Join Our Team
The power and success of Real Capital Solutions lies in our people. Throughout our history, our success has been built upon the efforts of our uniquely capable and dedicated people. In our view, real estate is not about buildings or capital, it’s about the right people. To optimize this critical talent, we are constantly on the lookout for individuals showing exceptional ability to create and add value through their talents and experience. RCS employs and attracts people with an impressive work ethic and dedication to teamwork that creates a high performance culture where excellence at all levels is acknowledged and rewarded. Our mission is to create exceptional value in real estate and to do that we employ top-notch employees with extraordinary dedication and willingness to work hard. If you are passionate and ambitious, then we want you on our team!
Career Opportunities
Accounting Manager
Job Title: Accounting Manager
Job Type: Full-Time; Exempt
Reports To: Senior Finance Director
Date: February 2020
COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on Acquisitions, Development and Management for highly complex and structured real estate opportunities. RCS has 30 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.
SUMMARY
The Accounting Manager is responsible for all property accounting functions for RCS’s $1.6B real estate investment portfolio, which consists of approximately 70 properties spread across different asset types including commercial, multi-family, development, and for-sale residential. Successful candidates will have an in-depth knowledge of commercial and residential real estate, and preference will be given to those applicants who have experience with job costing and development accounting.
RESPONSIBILITIES
- Accounting
- Oversee the efforts of third-party property management accounting teams for the managed portfolio (~90% of the total portfolio).
- Manage the construction and cost of sales accounting functions for the development, homebuilding, and condo portfolios (~5% of the total portfolio).
- Manage the property accounting functions for internally managed commercial properties (~5% of the total portfolio).
- Work with third-party property managers and equity partners to establish proper accounting and reporting after the acquisition of new properties.
- Monthly review of property- and portfolio-level financial performance; lead monthly financial review meetings with Asset Management.
- Review and submission of construction draws and supervise lien release requirements.
- Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
- Lead annual portfolio-level initiatives, including CAM calculations and reconciliations, property budgets, and year-end tax file preparation.
- Implementation and management of new reporting tools including consulting with Asset Management on needs and training of Accounting Team
- Management
- Represent Accounting in department and asset management meetings
- Manage the ongoing efforts of the staff through technical instruction and review of work product.
- Support the Senior Finance Director with ad-hoc analysis of the portfolio.
- Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
- Supervise direct reports: establish annual performance goals and objectives; monitor and guide progress to enhance their professional development
QUALIFICATIONS
- Undergraduate degree in finance or accounting required
- Certified Public Accountant (CPA) or equivalent, or an advanced degree preferred
- Eight to ten years of progressive real estate accounting experience, with a minimum of three years of management experience
- Detailed understanding of commercial and residential real estate
- Experience with development and/or for-sale residential projects is preferred
- Proficient with MRI
- Excellent MS Excel skills and proficient in other MS products
- Strong attention to detail
- Strong organizational and communication skills
- Ability to manage several projects/tasks at one time
ESSENTIAL FUNCTIONS
- Ability to comply with company rules and regulations.
- Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
- Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
- Ability to work long hours.
- Ability to write and see things in close proximity.
- Ability to work independently and refer appropriate matters to supervisor when necessary.
- Ability to comprehend written and verbal communication.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Accounting Manager” in the subject line of your email.
Property Staff Accountant
Job Title: Property Staff Accountant
Job Type: Full-Time; Exempt
Reports to: Accounting Manager
Date: February 2020
COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on Acquisitions, Development and Management for highly complex and structured real estate opportunities. RCS has 30 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.
SUMMARY
The Property Staff Accountant will be responsible for computing, classifying, recording and verifying numerical data for use in maintaining property accounting records for an assigned portfolio of properties. Successful candidates will have a good working knowledge of Accounting, Finance, and Budgeting, – including Generally Accepted Accounting Principles.
