Federal Realty Investment Trust

  • Portfolio Financial Manager

    Job Locations US-MA-Somerville
    Posted Date 1 week ago(11/8/2018 3:40 PM)
    Job ID
    2018-1432
    # of Openings
    1
    Category
    Finance
  • Overview

    Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and mixed use center in our portfolios and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.

     

    We are currently sourcing for an experienced Portfolio Financial Manager who will manage the forecasting and assist in the management of a division of assets within Federal Realty’s New York/Boston/Chicago portfolio. The portfolio consists of 21 properties which comprise grocery anchored shopping centers and neighborhood lifestyle centers located in the Boston, Detroit and Chicago metropolitan regions, Long Island and Queens in New York. Currently there is over 4 million SF of GLA valued at approximately $1.5 billion. The successful candidate’s responsibilities will be focused on financial performance and divisional reporting/forecasting. The Portfolio Financial Manager will partner with the Vice President, Finance and the Vice President of Asset Management for the division - providing input and direction on how to best manage the portfolio of assets to achieve maximum value creation.  This person will be a team player working with leasing, legal, lease administration, development, operations, collections, marketing, and tenant coordination.  The ideal candidate will have the highest level of personal integrity, intelligence and broad thinking characteristics to succeed.

    Responsibilities

    • Create, maintain, and analyze detailed 10-quarter rolling cash flow forecasts for each property and consolidate for the division
    • Manage annual budget process, tracking deadlines, and partnering with team to achieve regional and corporate financial objectives
    • Perform budgeting and forecast variance reporting on a quarterly and annual basis
    • Review reporting of portfolio financials
    • Minimize portfolio bad debt through active management of watch list tenants and interaction with the Trust’s collections department
    • Manage real estate tax expenses through tracking of assessments, review of bills, and interaction with tax counsel on potential appeals
    • Provide detailed analysis of lease transactions including incremental yield, value creation, credit analysis, and financial recommendation
    • Prepare financial analyses for development and redevelopment projects
    • Additional projects as requested by the Vice President, Finance and Asset Manager

    Qualifications

    • 3-5 years of financial experience with retail real estate owner, manager, or real estate consulting group
    • Excellent financial analysis skills including thorough knowledge of Microsoft Excel at an intermediate to advanced level 
    • Intermediate or higher level of proficiency in Argus Enterprise or similar real estate modeling software required
    • Bachelor’s degree in finance, accounting, or real estate concentration preferred
    • Motivated, self-starter with the ability to work with minimal supervision and to function in team environment by effectively communicating and sharing information with people in other departments within the company
    • Excellent interpersonal, verbal and written communication skills
    • Highly organized and efficient with the ability to handle multiple projects, think creatively and set priorities
    • Familiarity with accounting systems preferred

    Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or protected Veteran status.

    Values

    Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.

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