The Durst Organization

Director of Analytics & Property Valuation

ID
2017-1233
US-New York
# of Openings
1
Category
Acquisitions & Development

Durst Profile

The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers and 1,250 units of residential rental housing. The Durst Organization built the most environmentally advanced skyscraper in the United States, the 2.1 million square foot LEED Platinum Bank of America Tower at One Bryant Park. The Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential properties.

The Durst Organization is the joint venture and equity partner of the Port Authority of New York and New Jersey in the development of One World Trade Center, the Western Hemisphere’s tallest building. The Durst Organization is the managing partner of the 3 million square foot office tower responsible for tenant fit-out, leasing and property management. The Durst Organization is currently building two mixed-use residential buildings. 855 Avenue of the Americas is a 570,000 square foot residential rental tower above an office and retail base and W57th Street is a 709 unit rental building above 45,000 square feet of retail. Both projects are slated for completion in 2015.

The Durst Organization continues to grow and seek out new opportunities for innovative commercial and residential development in and around New York City

Overview

The Director of Analytics & Property Valulation will serve as a key asset in the growth of the organization. This role will oversee the performance of critical and complex financial analyses essential to the decision-making processes for the company’s core lines of business.  The Director will provide financial consulting and strategic support to the company’s core lines of business, including development, leasing, financing and real estate acquisitions.

 

This position initiates these analyses by conducting relevant market research and completing associated projects, as well as working cooperatively with various interdisciplinary company teams and external partners. This role acts as the analytical engine of the project development division to provide insights and support optimal business decision-making. This role will provide leadership and direction to a team of analysts.   

Responsibilities

Acquisitions/Development/Financing:

  • Analyze current and past trends in key performance indicators including all areas of revenue, costs, expenses and capital expenditures
  • Drive the strategic effort to determine project feasibility and prepare pro forma analyses of financially complex potential projects
  • Target financial modeling / valuation / return on investment analysis
  • Post-acquisition measurement of investment returns
  • Drive capital expenditure analyses, industry comparisons, new business opportunities, acquisition analysis and other projects
  • Manage and allocate analysis efforts including:
    • Project equity and debt requirements
    • Capital and operating budgets
    • Project rates of return and other pertinent financial metrics
    • Revenue and/ or expense sensitivity analyses
  • Lead or participate in the preparation of proposals and bids for potential acquisitions/financing packages
  • Ensure the due diligence process for potential acquisitions/financing packages. Respond to requests for information from both internal and external sources regarding new acquisitions/financing
  • Identify market research needs and lead the effort to conduct this research
  • Manage and coach Transactions team members

 

 

Leasing:

 

  • Guide the prompt examination of lease proposals to determine net effective rents and other pertinent metrics. Expeditious completion of analyses is crucial for response to evolving negotiations in an extremely competitive market.
  • Conduct ad-hoc reporting and analysis
  • Develop financial models and analyses to support strategic initiatives

Qualifications

QUALIFICATIONS:

 

  • Graduate Degree in Real Estate Development, Economics, or Business required
  • 5-7 years of management experience
  • High level of competency in constructing and editing discounted cash flows in Excel and Argus
  • Experience with development models required
  • Experience with New York City affordable housing programs is strongly preferred
  • Excellent analytical and business analysis skills with exceptional Excel spreadsheet and financial modeling skills
  • Experience in analyzing office lease proposals and calculating net effective rents, strongly preferred
  • Excellent organizational and interpersonal skills
  • Effective oral and written communication skills and ability to translate the mathematical results of an analysis into an easily digestible verbal or written summary for senior executives
  • Advanced proficiency in software applications including Microsoft Word, Excel, Outlook and PowerPoint, as well as Argus

EEOC

Equal Opportunity/Affirmative Action Employer: Minorities/Female/Disabled/Veteran

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