Financial Analyst - Spring 2019 Internship

At Madhouse, our people are our greatest differentiator and competitive advantage. We are all united in delivering the best communities possible for our residents. Working closely with members of the team including Development Managers, Asset Managers, and the Executive Team in developing and enhancing the next communities developed by Madhouse. You will participate in assisting others in financial and market analysis, financial reporting, development entitlements, site acquisition, lender and investor due diligence, construction project management, among other things. The environment will be collaborative in nature, and provide the opportunity to extend your skill-sets in a number of projects and key initiatives. Madhouse has a commitment to being a leader in the multifamily industry, and you will be part of a team leading the way into the future.

PRIMARY RESPONSIBILITIES Participate in the financial analysis of the development process for multifamily communities and financial activities for Madhouse:

Assessing the economic performance of specific real estate projects and giving a detailed analysis.

Maintains database by entering, verifying, and backing up data; create operating expense database for real estate portfolio.

Building financial models and performing valuation analysis for multifamily communities and other real estate investments.

Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.

Increases productivity by developing automated accounting applications; coordinating information requirements.

Determines cost of operations by establishing standard costs; collecting operational data.

Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.

Track expenses and revenues vs. budget and reforecast and analyze fluctuations

Prepare monthly consolidation and executive financial packages as needed

Analyze quarterly operating reports

Evaluate profit and cost efficiencies in various areas of the organization as needed

Measuring financial risks associated with a specific investment

Writing reports and making presentations for purposes of recommending the purchase or selling specific investments

Create monthly expense reports/P&L s and provide variance analysis for management review

Review monthly expenses to ensure that expenses are booked correctly and work with the accounting team to make any necessary reclassification

Assist with the preparation of construction related draws, cost certifications and certified audits

Perform activities associated with government relations, project acquisition and development for Madhouse including, but not limited to:

-Assist in locating markets and municipalities for proposed developments, along with evaluating and procuring properties for acquisition and rehabilitation for the purpose of Housing Tax Credit allocations.

-Assist Madhouse in dealing with neighborhood groups, local organizations, adjacent property owners, and other parties interested in the development, organizing meetings with such parties, if requested, and preparing information on the development for such parties.

-Provide advice and recommendations as to the selection procedures for the Housing Tax Credit application for scoring purposes.

-Provide input for the creation of budgets and timelines for the various stages of acquisition and development of Housing Tax Credit applications.

-Work with Madhouse staff members of the development department with due diligence activities and other project related duties.

Prepare and provide brief development status reports for Madhouse on all related projects in the form required by Madhouse to be used in connection with periodic staff meetings, and ensure that all required reporting deadlines are met, including those with Madhouse and those with third parties, such as governmental authorities and financing entities. This is a paid internship for students attending a local university. We will be accepting applications until November 26th and holding interviews the following week. Please check our website for more information about Madhouse and our internship opportunity.