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Principal Analyst, Real Estate

Date:  Sep 14, 2021
Location: 

Broomfield, CO, US

Company:  Vail Resorts
Shift Type:  Year Round

We offer a variety of professional career opportunities at our corporate headquarters near Boulder, Colorado. Our corporate headquarters team shares both a passion for the outdoors and a drive to re-imagine the mountain resort experience around the world. Learn more about positions at our corporate office. Visit www.vailresortscareers.com 

 

 

Job Summary:

The Real Estate Division is responsible for driving the strategic development of company owned land parcels, the disposition of non-core land and operating assets and the repositioning of existing hospitality assets.  Reporting directly to the Director 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 Responsibilities:

  • Prepare real estate development pro formas, residual land values, comparable sales, Hotel PnLs (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
  • Support the Director and the VP of RE to develop the disposition strategy related to non-strategic assets acquired as part of a new resort acquisitions
  • 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
  • 10Q and 10K review 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
  • Research and identify existing book value of owned assets with the Fixed Asset team
  • Track real estate deal legal spend
  • Coordinate the hiring and oversight of 3rd party consultants including planners, engineers and surveyors
  • Hire and oversee 3rd party real estate brokers
  • Analyze various requests from adjacent landowners related to encroachments, easements and restrictive covenants and develop negotiation strategy
  • Lead internal RE calls with internal groups, including legal and community relations and track status of real estate deals, both pre-close and post-close
  • Preparation of ad hoc reports, as requested
  • Other tasks as assigned

 

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 
  • Prior real estate experience a plus
  • Prior resort experience a plus 
  • Experience in development of complex models and data analytics
  • Advanced Microsoft Office skills, PeopleSoft

  

Preferred Skills:  

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

 

 The budgeted range starts at $80,000-$100,000 + 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.  As a community of adventurers and discoverers, Vail Resorts delivers an experience of a lifetime to our guests and our employees. 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. 
 

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 338561


Nearest Major Market: Denver