The Role
Marcus & Millichap is the leader in Hospitality sales, closing roughly as many deals in the last year as their next two closest competitors combined. With Hospitality specialists throughout the U.S. and Canada, Marcus & Millichap has closed over 250 sales totaling nearly $3 Billion in the last year. Marcus & Millichap is seeking a motivated Financial Analyst specializing in Hospitality assets to join its Brokerage Transaction Support platform. This corporate-level role is an opportunity to work in a rapidly growing department within the firm while becoming a trusted advisor to the firm’s top sales agents across the country.
Responsibilities:
- Coordinate collection and organization of due diligence material from Agents.
- Perform sub-market location research to identify local economic drivers, leasing trends, population trends and recent/future developments.
- Analyze various property financial statements and make recommendations on underwriting assumptions based on the past performance of the asset.
- Build, edit, and maintain institutional level financial models using Microsoft Excel.
- Presenting analyses and/or financial models in a clear manner.
- Ability to answer questions effectively from the Manager of Financial Analysis and Sales Agents regarding analyses and financial models that have been produced.
- Assist in reviewing the financial sections within our marketing packages.
- Work successfully in a high-volume role where managing multiple projects at a time is the norm.
Qualifications & Experience:
- Bachelor’s degree in Real Estate, Finance, Accounting, Business, related discipline or an equivalent combination of education and work experience from which comparable knowledge and skills may be acquired.
- 1-2 years of commercial real estate experience including brokerage, lending, appraisals, development, or acquisitions is required.
- Exposure to hospitality assets is preferred.
- Proficiency with Microsoft Excel is required.
- Familiarity with various programs/resources such as Costar, Smith Travel Research (STR), etc.
- Understanding of financial principles (IRR, Cap Rate, etc.) and how they relate to real estate assets.
- Excellent communication skills, both orally and in writing, with the ability to explain your work in a clear, concise manner.
- Strong interpersonal and organizational skills with ability to manage multiple projects simultaneously.
Marcus & Millichap provides equal employment opportunities to all employees and applicants for employment without discrimination with regard to race, religious belief (including dress or grooming practices), color, sex, sex stereotype, pregnancy, childbirth or related medical conditions (including breast feeding), age, national origin, ancestry, sexual orientation, gender identification and expression, transgender status, physical or mental disability, medical condition, genetic characteristics, genetic information, family care, marital status, enrollment in any public assistance program, status as military, a veteran or qualified disabled veteran, status as an unpaid intern or volunteer, or any other classification protected by law. We also prohibit discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics. In addition to federal law requirements, Marcus & Millichap complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
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The Company
What We Do
Marcus & Millichap was founded in 1971 with the goal of being a new kind of company – one driven by long-term relationships and built on a culture of collaboration. We focus on bringing together specialized market knowledge, the industry's leading brokerage platform and exclusive access to inventory to achieve exceptional results for our clients, year after year. Today, we are the industry’s largest firm specializing in real estate investment sales and financing, with over 80 offices and nearly 2,000 investment sales and financing professionals throughout the United States and Canada. In 2021, the firm closed 13,255 transactions with a sales volume of $84.4 billion.
