Analyst

Pembroke

Pembroke is an international real estate advisor that acquires, develops and manages properties and places – specializing in mixed-use and office environments in the world’s leading cities. We believe that properties that stand the test of time deserve a lot of time. So we take a different approach: a thoughtful approach. 

Facilitating patient capital of FMR LLC (Fidelity Investments) and Eight Roads, the proprietary investment arm of FIL (Fidelity International Limited), we invest in global markets with long-term growth potential.

Over the past twenty years, we’ve grown to include offices in Boston, London, Stockholm, Sydney, Tokyo, and Washington DC, and manage approximately 762,000 sq m/8.2m sq ft in North America, Europe, and Asia Pacific. By combining a global point of view with local expertise, we’re able to create and manage world-class properties that deliver the best outcomes for our tenants, investors and the communities in which we work.

At Pembroke, we’re united by a belief that real estate is more than just buildings. Our mission is to create long-term value through our global expertise, local knowledge and passion for real estate. Comprised of experts across a variety of fields, our team consistently strives for excellence, achieves with integrity and embraces collaboration. Working together, we create places people love.

For more information, visit our website:

Overview

Pembroke Boston is looking to hire an Analyst reporting into the Asset Manager to join the US Asset Management Team and support operations in Boston, Washington DC and San Francisco. The primary areas of responsibility include qualitative and quantitative analysis of leasing and valuation matters, financial modeling, annual budget preparation for selected assets, research and market review to support leasing negotiations, capital expenditure projects and long term asset strategies such as hold, sell and financing decisions. In addition, there will be assistance with portfolio analysis, investor reporting and presentations. Candidates will preferably have either an education in, or experience with commercial real estate investment and analysis, and will possess strong quantitative skills.

Responsibilities

• Participate in regular property management meetings for each US asset and work closely with property management teams to answer questions, strategize on asset enhancement or risk reduction, and ensure all assets are meeting Pembroke operating standards.
• Work with the US Asset Managers and leasing brokers to underwrite, negotiate and execute lease transactions and also periodically correspond with such tenants upon occupancy.
• Work closely with Pembroke’s Marketing Team and third-party brokers to ensure properties are strategically marketed through cycles. Develop local market expertise and work with the team to provide recommendations and create new strategies.
• Collaborate with colleagues and asset representatives to build annual budgets and business plans for senior management review, whilst tracking performance against budget throughout the calendar year.
• Build and maintain financial models utilizing both Excel and ARGUS Enterprise to project detailed cash flows and investment returns for asset management decision-making, such as discounted cash flow analyses related to potential lease transactions and capital projects.
• Undertake credit analysis of tenants and apply market data (including rent and sales comparisons) to valuation analysis of assets and portfolio. Perform quarterly and ad hoc asset valuations in ARGUS and Excel.
• Assist in development of investment recommendations based on underwriting assumptions and appropriate return parameters. Develop market knowledge to assist in defining assumptions to drive value.
• Gather market, leasing and forecast data and help maintain research databases.
• Collaborate with a global team to improve existing IT platforms and ensure critical US asset management data is kept secure, up to date and organized for team use.
• Liaise with external appraisers to ensure the accurate delivery of annual property valuations for all Pembroke US assets.
• Prepare materials for the quarterly reporting process as well as prepare regular and ad hoc reports for review by senior management.
• Assist in investment underwriting and development management activities, including the production of investor reports at asset and portfolio levels.

Qualifications

• Bachelor’s degree in finance or business/economics/real estate, or related field required.  
• 3-5 years of demonstrated experience in business, real estate, economics, or finance, including underwriting and valuation with a reputable private and/or institutional investor.
• Excellent Excel, analytical, cash flow modelling, and due diligence skills.
• Experience in Yardi (preferred, not required), and proficiency or ability to learn ARGUS.
• Excellent written and verbal communication skills and strong presentation/ PowerPoint skills.
• Demonstrated ability produce results, meet deadlines, and manage complex and shifting priorities.
• Attention to detail coupled with ability to see the bigger picture.
• Excellent networking skills and intrapersonal skills.
• Collaborative and team-oriented work style, and an entrepreneurial / motivated character.
• Demonstrated interest in real estate and desire to develop within the industry.