Underwriting Manager, Real Estate at AvantStay

| Greater LA Area
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Who we are...
AvantStay delivers exceptional, unique stays for group travelers. The company has built a tech-enabled millennial hospitality brand to be the new standard for group experience. We are venture funded and growing rapidly in the explosive $100+ billion dollar STR industry.
What we are looking for
A Real Estate Manager who will support our Real Estate and Acquisitions teams in building and managing our real estate pipelines by performing deep quantitative and qualitative analyses; coordinating asset valuations and supporting transactions from inception to close. This Manager is a total modeling rock star with deep knowledge, a love for real estate, and ability to lead and manage an underwriting team.

What you’ll do…

  • Analyze new acquisitions/ development opportunities and prepare financial analysis on the viability of each transaction, incorporating a variety of capital and financing structures.
  • Build and develop the real estate underwriting team.
  • Review and extract information from broker marketing books and third-party research.
  • Assist in analyzing potential investments including market analysis and financial analysis using excel software.
  • Perform acquisition due diligence including the review of leases, financial conditions, historical property operating results, financial assumptions and other information.
  • Complete accurate and thorough worksheets, reports, briefs, and proposals within agreed upon time-frames.
  • Assist with the analysis and preparation of investor reporting for quarterly reports and annual meeting materials.
  • Prepare internal and external presentation materials and documents (e.g., pitch materials, pro-formas, LOI’s).
  • Assist in sourcing new acquisition opportunities by developing and maintaining relationships with our local developers, investors, brokers and other real estate professionals.
  • Perform analysis and run financial models to support decision-making regarding the profitability and capital structure of properties and funds during the asset’s holding period.
  • Perform accurate and complete net present value analysis for properties within the portfolio within established time-frames.
  • Thoroughly analyze the impact of lease transactions to property value and yield within established time-frames.
  • Accurately and completely update property valuations and investment strategies as required within established time-frames.
  • Develop and produce accurate and complete required reporting to lenders, partners, and senior management within established time-frames.
  • Accurately and thoroughly complete transition-related tasks including but not limited to developing budgets, reviewing leases, reviewing offering memorandum, responding to lenders to resolve underwriting questions, reviewing loan documents, and running models to show budget implications within established time-frames.
  • Assist in the review of the annual operating budget to confirm consistency with property strategies.

What you’ll bring…

  • 4+ years in Real Estate evaluation or related fields
  • Bachelor’s degree in a related field (Finance, Real Estate)
  • Deep knowledge of real estate valuation and financial modeling, travel trends, hospitality, hotels, tourism and the short-term/ vacation rental market
  • Natural talent and energy: a passion for all things real estate, an agility and ability to adapt to changing and ambiguous situations, and a general hunger for more
  • Advanced proficiency in Microsoft Excel, demonstrated ability to perform quantitative and qualitative analysis of assets using financial modeling techniques
  • Demonstrated ability to effectively define and resolve problems that balance multiple needs and interests
  • Strong communication skills with the ability to present ideas, instructions and information effectively, both orally and in writing
  • Legal right to work in the United States

Perks and Benefits...

  • Salary: $90,000-$115,000
  • Generous equity option
  • Benefits and Unlimited Paid Time Off
  • Team bonding and off-site events
  • Complimentary and discount stays at AvantStay properties

When you join AvantStay… 
You’ll be doing work that matters alongside an experienced and dynamic team, transforming the way people travel and vacation. Your place within the colossal travel and real estate industries will leave you with a wealth of opportunities to feel both challenged to innovate and rewarded for your efforts. Of course, we will offer you pay and benefits, but we’re about more than that. AvantStay is a place where you can craft your own path to greatness. Whether you think in code, words, pictures or numbers, find your future at AvantStay.
Equal Employment Opportunity...
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavascriptLanguages
    • PythonLanguages
    • ScalaLanguages
    • ReactLibraries
    • ReduxLibraries
    • MySQLDatabases
    • RedisDatabases
    • Google AnalyticsAnalytics
    • FullStoryAnalytics
    • AirtableAnalytics
    • IllustratorDesign
    • Design ManagerDesign
    • Studio DesignerDesign
    • AsanaManagement
    • AirtableManagement
    • StreamlineManagement
    • CopperManagement
    • IntercomCRM
    • SalesforceCRM
    • CopperCRM
    • GmailEmail

Location

750 N San Vicente, West Hollywood, CA 90069

An Insider's view of AvantStay

How would you describe the company’s work-life balance?

AvantStay has a great office culture that makes the days fly by. I'm inspired to work hard when I'm surrounded by the passionate people on our team every day! The social and wellness events outside office hours definitely contribute to a great team environment and create balance.

Ben

Onboarding Manager

How do you collaborate with other teams in the company?

You never feel any unwanted pressure to come to work, you are free to be a self-starter and have your own projects. Everyone in the company promotes healthy performance culture, you feel confident that you will do a great job. You easily collaborate with every department in the company on a daily basis.

Michael

Product & Systems Associate

How does the company support your career growth?

AvantStay has shaped my career, I started interning for them my senior year of college, and eventually became a financial analyst working full time. The company helped guide my career path with my choice of study and became a gateway to the working-world. I have them to thank for my growth as an individual and young professional.

Madeleine

Business Analyst

What are AvantStay Perks + Benefits

AvantStay Benefits Overview

We offer medical, dental, and vision plans, along with an unlimited PTO policy and a dog-friendly office. We also offer our employees discounts on stays in our beautiful homes, along with semi-yearly "Travel With The People You Love" credits towards a stay. We heavily value teamwork and fun, and are always thinking of ways to bring our people together.

Culture
Volunteer in local community
AvantStay Causes Group
Partners with Nonprofits
Friends outside of work
Eat lunch together
Daily sync
Open door policy
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Documented equal pay policy
Dedicated Diversity/Inclusion Staff
Mean gender pay gap below 10%
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Onsite Gym
Team workouts
Retirement & Stock Options Benefits
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Happy Hours
Pet Friendly
Home Office Stipend for Remote Employees
Professional Development Benefits
Job Training & Conferences
AvantStay employees professional development opportunities like the ability to attend job related conferences and seminars.
Lunch and learns
Promote from within
Online course subscriptions available
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