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Development Financial Analyst

Employer
Resource Solutions.
Location
London, United Kingdom
Salary
Negotiable
Closing date
Jun 1, 2023

View more

Job Function
Portfolio Management: Alternatives
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Title: Development Financial Analyst

Location: London (Hybrid)

Opportunity Overview : Resource Solutions has an exciting opportunity for a Development Finance Analyst to join a leading Property Development and Investment company. This role is a permanent position offers an ideal opportunity for an individual to gain exposure in a fast paced and high-performance workplace.

Role Objective:

This Financial Analyst role is responsible for all aspects of development appraisal and financial analysis for a selection of projects that forms part of company's mixed-use urban redevelopment portfolio. The main objective is to support the planning and delivery process by facilitating critical financial analysis backed by commercial insight and appreciation of large projects. A high degree of inter-action with development teams is key to the success of the holder of this role.

The successful candidate will be joining at an opportune time, as the company set out to grow its regeneration capability while ramping up activity on existing schemes. As a result, the role provides career-defining exposure to the real estate development sector across a number of interesting assets. To make the most of this, the successful candidate must have a genuine interest in real estate and ambition to learn and grow.

We adopt an object-orientated approach to project appraisals and analysis, which manifests itself in a particular style of financial modelling. The successful candidate is expected to adopt this style and approach. The candidate will also be expected to work closely with relevant Finance Business Partners and Development Accountants as they are joint in comprising the finance element of the various development teams.

Key Responsibilities:
  • Construction and maintenance of cashflow models and appraisals and project financial statements (ensuring the right balance between flexibility and complexity at each of the relevant stages of project development)
  • Ensuring that models incorporate agreed business plan objectives as well as prevailing market conditions
  • Critically assess assumptions and seek validation in market evidence
  • Understand relevant capital structures and contractual arrangements ensuring that models reflect them accurately
  • Interpret cost plans and exit/disposal strategies ensuring that models are up to date with latest information
  • Conduct residual land valuations and scenario analysis
  • Support potential project level funding initiatives
  • Make contributes towards Business Plans and Board papers by delivering financial projection/analysis together with written interpretation
  • Together with Finance Business Partners/Development Accountants prepare budgets, reforecasts and longer term projections for the Group's strategic plan
  • Manage/develop liaison with external parties and ensure good working relationships
  • Attend meetings as required and present financial outputs in a clear and concise manner
  • Reinforce analytical thinking and option exploration with the respective development teams
  • Set out and report project level financial risks
  • Join colleagues in keeping the company corporate model fit for purpose and up to date
  • Proactively build strong commercial awareness of the real estate sector
  • Conduct ad hoc options analysis for decision making purpose and articulate in writing the outcome such analysis
  • Assess and appraise new business opportunities
  • Take responsibility for certain parts of the bi-annual valuation process, working directly with appointed valuers
  • Participate in new systems initiates and implementation as and when required by Group finance
  • From time to time, carry out any other task that fall with the remit of the Development Finance & Accounting Team


Requirements:
  • Strong academic background, with numerical aptitude (degree educated or equivalent)
  • Professional real estate or financial qualifications desirable but not essential (e.g., RICS, ACA, CIMA)
  • Basic understanding of accounting and financial management is an advantage
  • Exemplary work ethic with relevant work experience in real estate development important, preferably in large mixed-use regeneration schemes
  • Excellent quantitative skills with experience in cashflow modelling using Excel
  • Ability to assess and analyse development and other investment opportunities from first principles, including risk and return profiles
  • Commercially astute with an understanding of macroeconomic external factors, their impact on the real estate market and in turn the determination and implementation of investment strategy
  • Enthusiastic, structured, with strong interpersonal and influencing qualities underpinned by strong written and verbal communication skills
  • Able to reach out and build both internal and external relationships

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