.
• Developing subject matter expertise for one or more specialties – development, existing assets, repositioning, commercial/retail leasing, entitlements, affordable housing (e.g. LIHTC) alternative financing sources (e.g. NMTC, HTC, PACE, etc.).
• Developing risk management skills - understanding of how to identify, track, and report project risks.
• Developing ability to make owner decisions - sound judgment, logic, reasoning and ability to communicate rationale.
• Proven research skills, including data compilation/organization and presentation,
• Effective time management and task prioritization; resourceful, proactive, and persistent in problem-solving.
• Demonstrated ability to work through ambiguous situations.
• Track record of identifying improvement opportunities.
• Team player - provides excellent internal and external customer service; strong collaborator, demonstrating interdepartmental cooperation to achieve Firm goals & mission.
• Deep understanding of multifamily investment and development.
• Understanding of key drivers of real estate markets in the Mid-Atlantic and Southeast.[KO2]

Requirements

• 5-7 years of experience in real estate finance and underwriting.
• Bachelor’s degree in business administration, accounting, finance, economics, engineering, or mathematics. Continued education in real estate concepts and principles recommended.
• Experience with real estate specific Excel proformas.
• Direct experience working on minimum 2-4 real estate finance closings.
• Senior Associate will demonstrate all experience and competencies here plus some elements of Manager level; min 6 years of experience; and min 4 financial closings.