Capital Budget Specialist (Finance)
JOB SUMMARY
Capital Budget Specialist directs the funding, reporting, and tracking of construction projects for the Capital teams. Verifies all necessary approvals have been obtained and ensures that standard company procedures are followed. Drive value and deliver best in class performance for Senior Housing portfolio. Relies on experience and judgment to plan and accomplish goals. Performs a variety of complex tasks. A certain degree of creativity and latitude is required. Reports to AVP of Capital Administration.
KEY RESPONSIBILITIES
- Develop and maintain comprehensive weekly, monthly, quarterly, and annual financial dashboards to evaluate performance metrics, identify variances and outliers, and provide insightful commentary to management.
- Fund all Capital, Redevelopment and Facility budgets using Yardi system.
- Review and approve budget revisions on daily basis. Ensure all supporting documents are attached and necessary approvals have been obtained, ensure workflow meets company's policy and approval thresholds.
- Address budgetary issues, invoice discrepancies, and pricing discrepancies as they arise, ensuring financial integrity throughout project execution.
- Maintain and optimize the unit renovation, amenity and common area redevelopment database and processes.
- Participate in annual budget and reforecast processes.
- Prepare ad hoc reports as requested by management.
- Responsible to audit and submit property assignment changes to IT on regular basis.
- Train the project team on budget revision process.
- Oversee the purchase order cycle from initiation to completion, ensuring accuracy and timeliness in procurement processes.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
MINIMUM REQUIREMENTS
- Minimum of 2-3 years experience in financial analysis or business analytics, real estate industry required and experience in the multifamily sector is highly preferred.
- Bachelor's Degree: A bachelor's degree in finance, accounting, business administration, or a related field is typically required. Relevant certifications or advanced degrees may be considered as a plus.
- Ability to make decisions on minor issues in accordance with company policy.
- Strong analytical, time-management, attention to detail and accuracy, written and verbal communication skills.
- Experience in Real Estate Industry: A strong background in the real estate industry, particularly in capital projects management, or property management, is highly desirable. Experience within the healthcare or senior living sectors is advantageous.
- Ability to work strategically and with significant financial and project management discipline to ensure flawless execution.
- Demonstrated organizational skills and ability to manage multiple projects simultaneously.
- Computer literacy, knowledge of Outlook, MS Office, PowerPoint, Adobe.
Applicants must be able to pass a pre-employment drug screen.
WHAT WE OFFER
- Competitive Base Salary + Annual Bonus
- Generous Paid Time Off and Holidays
- Employer-matching 401(k) Program + Profit Sharing Program
- Student Debt Program – we'll contribute up to $10,000 towards your student loans!
- Tuition Assistance Program
- Employee Stock Purchase Program – purchase shares at a 15% discount
- Comprehensive and progressive Medical/Dental/Vision options
- And much more! https://welltower.com/newsroom/careers/
Welltower is committed to leveraging the talent of a diverse workforce to create great opportunities for our business and our people. EOE/AA. Minority/Female/Sexual Orientation/Gender Identity/Disability/Vet
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
See job description