Benefits

Job Description

Associate Position

Palatine is seeking a highly motivated asset management/FP&A professional to join our investment team. The Associate will be an integral part of the company, with asset management responsibilities across the firm’s various investment strategies. The professional will be responsible for all aspects of strategic and asset-level management, including business plan implementation and investment tracking.

Primary Responsibilities

The Associate’s time will primarily be focused on asset management. Primary responsibilities are as follows:

Asset Management:

· Manage the execution of business plans on new acquisitions and ongoing asset management across select asset classes

· Perform in-depth analysis of monthly financial statements and KPIs and present to sector teams

· Spearhead revenue management projects with on-site property managers including pricing reviews, marketing strategies and new initiatives

· Supervise development and renovation projects with the support of the internal construction management and our operating partners.

· Lead quarterly reporting tasks on portfolio assets – revise cash flow projections, conduct re-underwriting analysis, prepare valuation assumptions

· Work with PAL’s construction team to manage capital improvement projects, track progress and monitor performance versus budget

· Manage loan requirements for portfolio assets including covenants, loan draws, lender reserves

· Manage key operating expenses across portfolio assets including real estate taxes and property-level insurance

· Assist in asset refinancings and dispositions, working with key external and internal stakeholders

· Track industry trends and adjust property business plans as necessary.

Experience & Qualifications

· Demonstrated track record of high academic achievement at a top-tier undergraduate educational institution (concentration in finance, accounting and/or real estate is preferred but not required)

· 1-5 years of outstanding hands-on asset management experience at a firm with direct real estate ownership

· Superior quantitative and financial modeling skills, with proven analytical abilities in real estate

o Advanced Excel experience is mandatory

o Some Argus experience is preferred, however not mandatory

· Proficient with PowerPoint

· Strong business writing skills

· Basic understanding of various debt and equity structures

· Ability to work autonomously, be proactive, multi-task and thrive in an entrepreneurial setting

· Sound judgment with the ability to identify the relevant questions and important issues when evaluating a situation

· Strict attention to detail, strong work ethic, integrity and ability to take direction

· Excellent interpersonal, verbal and written communication skills

· Willingness to learn, adapt and take on new tasks in an ever-changing industry

· Ability to travel as needed

Asset Management

Financial Analysis

Operations

Project Management

PCP

Palatine Capital Partners

• 1-100 employees

About Palatine Capital Partners

Palatine Capital Partners Management (“Palatine”) is a principal investment firm founded in 2007, focused on making complex, lower middle market investments in US real estate. Palatine combines operating and transactional expertise in needs-based, consumer-oriented strategies: commercial (self-storage, small bay industrial, and parking) and residential (student housing and multifamily). The firm pursues opportunistic real estate investments, encompassing a variety of strategies including development, value-add or distressed themes, strategic 'buy and hold' scenarios in locations with strong long-term dynamics, or creative preferential structures with significant capital protection. The firm invests on both a direct basis and as a capital partner (LP) with top tier operating partners who have asset class and/or geographical expertise.

Since its 2007 inception, Palatine has raised four opportunistic equity funds (PREF I, PREF II and PREF III are fully invested/committed, PREF IV is a ~$595 million vehicle), one secondary debt fund (PSCOF – fully realized) and made numerous programmatic balance sheet investments. To date, Palatine has executed 120+ investments with a total capitalization of more than $3.0 billion.

Palatine has built a team that combines deep, sector-specific operating expertise with private-equity financial and transactional capabilities. The firm’s team of 21 professionals in New York City, Miami and Los Angeles possess broad and complimentary skills that allow the firm to uncover standout, undervalued investments that exhibit significant turnaround and growth potential to generate asymmetric risk-adjusted returns.

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