Due Diligence Associate
Woodland Hills, CA
Our associates are offered competitive salaries, experience career growth, and are eligible for benefit packages that include medical, dental, vision, 401k employer match, excellence rewards, wellness programs and much more. With our Sunday property operations office closures and over 15 PTO days, work/life balance is a priority! Additionally most positions are eligible for a housing discount of 20% or more if you live onsite.
Essex provides great communities in which to live, work and invest. We are a purpose-driven company, and we pride ourselves on promoting an internal culture of growth and opportunity by engaging, enabling and empowering our teams. Working at Essex is not a destination. It is a journey where you can confidently build your career.
Essex requires that all successful applicants must be fully vaccinated against COVID-19 as a condition of employment and provide proof of vaccination prior to commencement of employment. Essex is an equal opportunity employer and will consider requests for exemption from this policy as a reasonable accommodation consistent with federal, state, and local law. All offers of employment are contingent upon complying with Essex’s vaccination policy.
An organized and detail-oriented Due Diligence Associate who will support Essex’s Acquisitions, Development and Legal teams in underwriting and closing new real estate investments. This person will be responsible for leading the transaction due diligence process from inception to close, performing deal underwriting, leading property inspections,coordinating due diligence deliverables from internal and external teams and presenting to Essex’s Senior Management Committee. This person must be able to work independently, juggle multiple deals and accurately and thoroughly complete tasks, including developing budgets and coordinating property management transitions. Compensation and title will be commensurate with experience. This position requires travel throughout California and Washington State.
Responsibilities include, but are not limited to:
- Organizes and leads the due diligence, underwriting and closing process for properties under contract, including the documentation and recommendation for key findings that may affect the return and financial performance of the proposed deal, rent analyses, budget preparation, assessment of capital and staffing needs, and review of historical operating results.
- Works closely with senior management and has extensive interaction with the real estate community, including sellers, developers, lenders, brokers and third-party vendors.
- Prepares and presents internal underwriting materials, which includes financial modeling of real estate investments.
- Coordinates and leads due diligence and closing checklist calls.
- Facilitates and reviews third party reports to develop recommendations and ensure a smooth closing process.
- Travels to project sites and work with capital maintenance teams to evaluate asset condition, including potential code violations and any necessary repairs or other major capital needs, and to evaluate neighboring properties.
- Work collaboratively with other teams, including on-site and corporate personnel, to meet deadlines and manage deal flow.
- Bachelor's degree in Business, Finance, Economics, Real Estate, or another related field
- Three+ years of related experience in real estate property management or in a financial analysis role with experience in the California or Washington market a plus.
- Strong financial and analytical skills
- Ability to prioritize and manage a variety of tasks within a tight time schedule
- Strong communication skills, including an ability to compile written materials and present underwriting to Company leadership, as well as the ability to efficiently coordinate various teams across the Company