VP Transactions - The Michaels Organization : Job Details

VP Transactions

The Michaels Organization

Job Location : Merchantville,NJ, USA

Posted on : 2025-08-15T07:29:32Z

Job Description :
VP Transactions

The Michaels Organization is a national leader in residential real estate offering full-service capabilities in development, property management, construction, and investment. At Michaels, our teammates strive to fulfill our promise of creating communities that lift lives ones that jumpstart housing, education, civic engagement, and neighborhood prosperity. With this passion at the forefront of our business, Michaels teammates can be proud to be a part of the extraordinary, every day.

The VP Transactions will lead the Transactions team focusing on the underwriting of pursuits originated by the student housing/multifamily development team. The role will include financial underwriting, ad hoc financial analysis, due diligence and support of capital markets initiatives led by Michaels' Capital Markets team. Whilst leading a team, the VP Transactions will be expected to lead in their own right, specific transactions as overall workload dictates. The VP Transactions will work closely with the Executive Vice President of Development, Regional development leaders and analysts, leading a Camden based Transactions team focusing on underwriting and modeling transactions. This position is intended to be based in Camden, NJ.

Responsibilities

Work collaboratively with the development and property management teams to underwrite large scale institutional market rate multifamily and student housing ground up developments under various financing structures, including debt / equity and bond structures.

Develop and continue to refine on an ongoing basis a template pro forma model of institutional quality, including all assumptions and other inputs developed from or in connection with other internal and external sources, proper design / operation of the model and the design and presentation of model outputs as required by both Michael Capital Markets and Finance teams. Develop template project running sheet or other method to track historical evolution of model and potential or alternative revisions under consideration.

In collaboration with Regional leaders and developers, undertake quality assurance reviews of project specific pro formas to ensure that models reflect comprehensive underwriting, including reasonable appropriate assumptions, project specific commercial terms, integration of development, construction and operational expenses and assumptions and the completion of transaction specific sensitivity analysis.

Market Research - Identify and survey project rent comparables, monitor supply/demand metrics and conduct all other required market research necessary to underwrite a project

Work closely with Michaels' Capital Markets team to provide information necessary to assist in securing debt and equity financing for projects.

Work with the EVP Development to prepare internal investment committee presentations

Lead and be active in the development of Transactions team

Assist CIO and CFO in ensuring current project projections are reflected in Michaels Development forecasts and business plans.

Team-oriented. Work closely with Michaels Residential Regional business units as well as other Michaels' companies and functions. Provide leadership, guidance and underwriting support.

Operate within and promote an environment of trust and transparency, collaborating effectively, and contributing to the long term growth and success of the team.

Understand the key Michaels / MR metrics.

Maintain current knowledge of industry trends and changes required by regulatory agencies, investors and program guidelines.

Perform other tasks/ad hoc analyses as required.

Qualifications

Required Experience:

Eight to ten years of solid multifamily (including student) real estate finance analysis. Specialized experience in structuring, underwriting, and closing multifamily housing transactions.

Required Education/Training:

Bachelor's degree in Finance, Real Estate, Business Administration or other related field required.

Required Skills and Abilities:

In-depth knowledge of origination, underwriting, closing and delivery of real estate development transactions.

Excellent quantitative, problem solving, analytical and planning skills. Ability to easily and quickly shift between strategic and tactical thinking.

Ability to coach and instruct others, in formal and informal settings.

A spatial thinker who anticipates future opportunities and risks and plans and acts accordingly to drive positive outcomes. Possesses commercial acumen, at both enterprise and transactional levels.

Ability to multi-task and prioritize work assignments. Flexibility and ability to work under pressure in fast paced, dynamic environment.

Collaborative, innovative, creative and team oriented work style. Strong leadership and mentoring skills, and demonstrated success in motivating others and driving staff to achieve goals in a matrix environment. Ability to lead and manage others across geographically diverse locations.

Strong presentation and communication (oral and verbal) skills. Ability to pay close attention to details while maintaining a view of the big picture issues and requirements.

Strong working knowledge of Microsoft Office products; Financial modeling experience.

Salary Range

165,000-240,000

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