Senior Associate, Due Diligence

About the role

The Senior Associate of Due Diligence position at Essex involves leading the transaction due diligence process from inception to close, performing deal underwriting, leading property inspections, coordinating due diligence deliverables from internal and external teams, and presenting to Essex’s Senior Leadership Team.

Responsibilities

• Develop and maintain detailed financial models to support the underwriting of potential acquisitions, development, and structured finance transactions.
• Coordinates and lead due diligence, underwriting and closing process, including documentation review and analysis of key findings, rent analyses, detailed budget preparation, document checklist calls, lease audits, warranty review and warranty transfer, assessment of capital, assessment of staffing, 3rd party report engagement and detailed review, and analysis of historical operating documents.
• Ability to recognize key risks or non-standard components of a transaction through review of 3rd party reports, deliverables and through comprehensive review of assets.
• Work closely with senior management and have extensive interaction with the real estate community, including sellers, developers, lenders, brokers and third-party vendors.
• Travel to project sites and work with capital maintenance teams to evaluate asset conditions, including potential code violations and any necessary repairs or other major capital needs.
• Lead and collaborate with cross-functional teams to conduct thorough due diligence including legal, financial, and physical aspects.
• Lead the preparation of investment memoranda, presentations, and other materials for internal and external stakeholders.

Requirements

• Bachelor’s degree (B.A./B.S.) from a four-year college or university in business administration, finance, economics, real estate or related field.
• 5+ years of related experience in multi-family real estate due diligence, asset management, or in a financial analysis role.
• Experience with the California or Washington multi-family real estate markets preferred.
• Strong financial and analytical skills.
• Ability to prioritize and manage a variety of tasks within a tight time schedule.
• Strong communication skills, including an ability to compile written materials and present underwriting to Company leadership, as well as the ability to efficiently coordinate various teams across the Company.
• Proficiency in Microsoft Office, Yardi, and Adobe.

Qualifications

• No formal supervisory responsibilities in this position.
• Coordinates and assigns tasks to co-workers within a work unit and/or project team.
• Leads project teams and/or plans and supervises assignments of lower-level employees.
• Identifies training needs, tracks performance, coaches, and motivates a work unit and/or group.
• Comprehends, analyzes, and interprets real estate documents.
• Solves problems involving several options in situations.
• Requires intermediate analytical and quantitative skills.
• Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines.
• Responsible for setting work unit and/or project deadlines.

Benefits

• Competitive salaries.
• Experience career growth.
• Eligible for benefit packages that include medical, dental, vision, paid parental leave, 401k employer match, excellence rewards, wellness programs, and much more.
• 12 paid holidays and 15 PTO days.
• Housing discount of 20%.

Pay

New hires generally start between $107,000.00 - $135,000.00 per year. The final salary offer will be determined after reviewing relevant factors, including but not limited to skill sets; relevant experience; internal equity; and other business and organizational needs.

Schedule

This role includes in-person work requirements consistent with the hybrid policy located at Essex's corporate offices in Woodland Hills or Irvine. The hybrid policy is subject to change at Essex’s sole discretion.