Land Acquisition Analyst

New Home Co. is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas in Arizona, California, Colorado, Oregon, Texas, and Washington. NEW HOME was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of "The Eliant" for Best Overall Customer Experience in the multi-divisional builder segment.

At New Home Co., we believe that PEOPLE matter. The strength of our homes is built upon a foundation of focused, energized, visionary and dedicated team members. Our goal is to provide a workplace that supports you in doing the best work of your life. 

Check out NWHM's 2023 Corporate Sustainability Report 

Position Title: Land Acquisition Analyst

Position Summary:

Play a critical role in identifying, analyzing and presenting future residential development projects for a high-growth homebuilding company.

Job Duties:

Strategic Market Analysis:

• Assist the Land Acquisition team in the preparation of competitive market analysis and financial proformas to determine the viability of proposed land acquisitions.
• Collect data on available residential land compatible with the company's strategic plan.
• Maintain a land database of land purchases as well as existing and future opportunities.
• Extract & analyze data from a variety of sources like the MLS, company databases, Metrostudy, LandVision, Zonda, and other external websites.
• Review and analyze due diligence information for potential investments.
• Work with the development and project management team to determine budgets and schedules to be used in proformas.
• Coordinate with multiple departments to understand internal costs and assumptions to be used in proformas.
• Prepare offer letters under the deal structure guidance of Land Acquisition management.
• Assist with preparation of pre-acquisition Investment Memorandum and related support material.
• Overall project document control, including correspondence, purchase orders, invoices and supporting documentation.

Acquisition Analysis and Financial Modeling:

• With the market priorities defined by Land Acquisition leadership, actively research, analyze, and identify potential land acquisition targets by utilizing mapping and market data software.
• Maintain a database that identifies each target and tracks the current status of each.
• Conduct land opportunity analysis to include entitlements, site planning, proforma development and market research.
• Prepare financial modeling (proforma) and related financial sensitivities.
• Perform data analysis and review financial models to identify trends and improve underwriting accuracy.
• Continually refine data visualization and graphing skills to create more effective deliverables.
• Structure and prepare Letters of Intent.
• Oversee all closing documents and funds transfer requirements for escrow closings.

Position Qualifications

Education

• Bachelor’s degree required.
• MBA or MRED desired

Experience

• 2+ years of experience in real estate or market research preferred.
• Knowledge of the homebuilding and land brokerage industry preferred.

 Skills

• Expert analytical and financial skillsets
• Strong MS Office skills including Excel modeling and Word, Google Earth Pro
• Strong market research capability
• Team player/Cross functional collaborator
• Excellent verbal and written communication skills.
• Must be detail-oriented and organized.
• Must be driven, independent, and results-oriented.
• Excellent problem-solving skills and eagerness to learn.

Base Salary: The expected base salary range for this position is between $68,000 to $78,000 per year, depending on experience and skillset. Base Salary is paid bi-weekly, every other Friday. Additionally, this position is eligible for an annual bonus based on divisional and individual performance.

Benefits: In addition to competitive medical, dental and vision coverage, The New Home Company provides comprehensive benefits to eligible team members and their dependents, generous paid time off policies, like vacation, holidays, sick leave, jury duty, and bereavement; paid disability, parental and military leave; company-sponsored and voluntary term life, AD&D, and short- and long-term disability insurances; a 401(k) retirement plan with bi-weekly employer matching of 50% up to the first 8% of team member contributions; as well as a wellness incentive program.

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Similarly, the work environment characteristics described 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.

Physical Activities

The activities that are essential to performing the position duties include:

•  Bending
•  Lifting from 1 (lbs) to 15 (lbs)
•  Reaching
•  Seeing
• Standing up to 20% of the time
• Sitting up to 70% of the time
• Walking up to 10% of the time
• Hearing
• Repetitive Motion (i.e. Gripping)
• Typing
• Talking 

Environmental Factors – Job Duties may require working in the following environments:

• Normal Office
• Low to Moderate Noise Level (Corporate Office)

New Home Co. retains the discretion to add or change job duties at any time.

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