Job Description
COMPANY OVERVIEW
TruAmerica Multifamily is a Los Angeles-based investment firm specializing in acquisitions, value added asset management, capital improvement renovations and rehabilitation of Class B or better multifamily housing in the Western United States. With over 30,000 apartment units currently under management, TruAmerica has cultivated the best talents in the industry to create a first-class multifamily investment platform and asset management operation.
JOB SUMMARY
The role of the Portfolio Management Intern is to support the operations and Asset Management teams in the execution of strategic business plans. This position is also responsible for facilitating the company’s disposition and refinancing platforms. This internship is a paid position.
RESPONSIBILITIES AND DUTIES
Maintain and update property cash flow models, valuation models and portfolio rollups in MS Excel
Run hold/sell and disposition analyses to determine where the company has accretive sale opportunities
Assist the Portfolio Manager on all dispositions and refinances across the company’s portfolio
Track, analyze, forecast and reforecast trends in financial performance and business plan execution
Utilize Business Intelligence platform and vendor dashboards to monitor operational performance
Prepare investor reports and respond to inbound investor inquiries, as directed
Prepare financial reporting packages and presentation materials for senior management, partners, and third-party clients on monthly, quarterly and/or annual basis
Facilitate the onboarding of new assets by preparing and maintaining transition reports and coordinating the process with vendors, property managers, and internal parties
Track and forecast capital projects and unit renovation progress and costs against the business plan to ensure delivery is on time and budget
Assist with analysis of property sectors, and real estate & economic trends
Complete Special Projects and additional duties as assigned
ABILITIES AND SKILLS
Utilizing best judgement to meet targets and work under pressure
Strong multi-tasking skills and extreme attention to detail
Excellent communication skills: verbal, written, and interpersonal
Highly organized self-starter with ability to take direction and follow-through
Ability to apply best practices to facilitate successful completion of projects
A sense of urgency, comfort with ambiguity, drive for results and ability to remain true to the company’s brand and image
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Ability to sit for up to 10 hours per day
Ability to move freely around the office for up to 10 hours per day
Ability to communicate verbally and in writing
PREFERRED EXPERIENCE / MINIMUM QUALIFICATIONS
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