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Asset Analyst

Expired Job

Westfield, LLC New York , NY 10007

Posted 3 months ago

Unibail-Rodamco-Westfield (URW) is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at $75B as of December 31, 2018 of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, we own and operate 102 shopping centers, of which 56 are flagships in the most dynamic cities in Europe and the United States. Our centers welcome 1.2B visits per year. The Group has the largest development pipeline in the industry, worth $15B. Present in 2 continents and in 13 countries, URW provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers.

ROLE PURPOSE

The Operating Analyst assists with value creation at his/her Operating Manager's (OM) assets. The Operating Analyst supports the value creation process and works with the asset team (consisting of members from other divisions/departments) to complete the 5-Year Business Plan (5YBP) and fulfill the current year plan for the assets. The Operating Analyst is in charge of daily operating management tasks and will act as an apprentice to the Operating Manager. The Operating Analyst is business oriented with strong focus on numbers and problem solving in a complex environment.

ACCOUNTABILITIES

  • Net Operating Income and Property Value growth

  • Support establishment and delivery of 5-year plan organizing contributions of all internal departments

  • Carries out analysis and helps deliver the ERV project (value and merchandising of tenant spaces), validation of operational assumptions on valuations and quarterly reporting

  • Prepare and follow up priorities from a NOI/cash flow perspective towards the leasing targets do arbitrages/trade-of judgments related to merchandising

  • Support, follow up and challenge all operating expenses and capital expenditures, while allowing for a high quality customer experience

  • Project delivery

  • Assist the Operating Manager by leading assigned projects/analysis in support of leasing and the shopping center management, marketing, development, and finance in order to deliver the 5YBP, while influencing asset team members to succeed in achieving the portfolio's target

  • Manages deadline, reporting and review processes for the asset team members and the OM function in order to achieve regional and corporate deadlines

  • Mentor and train rotational analysts where appropriate

  • Is a reference for the portfolio internally

  • Other

  • Participate in negotiations with tenants and offers advice when the deal has a substantial investment or other complicated elements

  • Carry out and deliver the 5YBP project, together with OM manager, ERV process, prepare operational assumptions on valuations and quarterly closings for the assets, focused on vital KPIs such as like-for-like Net Rental Income and asset Internal Rate of Return.

  • Participate in improving processes/tools/"ways of working", driving efficiency across the business

  • Propose innovative ideas for value creation in the Asset

  • Daily OM tasks: contracting, OCR analysis, minutes, preparation of presentations, etc.

  • Ensure well-being of the team

  • KPIs

  • Innovation

  • Reporting timeliness

  • Analysis error rate

CORE COMPETENCIES

  • Soft Skills

  • Project Management

  • Ability to plan project tasks and activities

  • Ability to coordinate all activities, organize necessary contributions and leverage on other departments

  • Ability to anticipate problems and to prioritize

  • Ability to solve complex problems, involving a large numbers of actors (internal/external)

  • Ability to communicate well with others

  • Hard and Technical Skills

  • Business/financial

  • 2 years preferred, with experience in financial analysis required

  • Advanced financial skills (business model preparation, calculation of return on investment, return on capital employed)

  • Business modeling skills for developments, acquisitions, new investments:

  • Ability to define, model, compute, and document assumptions: operations and leasing, acquisition costs, capex/asset redevelopment, tax, disposal.

  • Ability to prepare/present a synthetic Business Model/Investment proposal

  • Ability to assess associated risks and apply investment criteria with judgment and prepare a recommendation

  • Understanding of impact of any operational decision on asset profit and loss account

  • Basic accounting knowledge. Full knowledge of Group glossary and accounting

  • Advanced analytical skills

  • Ability to analyze, model, and compute complex problems/projects

  • Willingness to enter in the details and ability to synthesize analysis and facilitate decision making

  • Advanced Excel (e.g. use of financial functions, database and search functions, pivot tables)

  • Commercial understanding

  • Knowledge and strong interest in retail industry (knowledge of key retailers, interest in brands/products)

  • Basic knowledge in real estate investment

  • Asset valuation (cap rates, discounted cash flows, comparables, replacement costs)

  • Knowledge and understanding of investment/divestment criteria on the real estate market and players' profile

  • Legal knowledge in leasing/commercial/real estate law

EDUCATION

  • BA/BS Business Economics, with Finance & Accounting

Unibail-Rodamco-Westfield (URW) is an equal opportunity employer that embraces the diversity of backgrounds, perspectives, experience, and skills. We offer a collaborative, innovative, achievement-focused culture with unique opportunities for growth in a global company and we evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

#LI-MF1

'200910


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Asset Analyst

Expired Job

Westfield, LLC