Senior Analyst - Finance

The Senior Analyst position (“SA”) in CDP’s Finance department is suited to early/mid-career individuals with 2-5 years prior experience in real estate finance and investments, preferably focused in a related real estate sector (student housing or multifamily). Candidates should possess demonstrated experience in all aspects of real estate project finance analysis including market research, demand analysis, investment analysis and DCF modeling.  Attention to detail, an ability to consistently meet deadlines, and proficient written and verbal communication skills will be necessary for success in the role, as well as a team-oriented mindset as the role will operate as part of a collaborative development team.  

Essential Functions: 

The Senior Analyst will have developed skills and knowledge specifically associated with real estate project finance and investments. A successful SA will be able to analyze, model and perform preliminary underwriting of new development projects under a variety of financial transaction options, as well as the other responsibilities in this job description, with minimal to moderate oversight from their Reporting Manager:

1. Under the limited guidance of the Reporting Manager, the SA can:
   1. Analyze the financial viability of transaction structures and funding options in the context of CDP’s new development projects, running sensitivity analysis and structure scenario comparisons on both initial project capitalizations and future dispositions
   2. Prepare investment memorandums and other finance-related materials for presentation to various audiences including internal leadership, clients, investment committee, and capital providers
   3. Generate initial narrative drafts of finance proposals for P3 project pursuits
   4. Generate draft meeting agendas and minutes for finance related meetings for review and finalization by Reporting Manager
   5. Review and provide comment on project agreements, joint venture agreements, and other contracts relating to project transaction structures
   6. Participate materially in, and lead components of, financial closing efforts with a focus on efficiently and effectively managing the due diligence process and closing checklists
   7. Actively participate in meetings, presentations, and negotiations with clients, financial partners and other team members / partners
   8. Travel to national and regional conferences as a representative of CDP with internal team members, clients, financial partners, etc.

1. The SA can independently (without support from the reporting manager):
   1. Create and maintain accurate and comprehensive preliminary real estate project pro forma models (using MS Excel) for projects in all phases of the predevelopment period (procurement, engagement, and closing), as well as some continuing forecasting responsibility for projects in construction and operations
   2. Perform independent quality control reviews of all finance-related materials, including project pro forma models, resulting in a high degree of accuracy and reliability
   3. Prepare university credit analysis and market research for new potential University partners and/or markets in which we are considering new developments
   4. Generate and maintain a schedule of projects, tasks, and action items for CDP’s finance division for regular review and discussion with the reporting manager and CDP leadership
   5. Conduct ongoing capital market monitoring and research, presenting relevant market updates to company leadership on no less than a quarterly basis
   6. Coordinate with CDP’s Asset Management division to review and provide input into preliminary project O&M and capital renewal budgets, conduct ongoing analysis of company investment performance, and updates to project pro forma projections

Experience, Skills and Education:

• Bachelor’s Degree in relevant field (Finance, Real Estate, etc.)
• 2-5 years of relevant experience in commercial real estate investments and financial modeling (required)
• Demonstrated understanding of financial concepts related to project finance and investments (DCF analysis, financial statements review, GP/LP dynamics, cash flow waterfalls, etc.)
• Candidate must:
  • Possess exceptional analytical, written and verbal communication skills
  • Possess strong attention to detail and an ability to generate work product with a high degree of accuracy
  • Be eager and able to learn new concepts quickly
  • Be highly self-motivated, with a strong work ethic and sense of ownership over role and work product
  • Be able to provide and receive thoughtful input and constructive criticism
  • Be able to manage and prioritize tasks for multiple projects simultaneously, consistently meeting deadlines established by the reporting manager
• Intermediate to expert proficiency in Microsoft Excel (required)
• Proficiency with MS office suite including Word & PowerPoint
• Proficiency with market research platforms like Co-star or RealPage / Axiometrics
• Travel requirements: 15-30%

Pay Range: $85,000 USD - $100,000 USD

CAPSTONE DEVELOPMENT PARTNERS, LLC (CDP) is a student housing and campus facilities real estate development company exclusively focused on working with colleges and universities in public private partnerships. The Principals of CDP have a combined experience of more than 50 years helping colleges and universities overcome real estate development and housing challenges. Our mission is unique to the student housing industry in that we focus on projects where we are in partnership with the university— rather than simply building apartments in a community with little regard for its plans, its institutional objectives or its long and short-term goals. We have built our reputation on collaborating with schools and respecting and burnishing the unique campus culture of our partners. We work hard every day to establish creative solutions that align the interests of the municipal, private and university project stakeholders, inclusive of housing and student life professionals, finance executives, presidents, facilities personnel, and the many others involved in development on or near a college campus.

We value the unique qualities that exist on the campuses spanning the country and respect the individual quality and characteristics of a school. We don’t approach a project with a preconceived formula of how a structure should be crafted because of what we did on some other campus. Our philosophy is not “One size fits all.” Instead, as our Chairman Emeritus, Mike Mouron often says, “We cut the pattern to fit the cloth.”