Lerner is seeking a full-time Capital Markets Analyst to support the organization’s Asset Management and Acquisition/Development efforts, including underwriting and diligence for new deals as well as financial analysis and reporting efforts for the entire Lerner real estate portfolio. The Analyst will also work closely with the organization’s different business units and across diverse investment strategies and asset types. A successful candidate needs to be highly organized, detail-oriented, self-motivated, and be an effective communicator and able to manage changing priorities and workloads.
- Draft investment memos/offering memos for equity investors and financial institutions
- Review and track investment opportunities, interface with brokers and intermediaries, and maintain external relationships
- Perform financial analysis of potential acquisitions with a primary focus on multifamily assets, including back of envelope (BOE) and discounted cash flow (DCF) financial analyses
- Build financial models and pro formas (from scratch) on an as-needed basis
- Underwrite investment opportunities
- Conduct financial analyses of office, retail, multifamily and hotel assets in the portfolio
- Collaborate with Property Management, Lease Administration, Development, Project Management and Corporate Finance/Accounting teams on an as needed basis
- Tour commercial real estate properties and evaluate property conditions for purposes of acquisitions and/or market research, which would require access to effective transportation
- Perform other duties, as assigned
Education: Bachelor’s and/or Master’s degree in finance, real estate, or business preferred
Relevant Experience: 2-5 years' experience as an analyst or underwriter for a commercial real estate or financial services company; sale and loan closing experience is a plus
Conceptual and Analytical Skills:
- Significant knowledge and exposure in commercial real estate, including market research, transactions/closings, financial modeling and analyses, property management, asset management, legal, entitlement and construction as relevant to equity and debt investments in acquisitions/repositioning and ground-up development processes
- Strong understanding of time value of money, equity and debt financial concepts
- Knowledge of different stages commercial real estate development and acquisition processes, including opportunities and risks o Understanding of multifamily, office and retail financial statements
- Ability to obtain, analyze, and synthetize information and data
- Strong quantitative and qualitative skills in regards to presenting data and financial information, including graphics
Technical and Hard Skills:
- A quick learner with strong and effective technical skills as relevant to producing high quality work products to support multimillion-dollar CRE investment decisions
- Highly proficient and effective in MS Excel (e.g. DCF models from scratch, sensitivities, circularity breakers, etc...)
- Experience with ARGUS Enterprise a plus
- Highly effective in MS PowerPoint (e.g. offering packages and memos)
Interpersonal and Soft Skills:
- Ability to effectively focus on changing tasks and responsibilities; and able to work independently or work collaboratively with as-needed direction
- Strong and effective communication skills—both written and verbal o Attention to detail—formatting, grammar, organization, math and calculations
- Strong organization skills—organization and tracking work flows, and work effectively in a team environment with shared documents
- Resourcefulness—ability to obtain answers to questions and information that may not be readily available o Strong work ethic with an affinity for growth, learning and education
To apply, send resumes to Kristen Tepper, ktepper@umd.edu.
Please submit resumes that are in PDF formatted for single-page US Letter (8.5” x 11”)
Resumes will be reviewed for applicants’ qualifications in regards to education, relevant experience, transferrable skills, industry involvement, and achievements. Resumes will also be reviewed for applicants’ attention to detail in regards to formatting, grammar, spelling, etc…
Qualified candidates will be contacted to be interviewed by phone and/or video (for one or more rounds)
Candidates will also be tested via a case study to demonstrate their best technical and conceptual proficiency (as listed above), which may include but not limited to developing an investment memo, building a DCF development/investment pro forma from scratch, analyze and synthesize market data, and assembling an investment memo