Financial Analyst- Multifamily Asset Management

Bluecrest Residential (“Bluecrest”) is a privately owned real estate investment company headquartered in Newport Beach, CA. Bluecrest principals have owned and operated a multifamily portfolio totaling more than 16,000 units and in high-growth secondary markets. Bluecrest’s competitive advantage stems from its long-standing industry relationships and its fully integrated property management, asset management, and data analytics platform.

Since 2018, Bluecrest principals have been investing preferred equity in multifamily assets on behalf of large institutional investors. In 2022, Bluecrest principals were the largest seller of multifamily in the US and has consistently delivered exceptional results, with deal level IRRs exceeding 30% annually since inception. Going forward, Bluecrest is looking to acquire high-quality multifamily assets across the Sunbelt and continue to invest preferred equity in multifamily development projects.

Bluecrest is adding a Financial Analyst to support our multifamily investment team in Newport Beach, CA. The Financial Analyst will work on asset management primarily. They will provide support for overall operational performance and the financial metrics of an assigned portfolio of properties. The role involves overseeing analysis and implementing strategies and initiatives across the portfolio. It also includes assessing market and submarket data, evaluating property performance, and developing, communicating, and executing investment plans and strategies at the property level. The ideal candidate will be detail oriented, organized, and business writing skills. They will work directly with an experienced, close-knit team looking to rapidly scale our investment portfolio. The ideal candidate will have strong organizational and analytical skills and be an effective problem-solver.

Responsibilities

·         Create and implement strategic business plans for each multifamily asset to enhance performance based on profitability, returns, reputation, and resident satisfaction. 

·         Identify opportunities for value creation through operational efficiencies, capital improvements, or best practices as part of the asset strategy. 

·         Gather, understand, and analyze market data to identify risks, trends, and opportunities for value creation. Examine industry standards, surveys, benchmarks, and economic trends. 

·         Continuously review financials and operating reports to track performance. Provide analysis and scenarios to support strategic decisions and assess performance. 

·         Create executive summaries and investment memorandums.

·         Work with closing team on completing checklist items.

Skills/Software:

·         Advanced computer skills

·         Internet research

·         Microsoft Word and Excel

·         Adobe Acrobat

Requirements

• Bachelor's Degree in Finance, Economics, Accounting, Business or related field.

• You have at one to three years of experience in multifamily real estate finance.
• You have at least one year of experience in Multifamily Real Estate.
• You have at least one year of experience as a Financial Analyst.
• You have advanced computer skills; including Word, Excel and Adobe Acrobat.
• You have excellent interpersonal and communication skills.
• You have excellent writing skills.

Benefits

Competitive Salary- The salary for this position will be determined based on the candidate's total relevant experience. Relevant experience would be 1-3 years underwriting multifamily acquisitions. We anticipate the salary range to be from $70,000 to $100,000.

Performance Bonuses- Our corporate team participates in performance-based bonuses. This bonus package is an extensive part of the overall package.

Paid Time Off- Unlimited DTO starting upon hire.

Mentorship- Work with an experienced team of multifamily investment professionals.

Holiday Pay- 10 full paid holiday.

Paid Volunteer Hours- 8 hours of paid volunteer time you can use throughout the year.

Housing Discounts- 25% off rent available for all employees off any unit.

Comprehensive Insurance Benefits- Medical PPO, HDHP, FSA, HSA with employer match

Dental, Vision, STD, & LTD.

Retirement Plan- 401K with a 25% company match up to 6%.

Travel & Personal Discounts- Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount).

Certification Reimbursement- Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more!

Tech Forward & Transparent Culture- Innovative internal software to make your job easier!

Cultural Appeal- We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!

EOE