Due Diligence Analyst I (Finance)
At BH Management Services, we are committed to creating value. We acquire, improve and manage apartment communities, and our success in this endeavor is evidenced by our growth from a start-up firm in 1993 to one of the largest multi-family management companies in the nation. BH understands that great customer service is what keeps residents satisfied, and that great service comes from engaged, happy and well-trained team members. In 2018 and 2017, BH was ranked as one of FORTUNE magazine and Great Place to Work's "Best Workplaces for Women." BH was also ranked in 2018 and 2020 as one of the "Best Workplaces for Millennials.” In addition, in 2019, BH was named to the 100 “Best Workplaces for Diversity.” We continue to recognize that we are only as strong as each individual employee and we value our employees by providing a strong benefit package:
- 3 Weeks of Paid Time Off
- Medical/ Dental/ Vision
- 401(k) + company match
- Birthday Paid Day Off
- BH Gives Back (Paid Volunteer Time Off)
- 12 Paid Holidays
- BH Paid Leave
- Sabbatical
- Education Reimbursement
- Employee Assistance Program
**Candidate will work 2 days a week from our Iowa, Des Moines offices and remotely the remaining of the week**
Responsible for the analysis and financial reporting activities for real estate acquisitions and new construction. Exhibits strong commitment to the service needs of the internal and external customer. Represents the company in a professional and courteous manner.
Essential Job Functions:
- Performs the financial analysis of all due diligence transactional documents, including but not limited to the review of financial statements, operating reports, and service contracts.
- Develops the initial prospective revenue and budget models.
- Analyzes financial trends, potential areas of concern, and incorporates findings into a clear and concise due diligence report to assist internal and external stakeholders with decision making.
- Reviews and analyzes third party vendor reports and inspections identifying potential areas of concern and communicating to stakeholders, including by not limited to lease audits, unit walks, PCA, ESA, Zoning, Roof, and WDI.
- Reviews all service contracts and prepares service contract analysis advising contract status for acquisitions and management takeovers and uploads contracts to contract database.
- Assists in updating project timelines and the status of current transaction activities.
- Coordinates the transfer of utilities and telecom services with third party providers to ensure a seamless transition of utility services during acquisition and management transition of a community.
- Coordinates and oversees processes, receipt and delivery of acquisition, management takeover, and new construction due diligence transactional documents, and the facilitation of document review and dissemination of information between internal and external stakeholders.
- Coordinates and schedules all aspects of physical onsite inspections with seller, buyer, internal stakeholders, and third-party vendors to conduct inspection activities for acquisition transactions.
- Creates notices to be distributed to residents, vendors, and internal stakeholders for acquisitions and management takeovers.
- Provides training and support to internal stakeholders on department policies and procedures.
- Other duties as assigned.
Minimum Qualifications/Skills:
- Bachelor's Degree in field or related area (e.g. Accounting or Finance)
- 2-3 years of experience in field or related area
- General knowledge of standard accounting practices and procedures
- Intermediate level computer technology skills
- Strong analytical, attention to detail, and organizational skills
- Effective oral and written communication skills
- Ability to work with a diverse group of people in a collaborative environment
- Ability to handle multiple projects and thrive in a fast-paced environment
- Familiar with a variety of the field's concepts, practices, and procedures
- Relies on experience and judgment to plan and accomplish goals
- General understanding of organizational charts
Desired Qualifications/Skills:
- Multi-family acquisition and disposition experience
- Single Family Build-to-Rent acquisition and disposition experience
- Student Housing acquisition and disposition experience
- General understanding of real estate development and new construction practices
Work Schedule: Works 8-hour shift during core business hours of 7:30am-5:30pm; three days per week is remote work from home and two days per week in Des Moines Office
Physical Requirements/Environment: The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
BH/B.HOM is an Equal Employment Opportunity Employer. We foster the diverse voices of our community by advocating for inclusivity, celebrating our differences, and continually evolving our practice to make BH/B.HOM a better place to work and live.
