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JOB DESCRIPTION
Title: Investment Management Senior Associate
Location: California (San Francisco Bay Area, or Orange County)
Reports To: Regional President
Summary of Responsibilities: The Investment Management Senior Associate provides
financial reporting, forecasting, planning, and analytical leadership and support to the
Commercial & Mixed-use Real Estate and Finance functions, primarily in Lennar Commercial’s
western region. The individual must maintain daily connections to the capital markets and
local market dynamics, be detail-oriented and experienced in working in a team environment.
The position requires exemplary analytical, modeling, organizational skills, completing
assignments with minimal supervision, and effectively communicating market and
opportunity-based recommendations.
Essential Duties and Responsibilities:
• Underwrite and negotiate potential new investment opportunities for asset/portfolio
acquisitions and ground up development in the commercial real estate space
• Build and maintain relationships with lenders, brokers, attorneys and investment
partners
• Create financial, valuation and sensitivity models for potential acquisitions of real
estate assets
• Model property and loan cash flows utilizing Excel and Argus to determine NPV and IRR
values
• Assist in transaction underwriting and processing, and coordinate and manage
information flow to/from transaction principals and supporting participants (i.e. sellers,
buyers, legal counsel, accounting firms, consultants, investment bankers, etc.)
• Determine pricing guidance for a given asset or opportunity via cash flow projections
and assumptions, comparable rent and sales data points/trends, and detailed financial
modeling, including sensitivity analyses
• Engage with executive management in negotiating and structuring purchase, sale, debt
and equity transactions (also tenant lease or governance provisions, if applicable)
• Assist in the presentation of the acquisition opportunity to the Investment Committee
• Work with Lennar’s legal and risk management team and senior management in closing
transactions
• Evaluate and abstract third-party reports, loan documents, service contracts and
leasing / listing agreements
• Perform research on various markets throughout Lennar Commercial’s western region
including communicating with brokers in these markets
• Conduct property / site inspections as needed
• Prepare executive summaries and assist in the preparation of Investment Committee
Memorandums
• Prepare quarterly key metrics and analyses for use with investor and/or management
presentations
• Monitor and adhere to compliance requirements for monthly, quarterly, and annual
covenant/reporting deliverables
• Perform ad hoc analyses of current activities that may be presented to senior
management (i.e. acquisition & development activities, strategic planning, etc.)
Qualifications:
• Bachelor’s Degree from an accredited four year university, MBA preferred
• Minimum of 4 years of related experience or equivalent combination of experience and
education
• Experience in multiple markets
• Relevant commercial real estate analytical experience (mixed-use, retail and office) in
acquisitions, asset/portfolio management and/or real estate finance.
• Progressive work experience in real estate finance, consulting and/or accounting roles.
(FP&A roles that support complex modeling, analysis, budgeting and forecasting of real
estate transactions)
• Advanced financial analysis, forecasting and modeling skills with the ability to translate
analysis quickly into practical results
• Excellent communication & organization skills with the ability to present analyses and
recommendations in verbal and/or written formats
• Ability to multi-task effectively in a fast-paced environment while prioritizing projects
to ensure timely deliverables
• Experience utilizing “Business Intelligence” tools to obtain data and build reports
• Proficiency with Excel, Word, PowerPoint and Argus
Characteristics Required:
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High degree of professionalism in appearance and demeanor
Commitment to quality results; customer focused
Dependability, integrity, and willingness to learn
Proven time management skills
Adaptability, flexibility, and champion of change for improvements and efficiencies
Ability to build teamwork