RESPONSIBILITIES
- Perform bank account reconciliations, and assist with resolving any outstanding cash issues
- Review the monthly Trial Balance for exited properties, making any needed adjusting entries
- Prepaid Insurance reconciliation for each of the properties
- Update and maintain the Property Tax and CAM master schedules
- Tie out property GL’s to the TM1 rent roll report
- Update Asset Keeper with current month fixed asset additions from the property GL’s
- Update the CAM reconciliations for any new, or amended, lease and update the Rent Roll for that property with any changes
- Assist with Preparation of year-end tax files as assigned
- Special Projects as assigned
QUALIFICATIONS
- Bachelor’s degree in Accounting required
- Minimum 2-4 years of solid accounting experience with preference given to individuals with Property Accounting experience
- Detail oriented with ability to work in fast paced, high-volume, and deadline driven environment
- Solid understanding and skills in Microsoft Office Suite; proficient with MS Excel
- Exceptional math aptitude and skills
- Strong organizational and planning skills
- Strong communication skills
- Ability to manage several projects/tasks at one time
- Exposure to MRI Accounting system is preferred
ESSENTIAL FUNCTIONS
- Ability to comply with company rules and regulations.
- Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
- Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
- Ability to work long hours.
- Ability to write and see things in close proximity.
- Ability to work independently and refer appropriate matters to supervisor when necessary.
- Ability to comprehend written and verbal communication.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Staff Accountant” in the subject line of your email.
Analyst Intern
Job Title: Analyst Intern
Job Type: Non-Exempt
Reports to: VP of Acquisitions
Date: February 2020
COMPANY BACKGROUND
Real Capital Solutions is a real estate investment company with a track record of successful investment in every aspect of real estate. Over its 25 year history, the Company has acquired over $1 billion of investment real estate. The key to the firm’s success has been a thorough understanding of the dynamics that affect the real estate cycle combined with top-notch analytics.
We are looking for diligent and hardworking analysts to help us reach our goals, with the potential of joining our team full-time given a successful internship.
SUMMARY
We need candidates that are:
- Very driven and willing to work extremely hard
- Self-motivated
- Creative problem solvers
- Strong/Advanced Excel skills
- Argus knowledge
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Creating and managing proformas and other analysis using Microsoft Excel
- Market research & submarket analysis
- General administrative work
- Data entry and analysis
- Preparing charts, reports, and memos for senior management
QUALIFICATIONS
- 1st year MBA candidates or undergraduate seniors who have a demonstrated knowledge of commercial/residential real estate transactions and real estate financing concepts
- Advanced real estate and economic/accounting coursework a plus
- Advanced knowledge of real estate finance also a plus
- Interest in Development and/or Retail Reuse/Repositioning
- Excellent MS Excel and writing skills, as well as an uncanny ability to find, tabulate and analyze data
- Class work or experience in creating Business plans and financial models
ESSENTIAL FUNCTIONS
- Ability to comply with company rules and regulations.
- Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
- Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
- Ability to work long hours.
- Ability to write and see things in close proximity.
- Ability to work independently and refer appropriate matters to supervisor when necessary.
- Ability to comprehend written and verbal communication.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TO APPLY
Please apply by sending a cover letter, detailing your experience and resume to jobs@realcapitalsolutions.com. Please enter “Intern 2020” in the subject line of your email.
Financial Analyst - Commercial
Job Title: Financial Analyst – Commercial
Job Type: Full-Time; Exempt
Reports To: Senior Finance Director
Date: February 2020
COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on Acquisitions, Development and Management for highly complex and structured real estate opportunities. RCS has 30 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.
SUMMARY
Directly supports RCS’ Commercial Real Estate Portfolio and is a key finance point of contact for both internal and external business partners. The Analyst will develop a detailed knowledge of each asset and provide on-going financial analysis and support. As needed, the position will require the review of key transaction documents, investment pro forma, equity waterfalls, lender term sheets, third party reports and all transaction related due diligence material. The Analyst will utilize this information to prepare and convey the risks and merits of a transaction as well as clearly communicate deal structure and projected returns to equity partners.
The ideal candidate for this position will be a self-starter that can quickly transition into new projects based on the firm’s existing portfolio and acquisition pipeline. RCS is looking for a committed analyst to support the departments strategic growth and operational objectives. This individual must be detail-oriented, highly analytical and able to strive in a fast-paced environment. Strong communication, financial modelling, and writing skills are required. A very organized, self-starter will strive in this role.
