Intern - Financial Planning & Analysis (Finance & Accounting Majors)
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Simon Property Group
Indianapolis, IN, US
Summary
The intern will perform financial analysis on capital investments, including new developments, renovations, and acquisitions. They will also support senior management by preparing budgets, cash flow projections, and evaluating financial impacts of business decisions.
Job Description
Job Location:
Corporate Indianapolis
PRIMARY PURPOSE: To ensure accurate and valid analysis of the financial impact of various business decisions with primary focus on the area of capital investments including new developments, renovations, expansions, and acquisitions.
PRINCIPAL RESPONSIBILITIES:
The successful candidate’s responsibilities will include, but not be limited to:
Development Related Tasks
• Prepare development budgets, project pro forma income, and estimate rate of return for new developments, renovations/expansions, or big box additions requiring capital investment ranging from $0 to well over $100 million.
• Interact on a regular basis with developers, leasing representatives, and construction managers to resolve development issues.
• Assist in decision-making process by evaluating financial impact of development alternatives.
• Review and assess effectiveness of development activity including monitoring process toward achieving projected pro forma income levels.
Acquisition/Disposition Related Tasks:
• Evaluate property or portfolio acquisition candidates and analyze historical and projected cash flows, key operating statistics, and investment yields.
• Interact with broker and/or seller to further understand acquisition candidate, its financial statements, and identify/resolve issues.
• Provide analysis of acquisition candidate to senior management for their consideration in determining bid strategy.
• Prepare analysis of potential sale of Simon assets and assist brokers in preparation of sales packages when needed.
• Assist buyers in completing their due diligence review of disposition assets.
Special Projects:
• Provide analytical support to leasing to assist in negotiating lease settlements, multiple lease deals with national tenants, or other special situations.
• Prepare cash flow projections and other financial information for consideration of prospective equity partners and/or lenders.
• Work with partners and/or lenders or their appraisers to answer all questions and assist them in their valuation of Simon assets.
• Prepare special analysis for senior executives or Board of Directors as needed.
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
Our portfolio includes assets of national and international renown - proven assets that are the preferred location for retailers. In addition to our high quality properties, Simon is also known for our strong balance sheet, a long-tenured and well-respected senior management team, and our innovative spirit, as reflected in a 50 + year history of successful retail real estate development, management & leasing.
Employment at Simon is considered the pinnacle of a career by real estate professionals due to our leadership position in the industry. With a total market capitalization of over $80 billion, we are well positioned to continue to deliver strong financial results and create shareholder value. Headquartered in Indianapolis, Indiana, we employ approximately 4,800 people across the United States.
Founded
1960
Company size
5,001-10,000 employees
Industry
Retail Real Estate
Org type
Public Company
Headquarters
Indianapolis, IN
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
Our portfolio includes assets of national and international renown - proven assets that are the preferred location for retailers. In addition to our high quality properties, Simon is also known for our strong balance sheet, a long-tenured and well-respected senior management team, and our innovative spirit, as reflected in a 50 + year history of successful retail real estate development, management & leasing.
Employment at Simon is considered the pinnacle of a career by real estate professionals due to our leadership position in the industry. With a total market capitalization of over $80 billion, we are well positioned to continue to deliver strong financial results and create shareholder value. Headquartered in Indianapolis, Indiana, we employ approximately 4,800 people across the United States.
Founded
1960
Company size
5,001-10,000 employees
Industry
Retail Real Estate
Org type
Public Company
Headquarters
Indianapolis, IN