Perform financial modeling for the Boston brokers to facilitate client decisions and assist with transaction negotiations
Review and interpret transaction proposals, complex legal documents, contracts and other agreements
Provide occupancy cost projections for the full spectrum of real estate transactions including leases, subleases, lease vs. purchase, acquisitions & dispositions, consolidations, sale-leasebacks, build to suits, ground leases, blend & extends, early terminations, etc. and other economic models, on a cash and accounting (GAAP) basis
Research, analyze, and perform financial modeling of key data and assumptions including rent, free rent, operating expenses, tenant improvements, cost of debt, real estate taxes, utilities, expense escalations, construction costs, discount rates, etc.
Perform cash flow analysis and derive financial evaluators including Cash on Cash, Payback Periods, Present Values, Net Present Values and Internal Rate of Return (IRR)
Perform accounting (GAAP) analysis and derive financial reporting results including straight line rents, deferred rent credits, fixed asset amortization schedules, asset and liability balance sheet entries and estimating write-downs and impacts from lease exit activities including early termination, subleases and blend & extends
Create Mark to Market studies and other portfolio level analytical presentations utilizing Power BI
Use in-house and third party real estate tools including CoStar to perform research on markets and transactions to support analytical integrity
Prepare presentation ready summary documentation including spreadsheets and detailed graphics to illustrate cash flows and accounting impacts and other metrics
Support a variety other consulting services including portfolio studies, benchmarking, mark to market studies, vacancy & utilization analysis, lease accounting advice, broker opinion of value, fair market rent valuation, and labor & site selection services
Meet with clients to explain methods and results and customize analyses based on client requirements
Provide ad hoc financial advice and analysis for brokers, management teams and service line leaders as required
Maintain awareness of industry standards for financial modeling – investigate possible alternative methodologies, software, and approaches
Participate in and contribute to business development activities including client meetings
Collaborate with internal teams from brokerage, valuation, finance, operations, and investor services to insure robust solutions and recommendations
Establish sound strategies and methods to ensure timely and effective deliverables and communication with senior leaders and clients
Develop and maintain working relationships with other industry professionals
Bachelor Degree in Finance, Mathematics or Economics or related discipline
CPA or MBA preferred
Previous Real Estate Accounting Experience a plus
3 - 7 years of commercial real estate experience including significant financial analysis
High proficiency with Microsoft Office Suite including the ability to produce high quality presentations using Power BI, PowerPoint and Word
Advanced knowledge of Microsoft Excel and financial analysis including producing sophisticated charts, graphs and pivot tables
Strong understanding of real estate related accounting rules and the new lease accounting standards (ASC 842)
Demonstrated ability to multi-task and maintain efficiency of workload and possess the ability to work quickly and with accuracy
Excellent interpersonal skills – ability to adapt to different work styles and personal styles, as well as demonstrated skills in effective client interaction
Effective and efficient time management and organization skills – ability to work well under time pressure, managing multiple client projects with time-sensitive deadlines
Well-organized and self-directed and comfortable working in a team environment
Proven record of providing excellent internal and external customer service
Excellent oral and written communication skills – communicates effectively and is comfortable explaining analysis and accounting concepts to people with non-financial backgrounds
Ability to respond effectively to inquiries or complaints
Must be motivated, trustworthy, and possess uncompromising ethical standards
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.