Experienced Analyst or Associate - Special Situations
Prime Finance Advisor, LP
Chicago, IL
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Office
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Benefits
Job Description
About the company:
Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further expansion of existing and new credit strategies as well as extensive investment in internal processes, systems, and resources.
Job Summary:
The position will be responsible for supporting the Special Situations team with all aspects of the investment processes with a primary focus on research, analysis, underwriting, investment material production, and monitoring of various real estate-related investment opportunities. In addition, this position will also play a key role in the due diligence and closing of Special Situations investments made by Prime.
The Special Situations group invests throughout the capital structure with a focus on higher yielding opportunities structured as either debt or equity. Special Situations investments are expected to include, but not be limited to, issuing senior and subordinate debt as well as preferred and structured JV equity; acquiring non-performing and sub-performing commercial real estate debt; providing rescue and runway capital in distressed or dislocated scenarios as well as acquiring and operating underperforming REO.
Essential Functions:
- Assist the Special Situations team with all aspects of investment opportunity review, due diligence, closing, and investment management/business plan execution
- Participate in the assessment and structuring of investment opportunities by critically evaluating the merits and risks of the investment through the development of financial metrics, models, and sensitivities;
- Support and coordinate with third-party vendors on due diligence, data collection, and credit/underwriting review;
- Assist in the preparation of comprehensive investment committee materials and communicate conclusions and investment risks to senior management for approval during Investment Committee and other periodic portfolio reviews.
- Support interactions with Legal, Capital Markets, Accounting, and Compliance as needed;
- Assist the Asset Management function with aspects of business plan execution and investment management, including monitoring property operations to support proactively reducing risk and strengthening asset performance
- Perform other duties as assigned or requested.
Qualifications:
- Bachelor’s degree (BS/BA) in related field required
- 2 - 5 years of experience of real estate investing or real estate finance, with experience with commercial real estate valuation, credit underwriting, and market analysis required
- Excellent written and verbal communication skills
- Familiarity with multiple property types such as office, multifamily, retail, and lodging
- Exceptional financial modeling skills in Excel required with proficiency in Argus preferred
- Proficiency in utilizing industry research resources and collecting and organizing key data
- Familiarity with operating characteristics of real estate projects (revenue, expenses, capital expenditures, tenant credit, lease structures, etc.)
- Ability to work effectively on multiple projects simultaneously and proactively execute responsibilities without direct oversight
- Desire to join an entrepreneurial team and grow along with the Special Situations platform
- Problem-solving attitude and team player
CA Employee Privacy Notice:
Equal Opportunity Employer:
Prime Finance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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