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Asset Analyst

Unibail-Rodamco-Westfield (URW) is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at $75B as of December 31, 2018 of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, we own and operate 102 shopping centers, of which 56 are flagships in the most dynamic cities in Europe and the United States. Our centers welcome 1.2B visits per year. The Group has the largest development pipeline in the industry, worth $15B. Present in 2 continents and in 13 countries, URW provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers.
ROLE PURPOSE
The Operating Analyst assists with value creation at his/her Operating Manager's (OM) assets. The Operating Analyst supports the value creation process and works with the asset team (consisting of members from other divisions/departments) to complete the 5-Year Business Plan (5YBP) and fulfill the current year plan for the assets. The Operating Analyst is in charge of daily operating management tasks and will act as an apprentice to the Operating Manager. The Operating Analyst is business oriented with strong focus on numbers and problem solving in a complex environment.
ACCOUNTABILITIES
Net Operating Income and Property Value growth
Support establishment and delivery of 5-year plan organizing contributions of all internal departments
Carries out analysis and helps deliver the ERV project (value and merchandising of tenant spaces), validation of operational assumptions on valuations and quarterly reporting
Prepare and follow up priorities from a NOI/cash flow perspective towards the leasing targets -do arbitrages/trade-of judgments related to merchandising
Support, follow up and challenge all operating expenses and capital expenditures, while allowing for a high quality customer experience
Project delivery
Assist the Operating Manager by leading assigned projects/analysis in support of leasing and the shopping center management, marketing, development, and finance in order to deliver the 5YBP, while influencing asset team members to succeed in achieving the portfolio's target
Manages deadline, reporting and review processes for the asset team members and the OM function in order to achieve regional and corporate deadlines
Mentor and train rotational analysts where appropriate
Is a reference for the portfolio internally
Other
Participate in negotiations with tenants and offers advice when the deal has a substantial investment or other complicated elements
Carry out and deliver the 5YBP project, together with OM manager, ERV process, prepare operational assumptions on valuations and quarterly closings for the assets, focused on vital KPIs such as like-for-like Net Rental Income and asset Internal Rate of Return.
Participate in improving processes/tools/"ways of working", driving efficiency across the business
Propose innovative ideas for value creation in the Asset
Daily OM tasks: contracting, OCR analysis, minutes, preparation of presentations, etc.
Ensure well-being of the team
KPIs
Innovation
Reporting timeliness
Analysis error rate
CORE COMPETENCIES
Soft Skills
Project Management
Ability to plan project tasks and activities
Ability to coordinate all activities, organize necessary contributions and leverage on other departments
Ability to anticipate problems and to prioritize
Ability to solve complex problems, involving a large numbers of actors (internal/external)
Ability to communicate well with others
Hard and Technical Skills
Business/financial
2 years preferred, with experience in financial analysis required
Advanced financial skills (business model preparation, calculation of return on investment, return on capital employed)
Business modeling skills for developments, acquisitions, new investments:
Ability to define, model, compute, and document assumptions: operations and leasing, acquisition costs, capex/asset redevelopment, tax, disposal.
Ability to prepare/present a synthetic Business Model/Investment proposal
Ability to assess associated risks and apply investment criteria with judgment and prepare a recommendation
Understanding of impact of any operational decision on asset profit and loss account
Basic accounting knowledge. Full knowledge of Group glossary and accounting
Advanced analytical skills
Ability to analyze, model, and compute complex problems/projects
Willingness to enter in the details and ability to synthesize analysis and facilitate decision making
Advanced Excel (e.g. use of financial functions, database and search functions, pivot tables)
Commercial understanding
Knowledge and strong interest in retail industry (knowledge of key retailers, interest in brands/products)
Basic knowledge in real estate investment
Asset valuation (cap rates, discounted cash flows, comparables, replacement costs)
Knowledge and understanding of investment/divestment criteria on the real estate market and players' profile
Legal knowledge in leasing/commercial/real estate law
EDUCATION
BA/BS Business Economics, with Finance & Accounting
Unibail-Rodamco-Westfield (URW) is an equal opportunity employer that embraces the diversity of backgrounds, perspectives, experience, and skills. We offer a collaborative, innovative, achievement-focused culture with unique opportunities for growth in a global company and we evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
'200829

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