Job Description

Overview

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm\xe2\x80\x99s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past five consecutive years in the U.S., the No. 1 global restructuring advisor for the past six consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv (formerly Thomson Reuters).

Financial Valuation and Advisory

Over the past 50 years, Houlihan Lokey has established one of the largest worldwide financial and valuation advisory practices. Our transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, retained counsel, investors, and business owners we serve. In 2021, Refinitiv (formerly known as Thomson Reuters) ranked us the No. 1 U.S. M&A fairness opinion advisor over the past 20 years. Our stability, integrity, technical leadership, and global capabilities make us a trusted advisor for clients worldwide, across a wide range of services, including the Transaction Opinions, Transaction Advisory Services, Corporate Valuation Advisory Services, Portfolio Valuation and Fund Advisory Services, Real Estate Valuation and Advisory Services, and Dispute Resolution Consulting practices.

Real Estate Valuation and Advisory Services

Houlihan Lokey\xe2\x80\x99s Real Estate Valuation and Advisory Services practice (REVS) brings dedicated expertise to the unique challenges inherent in valuing real estate assets. Our seasoned team of real estate professionals has a distinguished history of valuing real estate companies and their underlying securities, large real estate portfolios, and individual properties.

The group is composed of credentialed industry professionals who hold the MAI designation awarded by the Appraisal Institute, Certified Public Accountants, as well as Accredited Senior Appraisers of the American Society of Appraisers (ASA) and professional members of the Royal Institute of Chartered Surveyors (MRICS and FRICS). Our capabilities go far beyond appraisal, with our REVS team regularly working alongside our Real Estate, Lodging & Leisure Group (Corporate Finance/ Restructuring) to provide distinctive expertise in transaction execution. Such market intelligence empowers our REVS team to deliver real-time insight based on real-world transactional experience.

- Financial Analyst

Our Real Estate Valuation and Advisory Services (REVS) team is recruiting for a new Financial Analyst. We have availability in our Los Angeles, Chicago, Dallas, Atlanta, and New York offices. As a Financial Analyst, you will review and analyze complex real estate models, conduct market and financial research regarding real estate supply, demand, pricing and investment parameters; including in-market interviews, data gathering and confirmation of comparable transactions as well as utilizing data subscription sources. The Financial Analyst will work with other Analysts, Associates, and Officers to execute valuation advisory work, often in connection with high profile real estate transactions. You will work with many leading REITs, real estate private equity firms, and real estate operators, analyzing and valuing their investments for a variety of purposes.

The Financial Analyst will work with a highly talented and dedicated staff of professionals who will give broad exposure to the many different issues and concerns affecting real estate businesses and investors today. The environment at Houlihan Lokey is collegial and entrepreneurial and rewards Financial Analysts with substantial responsibility and interaction with senior-level professionals.

Responsibilities & Deliverables:

• Work alongside Analysts, Associates, and Officers valuing commercial real estate investments across various asset classes (multifamily, retail, industrial, hospitality, and more).
• Be actively involved in various client engagements, including valuation and advisory work related to investor and financial reporting, due diligence, and transaction opinions.
• Collect, manipulate, and analyze property, market and financial data.
• Acquire knowledge of the use and capabilities of subscription data sources and software, including Costar, REIS, Green Street, Real Capital Analytics, Marshall Valuation Services, ARGUS, etc.
• Analyze historic property operating statements and analyze leases.
• Assist Associates and Officers in the preparation of complex cash flow models using Excel and/or ARGUS software, including analyzing available data to estimate revenues, costs, and rates of return.
• Estimate value of real estate investments at various levels of the capital stack, including asset-level valuations, equity valuations, preferred equity valuations, and debt valuations.
• Prepare reports and presentations to team and clients, including graphic and written sections.
• Assist in marketing pitches, real estate thought leadership articles, and other ad-hoc duties.

Basic Qualifications

• 1-3 years of real estate industry experience, with a preference towards direct real estate valuation experience demonstrating analytical capabilities.
• A strong interest in real estate advisory work (ie, valuation consulting).
• COVID vaccination required, subject to applicable state and federal law.

