Position Summary :
The Asset Management team provides management, advisory, underwriting and analytical support for the Irvine Company Office Properties Division.
Primary focus areas include : i) underwriting for leases and tenant credit, significant capital investments, new development projects and acquisition opportunities, ii) asset level business plans, performance measurement and reporting for the operating portfolio, and iii) property valuation analyses.
The Team works in collaboration with property operations, leasing, asset management, development, acquisition, financing and accounting colleagues.
Job Duties :
Model and understand financial concepts around NPV, IRR and discounted cash flow analyses.
Conduct annual property valuation analyses internally.
Provide analytical and underwriting support when evaluating leases, tenant credit worthiness, capital investments, new development projects and acquisition opportunities.
Prepare investment theses, deliverables and financial exhibits to support investment decisions.
Participate in preparing property business plans each year and monitoring asset performance against a variety of benchmarks, including : performance objectives, pro-forma cash flows, leasing goals and forecast yields;
help drive analytical insights around operating and financial performance.
Participate in quarterly property reviews and forecasts; create summary reports including budget variances, occupancy and leasing updates, operating expenses, capital expenditures and potential loan refinance implications.
Monitor market conditions, pricing trends and competitor research; collect market data / reports in support of business plans.
Work closely with property operations, leasing and asset management teams for input and guidance on business plans, budget reviews and cash flow forecasts used in valuation and investment analysis.
Demonstrate an understanding of real estate and investment principles; Visit properties periodically to develop and maintain an understanding of assigned properties, competitors and market dynamics.
Support strategic initiatives and internal process improvements.
Maintain ARGUS and Excel models for assigned properties.
Minimum Qualifications / Other Expectations :
Four year degree with a preferred major in business and / or real estate.
Three plus years of experience in a real estate finance or analytical role.
Experience with financial statement analysis and strong understanding of corporate finance concepts.
Demonstrates critical thinking, curiosity, self-drive, proactiveness, excellent communication skills (verbal and written), strong organization, collaboration, and high standards of accuracy and precision.
High ownership of work product and dedication and commitment to driving results.
Superior in Excel, including strong modeling capability; ARGUS experience preferred, but not required
Embrace and reinforce the Irvine Company core values.
Maintain courtesy, diplomacy and a service-oriented mindset with internal and external customers and colleagues.
Compensation :
Base Pay Range : $89,400.00 - $126,700.00
Actual placement within this range may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.
The Company also offers competitive benefits for full time employees including paid time off, matching 401(k), and health benefits.
About Us :
Irvine Company is a privately held real estate investment company and master-planner committed to creating and sustaining communities that thrive for generations.
Irvine Company is respected for its master planning and environmental stewardship of the Irvine Ranch in Orange County, including diversified operations throughout coastal California.
Irvine Company brings to life neighborhoods and sustainable communities with a full range of housing, jobs, retail centers, schools, parks and open space.
We take as much pride in our employee community as we do the communities we create. It’s an environment populated with talented and experienced people, a collaborative spirit and abundant opportunities.
Apply today to join our employee community, and learn more about Irvine Company , our legacy and our guiding principles .
Irvine Company is committed to providing equal opportunity in all of our employment practices, including selection, hiring, promotion, transfer, compensation, termination, and training, without regard to race, religion, color, sex, sexual orientation, gender, gender identity, national origin, ancestry, citizenship status, marital status, pregnancy, age, medical condition, genetic information, military and veteran status, disability, or any other basis protected by federal, state, and local law.
Reasonable accommodation is available for qualified individuals with disabilities, upon request.
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