Senior Investment Associate

Summary

Join Culdesac, a real estate and technology startup building car-free cities, as a Senior Investment Associate. You will play a key role in driving data-driven decisions by maintaining and expanding our financial infrastructure and investment processes. Responsibilities include analyzing potential locations, preparing financial statements and reports, and working with investors and lenders. The ideal candidate possesses significant experience in real estate due diligence, financial modeling, and legal document review. Culdesac offers a comprehensive benefits package including health insurance, parental leave, 401k, and various stipends. We are headquartered in Tempe, AZ, but remote work is also an option.

Requirements

• At least 4 years of relevant experience
• Experience in conducting due diligence on land acquisition opportunities
• Strong experience in creating and maintaining custom pro-forma underwriting models, evaluating financing alternatives, and understanding what “makes a deal work.”
• Experience in organizing the preparation and review of quarterly financial statements and annual operating budgets and forecasts, including review of market analysis, real estate tax forecast, and disposition strategy
• Experience preparing and reviewing recurring investor, partner, and/or lender financial reports and communications
• Able to monitor cash flow, distributions, and returns of existing projects. Ensure adherence to operating and capital budgets and business plans and effectively identify and communicate changes, variances, or concerns
• Experience or ability to learn how to review and understand complex legal documents and work with counsel to effectively negotiate key deal terms. Understanding or ability to develop skills in closing transactions, including the title process. Familiarity with zoning and/or entitlement processes
• Ensure assets are operating in a manner consistent with management agreements, joint-venture operating agreements, loan documents, etc
• Comfortable establishing and meeting critical timelines and deadlines for tasks and activities related to capital raises or transactions. Identify and effectively address issues or problems that could otherwise adversely affect closing capital

Responsibilities

• Help drive data-driven decisions by maintaining and building upon our financial infrastructure and investment processes as we scale the company
• Be a key part of our real estate strategy by helping in the analysis of existing and potential locations and related outreach, design, and planning
• Report to the Chief Investment Officer of the company but also interface with other disciplines within the company, including the Chief Executive Officer, and our investment partners, lenders, and other key relationships
• Conduct due diligence on land acquisition opportunities
• Create and maintain custom pro-forma underwriting models, evaluating financing alternatives, and understanding what “makes a deal work.”
• Organize the preparation and review of quarterly financial statements and annual operating budgets and forecasts, including review of market analysis, real estate tax forecast, and disposition strategy
• Prepare and review recurring investor, partner, and/or lender financial reports and communications
• Support the preparation and creation of quarterly board documents, presentations, and pitch deck materials on Culdesac projects for partners, and local stakeholders
• Monitor cash flow, distributions, and returns of existing projects
• Ensure adherence to operating and capital budgets and business plans and effectively identify and communicate changes, variances, or concerns
• Review and understand complex legal documents and work with counsel to effectively negotiate key deal terms
• Develop skills in closing transactions, including the title process
• Develop familiarity with zoning and/or entitlement processes
• Ensure assets are operating in a manner consistent with management agreements, joint-venture operating agreements, loan documents, etc
• Establish and meet critical timelines and deadlines for tasks and activities related to capital raises or transactions
• Identify and effectively address issues or problems that could otherwise adversely affect closing capital

Benefits

• Benefits Package - Includes options for medical, dental, and vision
• Family Planning Benefits
• Parental Leave - Up to 12 weeks paid time off for qualifying events
• 401K Savings
• Work From Home Stipend - Up to $500 for equipment paid by the company
• Co-Working Stipend - $100 per month paid by Culdesac for space intended for work productivity directly related to Culdesac business (e.g., co-working space pass for the day). Remote employees only
• Mobility Stipend - Up to $500 to invest in employee micro-mobility setup (e.g., e-bike, e-scooter, micro-mobility accessories)
• Car-Free Commuter Benefit - $200 per month paid by Culdesac. Tempe employees only
• On-Site Living Discount - 25% discount on base rent for 1 unit at a Culdesac managed property