Investments Associate in Charleston, SC at Lennar Homes

Date Posted: 9/13/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Experience:
    Not Specified
  • Date Posted:
    9/13/2021
  • Job ID:
    2021-19699

Job Description

Overview

Our Company:

LennarSFR is the single-family rental division of Lennar Corporation. LennarSFR provides high quality, newly-built rental homes, townhomes and condos at affordable prices across the United States.
Responsibilities

Summary of Position:

LennarSFR (LSFR) is seeking an Associate to become the third employee on a newly launched Single Family Rental (SFR) investment management platform. The Associate will contribute to the execution and implementation of the Platform’s strategy by engaging in all investment management core competencies (acquisitions – portfolio management – asset management – research – and deal structuring).

LSFR is driven by data, analytics, and technology, and supported by a mature parent organization to create maximum value for its investors. LSFR’s goal is to become a top five player in the SFR space in the next five years. If you are interested in building a large business, being a master of many investment roles, and be a team player; this role is for you. It will be a ton of work, and it will also be a ton of fun!

LSFR is a wholly owned subsidiary of Lennar Corporation (LEN, NYSE). Founded in 1954 as a local Miami homebuilder, Lennar Corporation now operates a diversified national platform. In fiscal year 2020, the firm delivered 51,491 new homes and became the nation's largest homebuilder in terms of consolidated revenues, at $22.3 billion. Lennar Corporation’s core principles of Quality, Value and Integrity are the underlying foundation upon which it was built. The firm is committed to the highest standards of corporate governance, business integrity and professionalism.

Principal Duties and Responsibilities:

General

  • Provides support and assistance to key business leaders and others by fielding questions and requests and gathering data and reports as necessary
  • Assist in the development of scalable infrastructure to drive decision making using technology and business intelligence tools
  • Engage with teams across the Lennar organization and third-party consultants, including research, technology, finance, and field operations, to achieve financial and operational success

Acquisitions

  • Conducts financial analysis of investment opportunities, including the creation of detailed pro-forma and financial models
  • Gathers, compiles, investigates, and analyzes market data to identify potential investment opportunities
  • Prepares narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions and manages on-going communications related to those transactions
  • Coordinates third-party pre-acquisition appraisal process

Portfolio Management

  • Perform monitoring, reporting and proactive problem-solving of the Company’s existing portfolio of assets to optimize performance
  • Participate in investor portfolio reviews to understand each investment’s fundamental profile relative to underwriting and work closely with senior leadership to communicate findings to investors
  • Establishes and maintains productive relationships with equity partners, lenders, and other key stakeholders
  • Coordinates third-party annual appraisal process

Asset Management

  • Conducts financial analysis, analyzes trends, and prepares narrative memoranda, detailed reports, and market summaries that provide insights on property level performance
  • Develops recommendations on key findings that may affect the return and financial performance of the asset(s)
  • Establishes and maintains productive relationships property management and other key stakeholders,
  • Coordinates with consultants related to real estate tax appeals

Qualifications

Education and Experience Requirements:

  • College degree required
  • Three (3+) years of experience in real estate investment management, private equity or investment banking
  • Strong quantitative and analytical skills required
  • Excellent written and verbal communication skills required
  • Highly proficient in Excel, Word and PowerPoint
  • Ability to handle large volume of work; good organizational skills and ability to prioritize to meet deadlines

Physical Requirements:

This is a position which requires the LSFR Associate to be able to view computer screens, mobile devices and other electronic equipment, paper reports, and journals for extended periods of time where visual strain may result. Must be able to frequently walk, stand, and climb stairs in and around construction sites, communities, homes, models and properties. Also, must have the ability to speak, hear, bend, stoop, reach, lift, and move and carry up to 20 lbs. Finger dexterity is necessary. Regular travel is required to visit communities and offices throughout the region, and to attend training classes, business meetings, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.

Additional Requirements:

  • Interpret and present analysis thoughtfully, converting into strategy and execution
  • Keen sense of curiosity about the industry, keeping up to date with industry happenings
  • Develop expertise across a broad spectrum of issues
  • Collaborate across organizations and manage stakeholders

#CB#KW
Type
Regular Full-Time

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.

Join Our Talent Network

Text LENNAR to 51893
to get started today!