Vice President, Equity

Overview

The Vice President of Equity will support the Asset Management Team and understands the importance of engaging and empowering a team of highly talented technical and professional analysts and associates. This role is an agile team player who works cross-functionally with different parts of the organization. The VP will have great interpersonal skills to help manage, mentor, and organize a team on their deals. The candidate will most likely have held similar positions in acquisitions, asset management or development or have prior experience in the homebuilding industry, as they will have a focus on residential and land development investments. They will be the leading communicator directly with clients and ensure timely completion of deliverables. The VP will grow and mentor their analysts and associates. They will be an entrepreneur and contribute strategies to improve processes and procedures on both the deal level, and Bellwether corporate level.

Key Responsibilities

• Underwrite a variety of asset classes using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling;
• Assist in the proactive monitoring and hands-on asset management of a portfolio of real estate equity investments throughout the US consisting of stabilized, value-add and ground-up development projects;
• Review and analyze business plans, construction budgets and schedules, property-operating performance and capital improvement projects;
• Review and monitor marketing and sales activity;
• Liaison with operating partners and leading members of the Acquisition Teams to review business plan execution and drive asset/portfolio performance;
• Develop and maintain detailed asset-level cash flow reforecasting models;
• Guide asset management team in the maintenance of detailed models to monitor the performance of investments;
• Structure and implement various sensitivity analyzes and stress tests at the deal-level to help guide clients in difficult strategic decisions;
• Work cohesively with the Bellwether construction management team, partners and applicable third parties; and
• Demonstrate strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members.
• People Management Responsibilities
• Involved with staff selection, interviewing and training as needed;
• Oversee the day-to-day workload and performance of direct reports, providing clear direction and support as needed to achieve work objectives;
• Ensure that direct reports understand their duties and delegated tasks;
• Monitor performance and development of direct reports and provide constructive and timely feedback and coaching;
• Work with direct reports to set individual goals and deadlines and conduct regular performance reviews aligned with performance review process; and
• Handle discipline of employees in accordance with company policy.
  
  

Professional Experience

• A minimum 7 years’ relevant experience;
• A minimum 3 years’ experience in managing directly reporting employees;
• Asset management experience, including development and analysis of real estate-based financial models with a focus on land and ground-up development;
• Strong experience negotiating PSAs, loan documents, JV agreements; and
• Mastery in Microsoft Excel, PowerPoint and ARGUS Enterprise.
  
  

Education/Certification

• Bachelor’s degree required
• CFA or MBA preferred
  
  

Essential Skills & Competencies

• Bellwether seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior endeavors. The successful candidate should have:
• Job Knowledge & Technical Ability: Experience with property underwriting and advanced financial modeling. Have a strong understanding of the fund-level metrics to help drive decision-making on the asset level. Have a strong understanding of macro-trends that could potentially impact investment-level decisions. Have strong reviewer skills when looking at Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling.
• Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
• Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly effective at preparing and presenting information.
• Professionalism & Teamwork: Acts with honesty and integrity and maintains confidentiality, adheres to company policies. Promotes a collaborative and productive work environment. Demonstrates team building, support and respect.
• Leadership & Management: Ability to supervise and direct people and/or resources to meet department goals. Able to motivate people and plan/prioritize operations while responding to changing conditions. Able to cultivate and build relationships with team and clients. Proficiency in reviewing other people’s work and providing constructive feedback.
  
  

Travel Requirements

• Local and/or nationwide travel to assets and client sites required on an as-needed basis, approximately 1-2 times per month depending on deal list.
  
  

Position Details

• Classification: Exempt
• Position Status: Regular / Full Time
• Reports To: Principal or Managing Director
• Direct Reports: Yes
  
  

Physical and Mental Demands

• While performing the duties of this job, the employee is regularly required to stand, sit, and walk. Must be able to sit at an office workstation for an extended period of time. May need to reach, stoop, or kneel to access items.
• Must be able to talk, hear and use wrists, hands and/or fingers frequently and repetitively to operate a computer, telephone and other office productivity machinery.
• Must frequently prepare or inspect documents, and convey details or important instructions or ideas accurately, loudly, or quickly.
• Ability to work independently, and prioritize duties to ensure timely completion. The ability to collaborate is also imperative.
• Requires active listening, critical thinking, making decisions, time management, as well as administration skills.
• Ability to interact in a courteous professional manner at all times.
• Regular, predictable attendance is required.
• The physical and mental demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
  
  

Work Environment

• No hazardous or significantly unpleasant conditions (such as in a typical office).
• Moderate noise (i.e., business office with computers, phones, printers and light traffic)
• Indoor business office environment with windows; light foot traffic within work areas
• The work environment characteristics described here are representative of those a teammate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  
  

Benefits

• We offer a comprehensive benefits package that includes:
• Employer-paid Medical, Dental & Vision, with buy-up options available
• Flexible Spending Account, Health Savings Account
• Carrot Fertility Benefit - $10,000 lifetime benefit
• 401k company match 4%, immediately vested
• Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
• 14 weeks Maternity Leave & 12 weeks Parental Leave
• Wellbeing program offerings
• Cell phone reimbursement
• Engaging team events & holiday parties
  
  

$160,000 - $180,000 a year

$160,000 - $180,000 base, plus discretionary bonus

Offered salary is based on a variety of factors, including skills, experience, and qualifications for the role.