Senior Manager of Financial Product Strategy, Roofstock
$180-205k
+ Equity
Office located in Oakland, CA
Real Estate Investment Platform
Job no longer available
Real Estate Investment Platform
201-500 employees
Job no longer available
$180-205k
+ Equity
Office located in Oakland, CA
201-500 employees
Company mission
To make ownership of investment real estate radically accessible, cost-effective and simple.
Role
Who you are
- Bachelor's degree in finance, economics, or a related field (MBA and/or CFA designation a plus)
- Proven experience (5-10 years) in capital markets, investment banking, private equity, or a related field. Private markets fund experience is a big plus
- Strong understanding of real estate finance and investment
- Excellent analytical and basic financial modeling skills
- Exceptional communication and interpersonal skills
- Ability to break down complex problems into manageable task and execute
- Ability to thrive in a fast-paced, dynamic, and entrepreneurial environment
- Collaborative and curious with a willingness to go above and beyond
- The ideal candidate will be a self-starter who is highly organized and detail oriented. A project manager with the ability to reprioritize in real time and juggle many short-term and long-term initiatives at once
- This role requires a dynamic individual who can navigate the complex world of capital markets, design products that can support a variety of investor types and support the delivery of its stated investment strategy
What the job involves
- Roofstock is seeking an individual to join our newly formed Capital Markets team and will report to the Head of Fund Product. This role will be supporting the build out of an institutional grade Single Family Residence (SFR) investment platform and other products that deliver investor exposure to the SFR space
- Partner with our limited partners, capital markets team and legal to ensure the necessary entities and legal structures are in place to efficiently accept investor capital
- Partner with Investment, Research, Sales & Marketing teams to identify and size new investment strategies
- Work with internal teams to build the investment process, ensure the data, technology and risk mitigants are in place to ensure the fund(s) can consistently achieve their investment mandate
- Partner with the Capital Markets team to develop relationships with LP, understand their unique onboarding, reporting and communication needs. Ensure the necessary reporting is place to assist in the development, preparation, and review of annual LP conference materials, pitch books, performance memos
- Conduct Industry Research and market analysis to evaluate and prioritize product concepts
- Collaborate with the executive team to develop financial models, forecasts, and budgets that align with Roofstock's growth plans and long-term financial goals
Our take
Everyone knows that buying a house is a massive ordeal, but what if it didn’t have to be? That’s Rootstock’s aim, with its platform designed to make buying and selling investment properties as easy as it can be for everyone.
Its main selling points are the scalability of its program - the services are offered to the person buying a single-family rental unit and for the magnate with a large portfolio - and the dual approach of human real estate expertise with AI software.
After reaching a value of $1.9 billion in 2022, Roofstock sold its first home using NFTs, indicating a growing focus on blockchain usage within the housing market. However, due to the economic downturn in the housing market, it has suffered from an estimated 27% cut to its workforce from 2022 to 2023. Moving forwards, Roofstock hopes to weather the economic storm by realigning its capital in line with the current market.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-29% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Mar 2022
$240m
SERIES E
Jan 2020
$50m
SERIES D
Total funding: $371.6m
Company benefits
- Medical, Vision & Dental for you and your dependents
- Flexible vacation policy
- Discount to 24 Hour Fitness
- Equity incentives to give you a stake in the company's future
- Fully stocked kitchen
- Team outings and events
- Ping-pong
Company HQ
Downtown, Oakland, CA
Leadership
Gary
(Co-Founder & CEO)Previously CEO of Starwood Waypoint Residential Trust, Waypoint Homes, Greenpoints, and CFO of ZipRealty.
Gregor Watson
(Co-Founder & Chairman)Formerly a Partner and McKinley Partners and founder of 643 Capital Management. Alongside Roofstockm they currently work at Creative Juice, Zibo, Lessen and 1Sharpe Capital, all of which they co-founded.
Rich Ford
(Co-Founder & Chief Development Officer)A former Associate at Lehman Brothers, and Managing Director at both Jefferies and Bank of America Merrill Lynch. They are also Co-founder of Vesta Ventures, where they still work.
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