What are the responsibilities and job description for the Analyst position at The Church of Jesus Christ of Latter-day Saints?
Job Description
At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs.
As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.
Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.
The Analyst provides strategy, research, financial analysis, data modelling, and technical support in valuing assets and evaluating asset and portfolio returns, performing in-depth market research, and running portfolio optimization analytics.
Analysts will work on multiple projects supporting all aspects of the investment process, utilizing a range of skills. Analysts will interact with professionals across multiple functions, including the Transactions, Asset Management, Land, and Finance teams, and will also work with global teams related to third-party advisory work and private REIT sponsors.
Analysts in this position will be exposed to institutional strategy, research, investment, and asset management activities as well as access to industry-leading market participants in the United States, Europe, and Asia Pacific.
Responsibilities
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord’s work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings— giving Church members places to worship, teach, learn, and receive sacred ordinances—our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.
At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs.
As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.
Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.
The Analyst provides strategy, research, financial analysis, data modelling, and technical support in valuing assets and evaluating asset and portfolio returns, performing in-depth market research, and running portfolio optimization analytics.
Analysts will work on multiple projects supporting all aspects of the investment process, utilizing a range of skills. Analysts will interact with professionals across multiple functions, including the Transactions, Asset Management, Land, and Finance teams, and will also work with global teams related to third-party advisory work and private REIT sponsors.
Analysts in this position will be exposed to institutional strategy, research, investment, and asset management activities as well as access to industry-leading market participants in the United States, Europe, and Asia Pacific.
Responsibilities
- Conduct detailed macro/micro research focused on specific markets globally to determine change in rental rates, cap rates, market absorption, transaction activity, construction trends, population growth, job growth and industry concentration for investment and development opportunities and corporate strategy.
- Analyze investment opportunities through market research, in depth financial analysis, and complex Argus and Excel financial proformas and modelling.
- Perform analysis of maintenance cycles and expenses, efficient use of space, capital expenditures, trends in tenant needs, etc.
- Act as a key point of contact, providing information concerning the status of projects to management and investment leaders by keeping detailed project files, attending all applicable meetings and conference calls, and producing high-level reports as needed.
- Coordinate, compile, review and summarize property-related or investment due diligence materials. Work with advisors, brokers, architects, contractors, and principals on issues related to project and asset due diligence. Coordinate with appraisers and other due diligence vendors as required.
- Monitor project budgets and schedules for significant variances.
- Write reports, memoranda, executive summaries, investment briefs, and presentations related to potential investments and present findings at transaction review, private REIT committee, investment committee meetings, and board meetings of the investment vehicles.
- Create reports and presentations to visually capture overall and individual asset performance for senior management and investment committees.
- Be familiar with and follow approved policies and procedures as set forth by the organization.
- Utilize and leverage expertise in Argus and Yardi daily, acting as a subject matter expert for these platforms within the team.
- Contribute to the improvement of existing processes and promote the adoption of best practices as related to the above duties and responsibilities.
- Contribute to strategic projects and support the broader team with other duties as assigned.
- Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy.
- Bachelor’s degree in business, finance, economics, accounting, or related field. Internships or real estate exposure is a plus.
- 1-3 years of commercial real estate financial experience.
- Keen interest in real estate and financial markets.
- Ability to understand financial statements and market analyses.
- Solid understanding of financial concepts with time value of money
- Good understanding of accounting and experience in financial analysis and modeling
- Ability to prioritize in a fast-paced environment to execute a wide range of assignments without compromising quality.
- Ability to be flexible and adapt with a demonstrated grit in completing complex tasks and projects.
- Excellent verbal, written, and interpersonal communication skills.
- Interact with employees, visitors, and business partners with poise and diplomacy.
- Demonstrated fastidiousness, accuracy, and precision in all aspects of analysis and reporting.
- Excellent analytical, quantitative, and problem-solving skills.
- Keen to add value within a team, ability to work independently and as a member of a team. Courage to ask questions.
- Positive attitude, fostering a collaborative and dynamic work environment.
- Strong work ethic, entrepreneurial spirit; passion for excellence, and desire to learn.
- Demonstrated proficiency in Microsoft Office software with intermediate to advanced Excel and PowerPoint skills.
- Aptitude to become proficient in Argus real estate modeling software essential. Prior experience with Argus is a positive.
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord’s work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings— giving Church members places to worship, teach, learn, and receive sacred ordinances—our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.