Analyst

Posting Duration: This posting will close at the end of March and will only be extended if we need to see more candidates to fill the position.

Position Summary

Responsible for financial reporting and analysis of Forum’s portfolio of multifamily properties across the United States, as well as supporting the Asset Management team in the operations of the portfolio.  The successful candidate will have excellent analytical skills, attention to detail and the ability to balance and manage changing priorities in a collaborative and fast-paced environment.

Key Responsibilities:

• Assist with the management of the company’s existing multifamily equity portfolio to include but not be limited to weekly calls, monthly asset management reports, and reports for quarterly investor newsletters necessary to effectively manage the portfolio.
• Assist Asset Managers with the preparation of annual property budgets.
• Identify, monitor, and evaluate local and regional markets, asset class trends, and general economic conditions as they relate to the Forum disposition strategy.
• Support Asset Managers in the sale of properties, including the preparation of sale vs. hold analysis, Investment Committee presentations, due diligence requests, property prorations, and settlement statement preparations.
• Provide financial reporting to properties’ lenders.
• Interface and coordinate with the Acquisition team to ensure smooth transition of ownership.
• Prepare ad hoc reporting and analysis at the property and portfolio level.
• Assist Asset Managers with the operations and property management of Forum’s assets across the country.

Essential Functions:

• Prepare portfolio reports related to weekly leasing and collections, Watchlist assets, monthly financials, quarterly investor distributions, semi-annual property valuations, and annual property budgets.
• Review and prepare REIT reporting, including monthly valuations, monthly and quarterly investor communications, financial reforecasts, and investor due diligence requests.

Supervisory Responsibilities:

None.

Skills & Qualifications:

• 2+ years of related experience in an analytical role, preferably real estate focused.
• A demonstrable enthusiasm and commitment to the real estate industry
• Must have strong verbal and written skills, and a demonstrable ability to construct compelling theses through meticulous research skills
• Excellent writing skills is imperative – candidates will be asked to submit a writing sample
• A keen attention to detail with a thorough understanding of financial applications
• An ambitious and positive attitude – flexible work hours are sometimes required
• Willingness to attend industry conferences and be involved in industry organizations with aspirations of growing into a senior leadership position
• Must be self-motivated, resourceful, and able to assume a high level of individual responsibility.

 Education & Technical Skills:

• Bachelor’s degree in business, finance real estate, economics, accounting or equivalent experience required
• Strong financial, analytical and modeling skills – proficiency in MS Excel a must

Competencies:

To perform this job successfully, the individual should demonstrate the following competencies:

1. Analytical Skills: Collects and researches data; designs workflows and procedures; identifies data relationships and dependencies; synthesizes complex or diverse information; and, uses intuition and experience to complement data.
2. Quality: Demonstrates accuracy and thoroughness; looks for ways to improve quality; applies feedback to improve performance; monitors own work to ensure quality.
3. Judgement: Displays willingness to make decisions; exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in decision-making process; makes timely decisions.
4. Planning & Organization: Integrates changes smoothly; plans for additional resources; prioritizes and plans work activities; sets goals and objectives; uses time efficiently; and, works in an organized manner.
5. Achievement Focus: Demonstrates persistence and overcomes obstacles; measures self against standard of excellence; recognizes and acts on opportunities; sets and achieves challenging goals; takes calculated risks to accomplish goals.
6. Dependability: Commits to doing the best job possible; follows instructions, responds to management direction; keeps commitments; meets attendance and punctuality guidelines; responds to requests for service and assistance; and, takes responsibility for own actions.
7. Business Acumen: Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.

In addition to the above job-specific competencies, all Forum employees are expected to demonstrate these Forum core competencies:

1. Adaptability: Accepts criticism and feedback; accustomed to a culture of rapid and constant change and easily adjusts to changing priorities and conditions; manages competing demands.
2. Innovation: Develops innovative approaches and ideas; displays original thinking and creativity; generates suggestions for improving work; meets challenges with resourcefulness.
3. Collaboration: Recognizes and cultivates strong interpersonal relationships and cross-functional collaborations; generates value and uses motivation to influence and create change; seeks not to control but to inspire; facilitates dissemination and sharing of knowledge and information.
4. Accountable: Keeps and follows-through on commitments; readily takes ownership of achieving results by exhibiting responsibility and initiative; displays open, proactive communication that builds trust.
5. Initiative: Asks for help when needed; looks for and takes advantage of opportunities; seeks increased responsibilities; takes independent actions and calculated risks; undertakes self-development activities; volunteers readily.
6. Respectful: Displays integrity and honesty; maintains professional demeanor and composure in tense situations; exhibits fairs and generous behavior; readily owns up to mistakes and admits when wrong; strives to “get it right”; displays loyalty even when tough to do so.

Forum Values:

• Blaze the future. Take initiative. Push what’s possible. Own your path but stay nimble. Embrace change and always challenge the status quo. (Entrepreneurial)
• Dare to be clear. Certainty is impossible, but clarity is essential. Eliminate the noise and focus your strategy to achieve something better, something great. (Clear)
• Stay open. Have the courage to make yourself vulnerable. Communicate honestly and respectfully. Share mistakes and trust one another. (Vulnerable, Transparency)
• Make it better together. Go all in. Get messy. Welcome new ideas and share yours freely. Be a sponge. Bump heads. Take it out. Listen. Learn. Repeat. (Collaborative)

Physical Demands:

While performing the duties of this Job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; stoop, kneel, crouch, or crawl and talk or hear. The employee must occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision.

Travel may be needed.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

The above job description is not intended to be an all-inclusive list of duties and standards of the position.

Compensation Information:  Base salary range is $70,000 to $80,000. This range is estimated for this role; actual pay may be different.

Benefits for full-time employees include medical, dental, vision, life insurance, long-term and short-term disability insurance, employee assistance program, Health Savings Accounts, Flexible Spending Accounts, 401(k) with company match program, 12 paid company holidays, self-managed PTO, anniversary milestone program/awards, gift matching program.