Principal Analyst, Real Estate

As a leading mountain resort operator with over 40 resorts in sixteen states and four countries. We exist to create an Experience of a Lifetime for our employees, so they can, in turn, provide and Experience of a Lifetime for our guests. We are looking for leaders, innovators, creators, and ambitious professionals to join our talented team. If you’re ready to pursue your fullest potential, we want to get to know you!

Many of our Corporate function teams can now live and work in any of the states in which Vail Resorts currently operates* – enabling flexible remote work alongside a commitment to building and maintaining strong culture both in person and virtually. If you’re ready to pursue your fullest potential, we want to get to know you. Find your purpose with us at www.vailresortscareers.com. 

Job Summary:

Reporting directly to the VP of Real Estate Development, the Principal Analyst, Real Estate will be the primary financial support to the Real Estate Division team.  Additionally, this position will be responsible for managing the disposition of smaller-scale, non-strategic assets across the enterprise. This position is highly cross-functional working with a diverse set of departments both within and outside the company, including finance and accounting, internal and external legal counsel, hospitality and mountain operations, employee housing, 3rd party brokers, title companies and external buyers.

Job Specifications:

• Housing: Not Available
• Outlet: Corporate
• Shift & Schedule Availability: Year Round / Full Time
• The budgeted range starts at $82,800 - $106,425 + annual bonus. Actual pay will be adjusted based on experience

Job Responsibilities:

Real Estate:

• Support the VP of RE to develop and execute on the disposition and/or redevelopment of the Company’s existing land portfolio
• Support the VP of RE on the long-term strategy for the Company’s Employee Housing efforts, including analysis and execution of master leases
• Prepare real estate development pro formas, residual land values, comparable sales, mixed-use P&Ls including hotels (with support from Finance and Revenue Management teams) and ROI analysis
• Negotiate the sale of non-strategic assets such as residential parcels and condominium units
• Coordinate the hiring and oversight of 3rd party consultants including brokers, planners, engineers and surveyors
• Analyze and assess requests from Resort operations and adjacent landowners related to encroachments, easements and restrictive covenants and develop negotiation strategy
• Drive agenda for meetings with internal stakeholders, including Legal and Community Relations
• Track status of real estate deals, both pre-close and post-close
• Preparation of ad hoc reports and other tasks, as requested

Financial Reporting: 

• Preparation of annual operating and capital budget for the Real Estate Division
• Preparation of monthly operating and cash flow forecasts for the Real Estate Division
• Preparation of quarterly and year end Board of Directors material
• Month end journal entries for Real Estate Division
• Oversee the procurement and payment of Real Estate Division expenses
• Participate in monthly Technical Accounting meetings
• Prepare all real estate closing entries
• Partner with Fixed Assets to track and manage book value of owned assets 

Job Requirements:

• Education: 4-year college degree in finance, accounting or real estate
• MBA, graduate level finance/real estate degree and/or CFA preferred
• Work Experience: 7 + years of experience (or 5+ years with advanced degree/certification) in finance, accounting or real estate 
• Experience in development of complex models and data analytics
• Advanced Microsoft Office skills, PeopleSoft
• Prior real estate experience a plus
• Prior resort experience a plus 

Preferred Skills:  

• Strong aptitude for accounting
• Familiarity with real estate terminology
• Familiarity with appraisal techniques
• Familiarity with real estate contracts, including LOIs and leases
• Familiarity with Geographic Information Systems (GIS)

The budgeted range starts at $ 82,800 - $106,425 + annual bonus.  Actual pay will be adjusted based on experience.
 

The perks include a free ski pass, and a set of benefits including... 

• Medical, Dental, Vision insurance, and a 401(k) retirement plan  
• Hourly employees are generally eligible for accrued Paid Time Off (PTO), Extra Time Off (ETO) and Sick Time.  Salaried employees are generally eligible for Flexible Time Off (FTO) 
• Paid Parental Leave for eligible mothers and fathers  
• Healthcare & Dependent Care Flexible Spending Accounts  
• Life, AD&D, and disability insurance 

Reach Your Peak at Vail Resorts.  At Vail Resorts, our team is made whole by the brave, passionate individuals who ambitiously push boundaries and challenge the status quo. Whether you’re looking for seasonal work or the career of a lifetime, join us today to reach your peak.  
 

*Remote work is currently permitted from British Columbia and the 16 U.S. states in which we currently operate. This includes: California, Colorado, Indiana, Michigan, Minnesota, Missouri, New Hampshire, New York, Nevada, Ohio, Pennsylvania, Utah, Vermont, Washington State, Wisconsin, and Wyoming. Please note that the ability to work remotely, and the particulars related to such work, are subject to change at any time; and, accordingly, the Company reserves the right to change its policies and/or require in-person/in-office work at any time in its sole discretion.   

Vail Resorts is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or any other status protected by applicable law.

Requisition ID 494774