Preferred Qualifications

Teamwork is essential to the firm\xe2\x80\x99s success. At the same time, creativity and new ideas are encouraged. Analysts are given substantial responsibility and are encouraged to help us grow our business. The ideal candidate should be motivated, creative, outgoing, and possess strong financial analysis skills.

• Undergraduate coursework in real estate finance, real estate valuation, or related fields
• Knowledge of real estate valuation theory, methodologies, and applications
• Strong analytical abilities
• Proficiency with Excel (particularly modeling skills, writing macros, etc.) and PowerPoint
• Experience in ARGUS is strongly preferred
• Excellent verbal and written communication skills
• Strong work ethic and attention to detail
• Ability to multi-task and work in a fast-paced environment
• Excellent organizational, problem solving and communication skills
• Possession of or progress towards real estate industry certification licenses, such as MAI, CCIM, certified general real estate appraiser
• CPA, CFA or other financial credential a plus
• Willingness to travel

- Associate

Our Real Estate Valuation and Advisory Services (REVS) team is recruiting for a new Associate. We have availability in our Los Angeles, Chicago, Dallas, Atlanta, and New York offices. As an Associate, you will conduct financial research, review and analyze complex real estate models, help lead client diligence calls, and work with other Analysts, Associates and Officers to execute valuation advisory work, often in connection with high-profile real estate transactions. You will work with many leading REITs, real estate private equity firms, and real estate operators, analyzing and valuing their investments for a variety of purposes.

The Associate will work with a highly talented and dedicated staff of professionals who will give broad exposure to the many different issues and concerns affecting real estate businesses and investors today. The environment at Houlihan Lokey is collegial and entrepreneurial and rewards Associates with substantial responsibility and interaction with senior-level professionals.

Responsibilities & Deliverables:

• Work alongside Analysts, Associates, and Officers valuing commercial real estate investments across various asset classes (multifamily, retail, industrial, hospitality, and more).
• Be actively involved in various client engagements, including valuation and advisory work related to investor and financial reporting, due diligence, and transaction opinions.
• Collect, manipulate, and analyze property, market and financial data.
• Acquire knowledge of the use and capabilities of subscription data sources and software, including Costar, REIS, Green Street, Real Capital Analytics, Marshall Valuation Services, ARGUS, etc.
• Analyze historic property operating statements and analyze leases.
• Assist Officers in the preparation of complex cash flow models using Excel and/or ARGUS software, including analyzing available data to estimate revenues, costs, and rates of return.
• Estimate value of real estate investments at various levels of the capital stack, including asset-level valuations, equity valuations, preferred equity valuations, and debt valuations.
• Prepare reports and presentations to team and clients, including graphic and written sections.
• Review Analysts and Associates work products, providing real-time coaching on technical and real estate market matters.
• Regularly present results from modeling and valuation projects directly to Officers and Clients.
• Assist in marketing pitches, real estate thought leadership articles, and other ad-hoc duties.

Basic Qualifications

• 3-5 years of direct real estate valuation experience demonstrating analytical capabilities.
• A strong interest in real estate advisory work (ie, valuation consulting).

Preferred Qualifications

Teamwork is essential to the firm\xe2\x80\x99s success. At the same time, creativity and new ideas are encouraged. Associates are given substantial responsibility and are encouraged to help us grow our business. The ideal candidate should be motivated, creative, outgoing, and possess strong financial analysis skills.

• Undergraduate coursework in real estate finance, real estate valuation, or related fields
• Strong understanding of real estate valuation theory, methodologies, and applications
• Exceptional analytical abilities
• Strong Excel modeling skills (e.g., waterfall calculations, building discounted cash flows, writing macros, etc.) and PowerPoint
• Proficiency in ARGUS
• Excellent verbal and written communication skills
• Strong work ethic and attention to detail
• Ability to multi-task and work in a fast-paced environment
• Excellent organizational, problem solving and communication skills
• Possession of or progress towards real estate industry certification licenses, such as MAI, CCIM, certified general real estate appraiser
• CPA, CFA or other financial credential a plus
• Active participation in real estate industry organizations (e.g., Appraisal Institute, ULI, NCREIF, NAREIT) a plus
• Willingness to travel

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.

Houlihan Lokey