RESPONSIBILITIES
- Financial Projections & Reporting
- Perform semi-annual reforecasts on deals, including operating, debt and equity cash flows
- Provide projections and analysis related to new leasing or financing efforts
- Interpret and convey financial models created in Argus
- Coordinate the input of underwrites, budgets, and reforecasts into accounting and reporting system
- Work closely with the financial planning & analysis team on the reporting of actual and pro-forma performance of each deal
- Research and resolve issues related to financial performance
- Assist with preparing various internal and external periodic reports
- Monthly review of deal-level financial statements
- Assist with the semi-annual portfolio valuation
- Equity Management
- Review and analyze each deal’s projected cash flow, using financial models and financial reporting, and recommend contributions and/or distributions to investors
- Understand and ensure adherence to fee structure on each deal
- Debt Management
- Ensure maximization of loan proceeds through oversight of a timely and efficient loan draw process
- Ensure full compliance with all loan agreements and analyze proforma covenant compliance
QUALIFICATIONS
- Undergraduate Bachelor’s Degree in Real Estate, Finance, Accounting, or related discipline or an equivalent combination of education and experience
- Interest and/or experience in private equity
- Minimum 1-3 years of experience in financial analysis environment; mortgage or Commercial Real Estate industry is preferred.
- Skilled at financial modeling in MS Excel:
- Firm understanding of Time-Value-Money fundamentals
- Able to work with existing models and build custom analyses
- Build meaningful and actionable graphic summaries
- Basic understanding of an issuer’s capital structure and financial position
- Experience with loan and partnership agreements is a plus but not required
- Ability to prepare concise and informative written presentations in MS Word, MS Power Point
- Working knowledge of Argus
- Detail oriented
- Strong organizational and communication skills
- Ability to simultaneously manage multiple projects/deadlines
- Self‐motivated
- Ability to work flexible hours/overtime
- Creative and analytic problem solvers
ESSENTIAL FUNCTIONS
- Ability to comply with company rules and regulations.
- Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
- Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
- Ability to analyze and synthesis accounting information.
- Ability to work independently and refer appropriate matters to supervisor when necessary.
- Ability to comprehend written and verbal communication.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Financial Analyst” in the subject line of your email.
Analyst – Acquisitions
Job Title: Analyst – Acquisitions
Job Type: Full-Time; Exempt
Reports to: Project Manager Acquisitions
Date: February 2020
COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial real estate investment company providing active capital with an emphasis on street level solutions. As an active investment manager, we source value-add, opportunistic and high barrier to entry deals in markets across the U.S. RCS is solutions-oriented real estate company that focuses on acquisitions, development and management for highly complex and structured real estate opportunities. We have over 30 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.
RESPONSIBILITIES
The Analyst position will assist in the acquisition and asset management of Commercial Properties with an emphasis on Hotel/Hospitality and will entail the following:
- Creating proformas using Argus and Excel
- Drafting offers
- Reviewing leases and other legal documents
- Collecting and analyzing due diligence information
- Market analysis and forecasting
- Creating loan request packages
- Creating equity request packages
- Drafting investment update reports
- Business analysis
- Creating contract exhibits
- Assisting the team with the many other duties involved in acquiring and asset management of commercial assets.
To be able to perform the job, this individual will have the following:
- Strong financial skills and experience underwriting commercial real estate assets.
- Proven Excel, writing, and communication skills; with sound judgment are a must.
- Knowledge of Argus
- Limited travel to visit potential acquisition deals is required
QUALIFICATIONS
We anticipate this position will be demanding; therefore, we seek candidates who are:
- Driven and ambitious;
- Willing to work extremely hard;
- Self‐motivated
- Creative and highly analytic problem solvers.
- Undergraduate degree in Real Estate, Finance, Accounting or Economics (or related work experience)
- Excellent MS Excel, MS Word, MS PowerPoint, communication, and writing skills
- Strong Argus valuation software skills
- Interest and/or experience in commercial investments
- 1-2 years of real estate underwriting and investment experience
- Strong research skills
ESSENTIAL FUNCTIONS
- Ability to comply with company rules and regulations.
- Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
- Ability to operate various office equipment including computer, telephone, fax, copier, calculator.
- Ability to work long hours.
- Ability to write and see things in close proximity.
- Ability to work independently and refer appropriate matters to supervisor when necessary.
- Ability to comprehend written and verbal communication.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Analyst – Commercial” in the subject line of your email.
Benefits & Rewards
RCS recognizes the importance of providing a comprehensive benefits program to our full-time eligible employees. These benefits will help provide employees and their family member’s opportunities to maintain their health and welfare.
- Medical, Dental & Vision
- Life & AD&D
- Short-Term Disability & Long-Term Disability
- Flexible Spending
- 401k + Company Match
- Time Off: Competitive Vacation, Holiday & Sick Time
- Perks: Holiday and summer parties, Fruit Tuesdays, Office & Team activities, etc.