• Manager – ROI and Capital

    Job Locations US-IL-Chicago
  • The Manager - ROI and Capital - Multifamily will join a team of financial professionals responsible for redevelopment opportunity analysis, underwriting, monthly/quarterly investment performance reporting, performance analysis, budgeting, reforecasting, and various ad-hoc dynamic analysis.  The Manager - ROI and Capital will interact extensively with LivCor asset management and executive leadership, Blackstone multifamily asset management, Revantage (LivCor’s affiliated real estate services company) accounting and treasury, and LivCor’s operating partners.  The Manager - ROI and Capital will be responsible for operational/financial reports and analysis presented to Blackstone and LivCor’s executive leadership team. The position reports to the Senior Vice President of Financial Reporting and FP&A and assumes frequent interaction with ROI and Construction Regional Directors.  The position currently has two analyst direct reports.

     

    The ideal candidate will convey a passion/curiosity for real estate investment, possess the ability while working with industry leaders to develop large scale dynamic predictive analytics, constantly work to identify, scale, and automate repetitive functions, be coachable, and have a strong desire to learn and grow in the field

    As the Manager - ROI and Capital, one is held accountable to, however, not limited to, the following job functions: 

    • Reviewing and analyzing monthly ROI and Capital reporting: Includes reviewing summary spreadsheets, graphs and tables; evaluating performance metrics; highlighting notable issues and trends; and developing meaningful and insightful commentary to be presented to the ROI/Capital leadership teams
    • Review quarterly ROI, redevelopment and Capital Board materials: work with team on high profile deliverable presented to Blackstone senior leadership team at the quarterly board meeting
    • Lead the annual budget and reforecast processes: lead the budget process for unit renovation, common area redevelopment and capital; utilize budgeting templates (utilizes Oracle PBCS) and tools to develop initial budget; work interactively with renovation/redevelopment/capital teams to finalize the budget; prepare summary reports and communicate to executive leadership team
    • Assist the Operations, Redevelopment and Capital teams in developing short, medium, and long-term strategies for each property
    • Administer training to operating partners on use of renovation and capital systems and processes
    • Maintain and optimize the unit renovation, common area redevelopment and capital databases and processes
    • Create and maintain financial and operational dashboards to better assist the asset management, pricing, and marketing teams
    • Vigilantly and proactively participate in a continual process improvement initiatives
    • Develop processes that save time while maintaining the highest quality standards, design data rich and aesthetically pleasing, leverage internal and external resources to efficiently achieve goals
    • Prepare ad-hoc analyses for upper level management

    REQUIRED QUALIFICATIONS: 

    • 6+ years of relevant experience in FP&A within a commercial real estate firm
    • Bachelor’s degree in economics, finance, real estate or accounting
    • Experience managing a team of 2 or more people
    • Demonstrated analytical acumen
    • Strong work ethic: strength to thrive in a dynamic and demanding work environment, ability to meet critical deadlines, capable of critical self-reflection and honest assessment of performance, desire to learn and continued self-improvement, motivated by desire to achieve excellence
    • Proficiency with Excel and PowerPoint: efficient database sourcing, utilization of standard Excel functions (sumif/s, v/hlookup, index/match, indirect, pivot tables, data tables, filters) to aggregate and summarize data, creation of graphs in proper context of data presented, use of best practices for insuring data integrity, design of executive/board level presentation quality outputs
    • Strong understanding of accounting, GLs, TBs, and capital policy
    • Proven history of building out sophisticated and dynamic databases (Or working with a database team to accomplish)
    • Excellent oral and written communication skills, self-confidence to lead a meeting and discuss financial results with executive leadership team or Blackstone asset management team

     

    PREFERRED QUALIFICATIONS: 

    • Candidates with experience with industry specific data and software will be given strong preference
    • Intermediate skills with project management software and Microsoft Office Suite and VBA Programming/Microsoft Power Suite (PowerBI and DAX, PowerQuery and M Language, PowerApps)
    • Knowledge of Oracle PBCS or similar budgeting software is a plus
    • Knowledge of revenue management software/systems (pricing)
    • Strong preference for multifamily experience

     

    LivCor is a real estate firm headquartered in Chicago, Illinois. Formed in 2013 as a portfolio company of The Blackstone Group (NYSE: BX) LivCor specializes in multifamily properties throughout the U.S. In collaboration with its operating partners, LivCor oversees the management of its properties furthering a mission of maximizing return for investors while offering best in class service to residents. LivCor oversees a portfolio of 200+ Class A and B multifamily properties comprising approximately 65,000 units located in primary, secondary and tertiary markets across 20+ states.

     

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