Carvana is hiring a

Real Estate Analyst

Phoenix, United States

ABOUT CARVANA...

At Carvana, we sell cars, but we’re not salespeople. We saw a huge problem with how much it can suck to buy a car the traditional way. To fix that, we committed ourselves to tackling one of the largest, yet-to-be-disrupted markets in the world – the $1T per year U.S. car market (yes, that’s $Trillion with a “T”). We provide a seamless, online car buying experience for consumers from A-to-Z. From acquiring, inspecting and certifying high quality cars, to providing 360° high-resolution photography inside and outside of the vehicle, to generating real-time financing and warranty options, to providing consumers with the option to have cars delivered to their driveway in as little as 24 hours or pick-up from one of our state-of-the-art Car Vending Machines (yes, you read that right) all with a 7-day Money Back Guarantee, we’ve made it our mission to redefine the car buying status quo. With no dealerships or commissioned sales people, we also save thousands of dollars per car in expenses that we pass on to our customers.

Recently named Forbes’ 5th Most Promising Company in the U.S., we offer the excitement, culture and opportunity of a start-up, with the capitalization and infrastructure of a much more established business. For more information on Carvana, take a look at our company introduction video.

 

WORKING AT CARVANA YOU WILL NOTICE THAT…

You'll need to be a great communicator, a brand ambassador and possess the know how to get the job done.

We expect bright people, willing to roll up their sleeves, take on new assignments and juggle many things at once.

In return for your hard work, you'll have an opportunity to work at one of the fastest growing and creative technology companies around, as well as help us promote a life-changing product and develop a world-class team every day.

 

JOB DESCRIPTION

The Real Estate Analyst will assist the real estate team in financial analysis and database management. Financial analysis task include compiling demographic data, sale or lease comparisons, overall market trends, pro-forma and budget analysis into concise presentations for the leadership team. The analyst must also create and maintain a database tracking all sites. The database will be used to track progress of individual sites, as well as, overall real estate expansion goals.    

 

 

SPECIFICALLY, YOUR RESPONSIBILITIES INCLUDE

Financial Analysis

Financial analysis will become the backbone to our decision making. The analysis process must take into account the market size, potential market share, competition, construction budget and other variables to create a financial analysis for each market and site. The analysis will help guide decision making for the leadership team.

  • Create pro-forma financial model for site evaluation
  • Analyze competition data and project estimated sales.
  • Prepare and maintain market analysis reports including trade area sales per square foot, vacancy rate, absorption and comparable sales or leases.

Why it Matters to the Business

  • Today, decisions are made on site score card and a market visit by the leadership team. Financial tool must be included in this process to help set expectations for the market.
  • Real estate budgets are based on comparable sales or leases rather than financial analysis on specific market revenue expectation.

 

Real Estate Database

The real estate database will track sites and produce various reports to provide leadership visibility into real estate’s progress at any given time. The database must be maintained with accuracy and updated on a daily basis. It will track sites through the various phases of a sites life cycle; initial evaluation, LOI (Letter of Intent), Contract Executed, Due Diligence and Construction. 

  • Create, update and audit all information in database to ensure accuracy
  • Establish goals for each market and track progress
  • Set budget and track actually spending throughout transaction and construction.

 

Why it Matters to the Business

  • We currently use a vendor to manage and track real estate progress. The service is expensive and data is unreliable.
  • It is critical for real estate to move as far ahead of expansion as possible. This requires evaluating and tracking numerous sites in several markets throughout the country. The database must be accurate and reliable at all times.  

 

THE QUALIFYING CANDIDATE MUST HAVE:

  • BA/BS in real estate, finance, economics, marketing, accounting or related field.
  • 3-year minimum experience in commercial real estate.
  • Experience in commercial real estate acquisition underwriting, sale leaseback structure is a plus
  • Strong analytical skillset with advance skill level using excel.
  • Experience with LoopNet, CoStar or other commercial MLS sites.
  • Comprehension of lease/purchase agreement language
  • Comprehension of Real Estate financing and banking transactions
  • Working knowledge of Word, Outlook and PowerPoint.
  • Must be organized, able to work in a fast-paced, team-oriented environment with multiple deadlines, and adapt readily to changing priorities.
  • Detail oriented and the ability to convey information orally and in written reports and presentations in a clear and concise manner.
  • High level of communication
  • Self-initiator with the ability to problem-solve.
  • Must be willing to travel
  • Must adhere to regular and predictable attendance.
  • You have to understand the value of teamwork and how teams work…that was deep. If you disagree, read it again. Out loud if necessary.
  • Enthusiasm and energy to contribute to and thrive in a rapidly growing start-up atmosphere where roles continually adapt as the company evolves
  • Hiring is contingent on candidate verifying their eligibility to work in the United States and passing a complete background check.

 

 

WHAT YOU CAN EXPECT IN RETURN:

  • Full-Time Salary Position
  • Medical, Dental, and Vision benefits
  • 401K with company match
  • Access to opportunities to expand your skill set and share your knowledge with others across the organization
  • Company culture of promotions from within, with a start-up atmosphere allowing for varied and rapid career development

 

Carvana is an equal opportunity employer.