Intern - Finance - Summer 2024

LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150,000 units in markets across the United States.

Our business is focused on making real estate more valuable. But for us, it’s more than that. It’s people first, community always. It’s a life-filled career, not just a career-filled life. It’s doing good work, with good humans, and making a difference. It’s excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people – and places – better than we found them.

Whew! Still with us? Cool. Let’s talk about where you’d fit in.

Here’s the deal:

Our Finance Internship was created to develop and invest in future talent. We call them interns but really, we are talking about future leaders. These super cool humans are hired for a 10-week immersive experience where they learn the fundamentals of financial planning, analysis, and reporting in addition to experiencing the culture of LivCor (which, by the way, is pretty great).

During the ’internship’, you will support a range of projects that directly help our business grow and become even better. We immediately welcome you as a part of our collaborative culture and give you the opportunity to build enduring relationships with your fellow interns, team leader, and assigned mentor.

You also have the opportunity to meet a lot of interesting people through organized social events (we desperately don’t want you to think we are talking about networking because that really doesn’t capture what you can get out of this). Finally, you will work with an assigned mentor to own your capstone project and knock the executive leadership team’s fancy no-show socks off. You may work on other things that we haven’t thought of because our crystal ball is broken and we’re pretty flexible here.

Our 2024 summer analyst internship program will begin June 2024 and last through August 2024. To be eligible, you must be a college rising senior during the time of the internship program. This position is based out of LivCor’s headquarters at Willis Tower in Chicago, IL.

Here is some of the technical stuff the Finance folks think you might work on:

• Financial Planning & Analysis
  • Perform detailed review of financial variance reports prepared by operating partners and utilize data mining to identify any operational or performance concerns and the underlying drivers
  • Based on financial performance analysis, suggest ways to increase efficiency, increase operational or financial performance of assets with guidance from asset managers and FP&A analysts
  • Assist team during the mid-year reforecast process (at the property level): analyze property performance against original budget and trend for the rest of the year; utilize reforecast templates (utilizes Oracle PBCS) and tools to develop mid-year reforecast; work interactively with FP&A team and asset managers to finalize reforecast; observe/prepare summary reports and communicate to executive leadership team
• Capital Analytics
  • Work closely with the capital analytics team to analyze CapEx projects, ROI, and redevelopment opportunities throughout the portfolio
  • Assist with triangulating data and telling the story behind the data
• Financial Operations
  • Leveraging LivCor’s vast stores of data for purposes including, but not limited to: new business insights, forecast process improvement, forecast accuracy & storytelling for executive leadership
  • Delivering closest-to-the-pin Rental Income Budgets and Forecasts backed by best-in-class technical processes and modeling fundamentals
• In general, you could have the opportunity to:
  • Aggregate and review macroeconomic and industry data impacting the multifamily sector including employment, wage and job growth; new supply; rent and occupancy trends; and lease trade out data.  Prepare related summary tables, graphs, and commentary
  • Assist team in the preparation and review of monthly portfolio financial reporting package:  Includes extracting and aggregating portfolio data; preparing summary spreadsheets, graphs and tables; and evaluating performance metrics
  • Utilize and maintain business intelligent tools and dashboards in Power BI; familiarize with visualization best practices in presentation financial and operations data
  • Assist with cross-functional projects and analysis with various departments within and outside of Finance department
  • Sharpen communication skills via emails and presentations to other team members, department heads, asset management team, and operating partners
  • Perform special ad hoc projects and analyses on a frequent basis for department heads and Blackstone asset management team
• All of that is really important and technically relevant but also please be kind, fun, and funny

Here’s a little about what your background might be:

• Pursuing a degree in accounting, finance, real estate, economics, or business with a finance/accounting concentration
• Must be a college, rising senior during the time of the internship program
• Working knowledge of MS Word and PowerPoint; advanced knowledge of MS Excel preferred
• Ability to prioritize and multi-task in a fast-paced environment
• Excellent organizational skills and attention to detail
• Excellent analytical and problem-solving skills
• The ability to laugh at yourself
• A commitment to doing things differently and making the world a little bit better
• A naturally collaborative nature
• Ambition without ego
• Ability to work in Chicago in a full-time capacity for 10 weeks, beginning in June of 2024

What we offer:

We know that if we take care of our team everything else will fall into place. We aren’t perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to kickstart your career.

Our culture and values matter to us. A lot. We’re definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn’t be rocket science in workplaces, but for some reason it still is? We’re absolutely determined to be different, and we think we’re doing a pretty good job at it. We have a CEO who makes fun of himself, and who will encourage you to tell him when he is wrong. In fact, he needs people to – we all do. Supportive challenge is good, it’s how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn’t at the end of this paragraph because it’s an afterthought. It’s SO important to us we want it to stand out.

If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don’t like. So, whatever you do, don’t make that mistake.

The LivCorian Values

1. Be you. Be Real. Be Open. You do you. Together, we will do something amazing.
2. Care, Always. We don’t want to let anyone down.
3. Courageously Curious. We love to learn, even when it hurts.
4. Help Others Win, Be A Good Neighbor. This is about ‘We, not Me.’
5. Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com.

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