Senior Associate, Financial Operations & Analysis, Private Debt

Heitman•Chicago, IL

5d•$80,000 - $95,000•Hybrid

About The Position

This Opportunity Our Financial Operations & Analysis department is looking to hire a Senior Associate to join their team! Members of the FOA team share a strong drive to provide timely, accurate, and critical financial data analysis for the firm. In this role, you will have cross-functional visibility and the opportunity to work alongside internal groups, such as Portfolio & Asset Management, and external service providers. Our team works in a hybrid environment, with 3-days spent working in Heitman’s office each week. Focused in the Private Debt group, t he Senior Associate will provide accounting, finance, valuation, and portfolio & asset management support within the Heitman organization. The ideal candidate will be a self-starter with strong problem solving, analytical and communication skills while working in a fast-paced, highly collaborative environment. They will also demonstrate strong organizational skills and adeptness at multitasking. R esponsibilities include, but are not limited to: Apply knowledge of accounting principles and financial analysis in day-to-day responsibilities. Calculate property and debt valuations as well as investment performance metrics. Prepare quarterly status reports for each investment, collaborating with Portfolio & Asset Management throughout the process. Review and approve accounting transactions such as loan originations, repayments, loan defaults, foreclosures, and waterfall calculations. Review and analyze monthly and quarterly variances of investment income, including interest accruals, paydowns, fees, and reserve activity. Review quarterly and annual financial reports, including footnotes, and supporting schedules prepared by our third-party accounting service provider. Review, analyze and forecast investment and fund-level IRR’s and time-weighted returns and provide analytical observations and projections to Portfolio & Asset Management. Understand and prepare inputs for loan metric calculations such as DSCR, DY, and LTV Participate in ad hoc projects, including consultant/client questionnaires or other projects to assist Portfolio Management in driving fund performance and improving client service. Review and analyze fund cash flow calculations , including contributions and distributions. Develop an understanding of investments within assigned fund , including modifications and amendments to existing investment structures. Review and analyze borrower financials, rent rolls, and operating statements for ongoing credit monitoring. Coordinate with third-party service providers, including fund accounting administrators, loan servicers, valuation firms, and auditors.

Requirements

Degree in Accounting, Finance, or Real Estate
2 to 4 years of experience
Proficient Excel skills, including complex formulas and financial analysis; experience with valuation or Argus modeling is a plus
Exposure to or understanding of loan structures, interest calculations, and covenants is a plus
Analytically minded with an ability to manipulate and analyze data to identify trends, solve problems, and make informed recommendations
Effective and efficient organizational, project-, and time-management skills
Commitment and willingness to manage competing (sometimes tight) deadlines in a fast-paced environment
Team player with strong collaboration skills to support working across multiple functional departments
Motivated by independent and team-oriented successes
Skilled problem-solver with the ability to apply analytical and critical thinking in practical work environments
Strong verbal and written communication skills
A “think outside the box” mindset with a desire to brainstorm creative solutions in an ever-changing industry

Nice To Haves

Proficient Excel skills, including complex formulas and financial analysis; experience with valuation or Argus modeling is a plus
Exposure to or understanding of loan structures, interest calculations, and covenants is a plus

Responsibilities

Apply knowledge of accounting principles and financial analysis in day-to-day responsibilities.
Calculate property and debt valuations as well as investment performance metrics.
Prepare quarterly status reports for each investment, collaborating with Portfolio & Asset Management throughout the process.
Review and approve accounting transactions such as loan originations, repayments, loan defaults, foreclosures, and waterfall calculations.
Review and analyze monthly and quarterly variances of investment income, including interest accruals, paydowns, fees, and reserve activity.
Review quarterly and annual financial reports, including footnotes, and supporting schedules prepared by our third-party accounting service provider.
Review, analyze and forecast investment and fund-level IRR’s and time-weighted returns and provide analytical observations and projections to Portfolio & Asset Management.
Understand and prepare inputs for loan metric calculations such as DSCR, DY, and LTV
Participate in ad hoc projects, including consultant/client questionnaires or other projects to assist Portfolio Management in driving fund performance and improving client service.
Review and analyze fund cash flow calculations , including contributions and distributions.
Develop an understanding of investments within assigned fund , including modifications and amendments to existing investment structures.
Review and analyze borrower financials, rent rolls, and operating statements for ongoing credit monitoring.
Coordinate with third-party service providers, including fund accounting administrators, loan servicers, valuation firms, and auditors.