Regina, Saskatchewan, Canada
San Francisco, California
Miami, Florida
London, United Kingdom
New York, New York
Stamford, Connecticut
Boston, Massachusetts
New York, New York
Posted: 09-May-23
Location: Santa Monica, California
Type: Full Time
Salary: $150k - $220k + Bonus Eligible
Salary Details:
Preferred Education:
Internal Number: AVPOR001103
About Us & the Role
At Macerich, our iconic properties differentiate us in the market and ensure our position as one of the country’s leading owners, operators, and developers of high-quality regional town centers in many of the most affluent and densely populated U.S. markets.
We have an exciting opportunity for a uniquely skilled individual who is experienced in the realm of accounting, finance, and deal making to join our Asset Management team. The ideal candidate is a self-motivated, quick learner who demonstrates situational agility and a strong business acumen.
The AVP/VP of Financial Underwriting & Restructuring is responsible for overseeing tenant workouts and terminations, bankruptcy administration, tenant credit analysis, and accounts receivable/collections. In this capacity, the candidate will conduct all necessary due diligence and communicate recommendations to the Asset Management, Finance, Property Management, Legal, and Leasing teams as well as Company leadership.
What You’ll Do
- Oversee and conduct quantitative and qualitative analyses of credit, financial health, and tenancy status of new and existing tenants
- Manage tenant lease workout and termination evaluations as well as pre-bankruptcy or bankruptcy status analyses and development of resolution strategy recommendations
- Interface with internal and external senior management personnel and negotiate with tenant personnel, counsel, and consultants on tenant lease workouts, lease terminations, and bankruptcy administration
- Consult and make recommendations to various stakeholders and Company leadership on tenant creditworthiness and collection strategies
- Define, refine, and implement tenant credit, lease, and bankruptcy due diligence processes
- Manage Analyst and Manager duties and deliverables
- Limited domestic travel (up to 20%)
What We Offer
Macerich offers exciting opportunities to work, to grow and to develop your unique talents. We continue to recognize the value in strengthening our workforce with diverse thought, ideas and people. All of this makes our company a rewarding and energizing environment to work.
- Best-in-class benefits Package with affordable employee contribution levels.
- Hybrid work schedule with ability to work remotely two days per week.
- Annual paid time off including vacations, holidays, and sick days.
- Savings Accounts for your future through 401k and HSA.
- We belong in our communities – giving back, volunteering and powering the economy through our MVP program providing 24 volunteer hours annually and employer charitable match benefit.
- We foster a sense of belonging by prioritizing wellness, satisfaction, diversity, and inclusion.
If this sounds like your future job, we invite you to apply for this exciting opportunity to join our dynamic team!
Belonging and Accommodations
At Macerich, we are committed to a diverse, inclusive, and equitable workplace. We believe our diversity creates value for our employees, workplaces and town centers, and the communities we serve. We strive to hire great people from diverse backgrounds, and we are stronger for it.
Macerich is an equal opportunity employer committed to the diversity of its workforce. Macerich welcomes qualified applicants without regard to race, color, religion, creed, gender, national origin, age, disability, medical condition, genetic information, military or veteran status, marital status, pregnancy (including childbirth and pregnancy-related medical conditions), sex, gender expression or identity, sexual orientation, citizenship, or any other characteristic or class protected under federal, state or local law. Additional information is contained in Macerich’s Anti-Harassment, Discrimination and Retaliation policy, which can be provided to applicants upon request. Macerich also provides reasonable accommodations to qualified individuals with disabilities. If you require an accommodation during the application process or, if employed, during your employment, please contact Human Resources.
Join our team of great people!
Your Key Success Attributes
- 10+ years of direct relevant experience conducting financial analysis, credit analysis, and financial due diligence; retail real estate experience preferred
- Bachelor’s degree in Finance, Accounting, Business or Mathematics
- Demonstrated competency in financial statement analysis, business analysis, accounting and finance
- Exceptional financial modeling and analytical skills
- Outstanding interpersonal, negotiation, and communication skills
- Excellent PC skills including Microsoft Word and Excel
The Nice to Haves
- CPA strongly preferred
- MBA and/or related advanced degree preferred
- Experience working with Yardi preferred
