Job Specifications
About Prometheus
Founded in 1965, Prometheus is the largest privately held owner of apartments in the San Francisco Bay Area, with a portfolio of over 13,000 apartments in the Silicon Valley, Portland and Seattle regions. We invest in real estate long-term and the focus on enduring quality drives every element of what we do - from our selection of locations, design decisions, reinvestments into our Neighborhoods and our operating strategy.
We are a B corporation, part of a group of companies that meets the highest standards for using business as a force for good. We have more than 500 Prometheans, and have a home office in San Mateo, with satellite offices in Portland, Oregon and in the Bay Area. We are a vertically integrated company with four main core competencies in-house: acquisitions/investments, development, value-add renovations and operations/property management. Prometheus has a long history of award-winning approaches to what we do, receiving over 100 awards for design and excellence including Fortune Magazine’s list of 100 Best Small & Medium Companies, the 100 Best Workplaces for Women and the Best Places to Work in the Bay Area.
OUR PURPOSE
We are focused on Good Living for the Greater Good. This means providing a true sense of home and belonging for our Neighbors and Prometheans and giving our time and resources to bring positive change locally and beyond. It also means supporting you in your career goals with the very best working experience, and that starts with us having fun in the work we do together.
Internship Summary
Prometheus Summer Internship Program is a paid program that will provide you with an inside look at the real estate operations of Prometheus, the largest private owner of multi-family properties in the Bay Area. The internship is intended to provide a unique opportunity to earn valuable experiences by working directly with the department managers on a daily basis. Your responsibilities will focus on providing assistance to your immediate department in the execution of daily tasks and support of internal and external customers by collaborating with others on providing outstanding service to our Prometheans, Neighbors, and Vendors. Areas of learning will include becoming familiar with varying types of real estate transactions and their associated documents, and cross-functionality in a diverse working environment. This role will require you to work up to 40 hours per week, for a duration of approximately 8 weeks.
About The Role
The Finance Intern will support the respective departments with:
Financial Responsibilities
You will gather data and evaluate valuation models for current and future financing transactions. You will identify strengths and weaknesses of proposed transactions, provide timely analyses and document assumptions and scenarios appropriately.
You will analyze long-term cash flow needs of the business to make informed decisions regarding financing and investment activities.
You will track and chart key interest rates used for financing.
You will maintain involvement in financial side of financing and asset management, e.g., refinancing analysis, sales analysis and calculation of proceeds; property and portfolio budgeting responsibilities; property tax analysis and appeals.
Financial Reporting Responsibilities
You will prepare financial statements for internal use and/or external lender requirements.
You will maintain and enhance the finance platform – tracking returns, identifying trends in portfolio to mitigate risk and/or exploit revenues, regular reporting to ownership on financial and asset performance, developing controls and assigning responsibility for key P&L and balance sheet items.
Due Diligence Responsibilities – You will assist in the coordination of due diligence requirements with lenders and third-party consultants and will maintain communications with primary lenders and serve as a liaison between lenders and company, answering questions and distributing information when requested.
Presentation: Over the course of your internship, you will create a capstone presentation that you will present to the executive team.
Here’s More Of The Nitty-gritty
Our Finance Intern possesses the following experience, skills and abilities and be able to explain and demonstrate that they can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of knowledge, skills, and abilities:
Currently enrolled in an accredited university with a sophomore, junior or senior standing
Must have strong analytical skills, be adept at working with and analyzing data, accurate and detail oriented
Your Cultural Traits - Although we’re a highly dispersed organization by the nature of our business, our Prometheans are strongly united by our Purpose, Mission and our Cultural Traits. These are the defining characteristics of a Promethean: Team Oriented, Communicator, Entrepreneurial, Passionate, Self-Starter, Creativ
About the Company
We began developing our first apartment building in the Bay Area in 1965. It was a garden apartment building with roomy floor plans, great landscaping, lakes, and a waterfall. Today, we've grown to over 13,000 apartments in and around the SF Bay Area, Seattle, and Portland. And that very first apartment building? It's still in our portfolio. To us, it represents our deep commitment to place-making investments inside and out to make your home feel charming, welcoming, inspiring, and enduring. When it says Prometheus on the do...
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