Location: San Diego, CA
Company: Fairfield Residential
for an intern to assist the Portfolio Management group in the forecasting, valuation, portfolio analysis and investor reporting of our funds and joint ventures. This person will work alongside our analysts, portfolio managers, asset managers, developers, executives and property management team to help develop investment business plans by providing the necessary information to make key investment decisions.
At the end of the internship program, the intern will present a capstone investment opportunity to Fairfield's Investment Committee. Duties may include: Monitoring of a portfolio of assets including variances from plan and forecasting Report on and present portfolio and asset performance
relative to budget, proforma and/or industry benchmarks. Working with the acquisitions team to create cash flow projections for properties identified as potential investments.
Performing various other types of analysis such as complex financial modeling, valuations, projections, market research and performance ranking. Working with the development team to assist with preparing, modifying, and updating the development proformas using our in-house proprietary models. Working with the asset management team to complete weekly review of property metrics and status including vacancy, rental rates, traffic, delinquencies. Conduct review of property financials vs. budget and work with Property
Management to address variances. Shop competitor properties with a member of the Asset Management Team Assist in preparation of Asset Management kick off meeting materials/attend kick off meeting Receive Asset Management Dashboard training Support various departments as necessary with preparation of reports, analysis and special projects including making presentations.
Identify regional, national and market trends Maintain ownership and responsibility for the accuracy and timeliness of all workflow Comply with all Fairfield standards, applicable health and safety rules and regulations, as well as applicable local, state and federal laws.
Any other duties or responsibilities that may be assigned Requirements: Strong quantitative skills Excellent communication ability (both oral and written) Ability to work on multiple tasks in a fast-paced environment Proficient in Microsoft Office (Excel, Power Point, Word) Desire to learn and grow professionally in the commercial real estate industry Outstanding organizational skills and ability to work under pressure to meet multiple deadlines Strong written, verbal, and interpersonal communication skills At Fairfield, we are proud to be a leader in the multifamily housing industry.
We are passionate about creating exceptional and luxurious apartment living. Among the most experienced multifamily companies, Fairfield has developed and acquired over 1000 communities since 1985. We are an award-winning company that proudly employs over 1,400 associates who are dedicated to serving our customers at our apartment communities located in over 30 markets nationwide. We have a great opportunity for you to work side by side with our passionate, bright and highly experienced professionals in the Multifamily Housing industry. Why consider us? Careers are made at Fairfield- We are committed to developing our staff through our robust in-person, online and social training.
Promotions from within are encouraged. Environmentally Aware- Fairfield leads the industry through our Living Green Program and our LEED Certified communities. Award Winning- Fairfield is recognized for our customer service, training and professionalism. Estimated Rate of Pay: $20.00 - $25.00This position is non-exempt; the range above reflects hourly rates. The pay range displayed for this position is determined by skills and experience required, location and job complexity. Potential job offers may vary based on the skills, education, and experience an individual candidate holds.
This range reflects base rate only, and does not include allowances, perks, commissions or bonuses applicable to this position (if any). In addition to base salary, Fairfield offers all full time associates the following, upon meeting eligibility requirements: Paid time off, paid holidays and sick days, paid time off for volunteering activities (optional) Matched 401(k) Medical, dental & vision insurance Flexible spending account Life insurance Pay range is a calculation based on a midpoint price. Fairfield complies with all wage and hour laws, including minimum wage and salary exempt requirements.
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