What are the responsibilities and job description for the Land Acquisition Analyst position at KB Home?
About KB Home
KB Home is one of the largest and most recognized homebuilders in the United States and has built over 650,000 quality homes in our more than 60-year history. Today, KB Home operates in 45 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers from those buying their first home to experienced buyers allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR® certified, a standard of energy performance achieved by fewer than 10% of new homes in America, and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable and better for the environment than new homes without certification. We build strong, personal relationships with our customers so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Build your career with KB Home. Learn more.
JOB SUMMARY: The Land Analyst position is responsible for conducting research, providing analysis, and will manage land data for the purposes of maximizing the profit of existing and proposed land assets and identifying new land acquisition opportunities that align with Market Strategy and Business Plan goals.
Essential Duties And Responsibilities
Education/Work Requirements:
KB Home is one of the largest and most recognized homebuilders in the United States and has built over 650,000 quality homes in our more than 60-year history. Today, KB Home operates in 45 markets from coast to coast. What sets KB Home apart is the exceptional personalization we offer our homebuyers from those buying their first home to experienced buyers allowing them to make their home uniquely their own, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first builder to make every home it builds ENERGY STAR® certified, a standard of energy performance achieved by fewer than 10% of new homes in America, and has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to be healthier, more comfortable and better for the environment than new homes without certification. We build strong, personal relationships with our customers so they have a real partner in the homebuying process. As a result, we have the distinction of being the #1 customer-ranked national homebuilder in third-party buyer satisfaction surveys. Build your career with KB Home. Learn more.
JOB SUMMARY: The Land Analyst position is responsible for conducting research, providing analysis, and will manage land data for the purposes of maximizing the profit of existing and proposed land assets and identifying new land acquisition opportunities that align with Market Strategy and Business Plan goals.
Essential Duties And Responsibilities
- Financial Analysis
- Assist the Land Acquisition team in the preparation of financial proformas to determine the viability of proposed land acquisitions. Create reports from Market Research Software (Marketsight, Bholke, Metrostudy) and other data sources to define competitors. Research and analyze consumer preferences for product. Post acquisition – maintain financial proformas to assess ways to enhance performance of existing communities and to report actual performance
- Land Committee - Transactional Support
- With the guidance of Land Acquisition leadership, prepare detailed Land Packages with relevant support data for submittal to Corporate Land Committee to seek approval of real estate transactions. Prepare forms necessary to transact wires for said acquisitions.
- Land Search
- Utilize Land Vision software, Metrostudy software, Google Earth, and other sources to research and identify potential land acquisition opportunities that align with Market Strategy and Business Plan goals. Routinely perform residual analyses to determine appropriate offer prices for targeted land opportunities. Maintain a tracking log and land search map of viable tracts as well as a log of comparable transactions in surrounding areas.
- Assist the Land Acquisition team in preparing the Market Strategy report annually.
- Prepare documentation to support FTC compliance (long form and short form disclosures).
Education/Work Requirements:
- Minimum of a Bachelor’s Degree or higher (Business and/or Finance preferred)
- Valid driver's license required
- 1-3 years of land acquisition transactional experience in residential or commercial real estate. Homebuilding experience preferred.
- Strong technical and analytical skills
- Excellent oral and written communication skills
- Must be proficient in Microsoft Suite (at least intermediate level)
- Strong organizational skills
- Market analysis experience a plus
- Metrostudy software experience a plus
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