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, 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.

Responsibilities 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.

Qualifications:

• 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

Job Location and Travel

• This position is based in our Chicago office.
• Our teams work in a hybrid environment and in-office days vary by team.

We are looking for great candidates who have a unique combination of experiences, traits, and talents. We couldn’t describe you in a list of bullet points, so consider this posting a conversation starter. If you check some, but not all, of our boxes, we still want to talk! Please apply for this role if much of this job description describes you.

Right Company, Wrong Role? Check out our other opportunities or refer a friend!

The Firm

Founded in 1966, Heitman is a global real estate investment management firm. Our mission is to lead the evolution of real estate through investments that fulfill the needs of people and communities in a world of constant change. To learn more about our organization and culture, click here.

Total Rewards (Compensation, Benefits & Perks):

At Heitman, we believe that our success is driven by the success of our team members. That's why we use market data to ensure competitive compensation for every role, reflecting our commitment to investing in our team. When we grow, you grow!

The expected annual base salary range for this role is $80,000-$95,000 and will be further discussed during the interview process. This range represents what Heitman reasonably and in good faith believes we would pay a qualified candidate for this role at the time of posting (based on a full-time equivalent schedule). Your actual base salary placement will depend on factors such as (but not limited to): your relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition, all of our team members are bonus eligible and participate in a generous annual bonus plan, with the percentage varying based on your role and level, ensuring that your contributions are recognized and rewarded.

In alignment with our People First core value, we offer rewarding careers that focus on both personal and professional growth. We are dedicated to helping you and your family thrive, both in the office and at home. To support this, we provide competitive compensation and a leading-edge, human-centric benefits package. Click here to view the details of our benefits.

Additional Information

Candidates applying for roles requiring travel must hold a valid, non-expired driver’s license.

Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.