Position Type: Full time
State: VA
City: Arlington
Zip Code: 22203

Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

The Utilities Analyst plays a crucial role in AvalonBay’s overall Energy Management Strategy which is comprised of utility expenses, utility reimbursements, energy procurement and sustainability projects. This position is responsible for data consolidation / verification, analysis, budgeting, and financial reporting with respect to utility expense and reimbursement programs, energy consumption, current energy market trends, and waste / recycling programs.

The role focuses on delivering analytics that drive better and faster decision making across the department and impacted stakeholders, including identifying solutions for execution in line with business requirements.

Essential Job Functions:

• Analyze utilities expense and consumption data on a monthly basis to identify trends and areas of improvement for the entire portfolio.

• Proactively troubleshoot utility expense, reimbursement, and consumption issues on behalf of the Operations team and explain variances on financial statements surrounding utilities.

• Provide data to support the annual program operating budgets and subsequent reforecasts. Review for accuracy and precision.  

• Develop new analytics, financial reports and maintain existing reports.

• Collaborate with various departments including Accounting, FP&A, and ESG, to identify, document and evaluate process and NOI improving opportunities

• Assist in the preparation of quarterly Utilities update for Senior Leadership that includes high level talking points for investor calls on relevant, utility-related issues.

• Assist in the preparation of annual Utility budget memos that document budget inputs, facts, and assumptions to be distributed to the Operations team.

• Work with utilities management vendor to identify and execute on utility expense saving initiatives.

• Identify value add opportunities within assigned program(s).

Non-Essential Functions:

All other tasks as assigned by the manager.

Minimum Qualifications: 

Education:

• Bachelor’s degree in Business, Accounting, or Finance required.

• Education/academic excellence and performance will be considered.

Experience:

• Minimum two years’ experience, in internal of financial auditing, financial analysis, or analytical role.

• Energy industry experience or background in sustainability or environmental policy is preferred.

• Real estate or multi-family industry experience is a plus.

Knowledge, Skills and Abilities:

• Very strong analytical skills, including financial analysis, variance analysis.

• Must have the ability to manage workload, establish priorities, and coordinate work activities.

• Ability to develop efficient and effective processes that impact the entire organization.

• Follow established polices and procedures in compliance with Generally Accepted Accounting Principles (GAAP).

• Ability to manage relationships with various vendors.

• Excellent communication and presentation skills, with the ability to communicate to diverse group of stakeholders.

• Quickly learns and navigates the organization; Learns different departments’ functions and identifies and solicits internal resources required to support initiatives.

• Knowledge of computer systems and applications with a demonstrated aptitude with MS Excel.

Physical Demands:

• Normal office environment

Working Environment:

• Normal office environment

Licenses/Certifications:

• None required

Training:

• Satisfactory completion of AVB’s new hire orientation within 30 days of employment or the first training session offered after employment.

• Any other applicable training assigned by the manager.

How AvalonBay Supports You

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment.  We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)

Job ID JR104968