Description
DRA Advisors LLC is a New York-based real estate private equity investment and management firm with an institutional and private investor fund base. For the past 30 years DRA has been a highly regarded equity joint venture partner with outstanding real estate operating groups. The firm invests nationally in the value-add retail, office, multifamily and industrial sectors.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Property Responsibilities
- Review monthly reporting packages from third party property managers.
- Review annual property budgets, CAM reconciliations and reforecasts.
- Stay on top of property cash management including:
- Timely payment of expenses and monthly debt service.
- Prepare cash flow projections to determine future needs / capital calls.
- Review accuracy of bank reconciliations prepared by property managers.
- Calculate property level dividend distributions and property returns.
- Review and coordinate approval of property funding requests (both operating and capital).
- Conduct variance analysis comparing actual performance to historical, budget and underwriting.
- Ensure accuracy of rent rolls and options reports.
- Monitor accounts receivable aging report and work with asset management on addressing delinquencies.
- Assist in preparation of quarterly investor reports.
- Coordinate with asset managers and acquisitions dept regarding ongoing property issues.
- Maintain property IRR including prepare/review waterfall calculations in joint venture documents.
- Perform loan compliance testing.
- Keep track of lender escrows and review/prepare lender draw requests.
- Assist in property financings and refinancing.
- Financial Statements
- Coordinate required information for both properties and portfolios (i.e. audit workbooks/confirmations/supporting documents).
- Review audit adjustments for both properties and portfolios.
- Ensure audit deadlines are being met for both properties and portfolios.
- Work in conjunction with internal Acquisition and Disposition teams to analyze, prepare and review all necessary documentation, statements and financial information needed to complete transaction.
- Work on various internal special projects as assigned
- Perform other duties and responsibilities as assigned.
The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.
EDUCATION/EXPERIENCE
- BS in Finance or Accounting required
- 3-5 years Real Estate Accounting and Investment experience required.
- Experience with Yardi preferred.
SKILLS/COMPETENCIES
- Exceptional proficiency with Excel required
- Excellent attention to detail and accuracy along with ability to multitask and prioritize
- Must be able to think strategically and execute tactically. Ability to plan ahead, anticipate potential problems and react nimbly.
- Exceptional analytical skills required and ability to identify areas of process improvement opportunities.
- Must be a motivated self-starter with excellent interpersonal communication and problem-solving skills.
- Excellent written / verbal communication and presentation skills are essential to synthesize information, make assumptions, and present key findings, conclusions and recommendations.
- Demonstrated problem solving & project management skills.
- Ability to work within tight timeframe's and meet strict deadlines.
- Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization.
Experience
2+ to 5 years
This job is no longer active.