Senior Associate, Financial Operations & Analysis, Private Debt
About The Position
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, the 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.
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
- 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
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
