Harrison Street Asset Management ("HSAM") is a leading global alternative investment management firm focused on real estate, infrastructure, and credit strategies across North America and Europe. Headquartered in Chicago, Toronto, and London with offices across North America, Europe, Asia and the Middle East, the firm has over $108 billion in assets under management on behalf of institutional investors and registered investment advisors globally.
Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid-market infrastructure. Today, the firm’s global team, consisting of more than 520 professionals, is committed to creating long-term value through deep sector expertise and forward-thinking strategies.
Responsibilities:
- Modelling– high excel proficiency essential
- Build and maintain asset-level cash flow models (NOI, capex, debt service, distributions)
- Implement and reforecast operator business plans; track budget vs actuals and explain variances
- Run debt, liquidity and covenant analysis (ICR, DSCR, LTV, cash traps, refi scenarios)
- Model equity waterfalls and distribution mechanics at asset and JV level
- Perform valuation, sensitivity scenarios, and hold-vs-sell analyses (rent, cap rate, exit timing)
- Consolidate asset outputs into portfolio dashboards and investor reporting
- Reconcile operator reports, draw summaries and bank data; apply strong model controls
- PBSA and BTR experience
- Manage relationships and execute investment strategy with a select group of existing operating partners and third-party service providers;
- Review and analyze budgets and business plans across partner relationships;
- Liaise with portfolio management to communicate liquidity needs at fund/ asset level
- Assist in the disposition process with operating/jv partners including presentation of the transaction to investment committee and oversight of the due diligence and closing process;
- Attend property tours for assigned partner relationships;
- Analyze and monitor property level financials and debt obligations;
- Review and analyze lease transactions
- Evaluate and recommend required capital improvement programs including scope of work and economic analysis;
- Oversight of property operations including property management and leasing terms as well as sales and leasing calls
- Assist in negotiating property management and leasing agreements; including university nominations
- Review and approve appraisal reports as completed by third party appraisal management firms and complete annual internal valuations;
- Assist the Acquisitions group with underwriting transactions including preparation of pro forma cash flow projections;
- Coordinate purchase of interest rate derivatives;
- Assist in the recruiting and training of new employees and interns;
Qualifications:
- Good degree (2:1 or better) in a relevant subject
- 3 plus years’ experience in real estate from private equity, investment banking, investment management or corporate finance companies
- Experience/exposure to operational real estate and/or alternative sectors (e.g., student accommodation, BTR/PRS) is essential
- Work experience with institutional real estate private equity firms, investment/asset managers, and/or developers/operators
- Proven Excel modelling skills, able to build financial and cashflow models from scratch, audit models and work product from junior staff,
- Leadership and mentoring abilities to help manage junior staff
- Excellent communication skills with a fluency in both written and spoken English
- Further European language(s) would be a bonus
- Analytical and technical-minded; able to conduct operational analysis
- Entrepreneurial mentality, strong desire to contribute to the growth of a world class firm.
- Proactive work approach to identify value-add opportunities and mitigate / avoid problems
- High level of flexibility, exhibiting professional and personal maturity and able to handle multiple tasks simultaneously
- Team player, able to develop and maintain relationships
- Hands-on, with the ability to be effective in a small and nimble team
- High level of attention to detail
- Creative problem-solver with an open-mind and a willingness to learn
- Confident and resourceful, ambitious, able to balance working without constant supervision and taking direction while seeing through projects.
