At a Glance
- Tasks: Build and maintain financial models, analyse budgets, and manage relationships with partners.
- Company: Join a leading global alternative investment management firm focused on real estate and infrastructure.
- Benefits: Competitive salary, professional development, and opportunities for growth in a dynamic environment.
- Why this job: Make an impact in the real estate sector while working with a talented global team.
- Qualifications: Degree in a relevant subject and 3+ years of experience in real estate or finance.
- Other info: Collaborative culture with opportunities to mentor and lead junior staff.
The predicted salary is between 36000 - 60000 £ per year.
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
- 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
Asset Management Fixed Term Associate/Sr. Associate - UK employer: Harrison Street
Contact Detail:
Harrison Street Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Asset Management Fixed Term Associate/Sr. Associate - UK
✨Tip Number 1
Network like a pro! Reach out to professionals in the asset management field on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by researching HSAM and its investment strategies. Show us you know your stuff and can talk about how your skills fit into our innovative culture.
✨Tip Number 3
Practice your Excel skills! Since modelling is key for this role, brush up on your financial modelling techniques. We love candidates who can hit the ground running.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you're serious about joining our team at HSAM.
We think you need these skills to ace Asset Management Fixed Term Associate/Sr. Associate - UK
Some tips for your application 🫡
Show Off Your Excel Skills: Since high Excel proficiency is essential for this role, make sure to highlight your modelling experience in your application. Share specific examples of cash flow models you've built or any complex analyses you've conducted.
Tailor Your Application: We want to see how your experience aligns with our needs. Don’t just send a generic CV; tailor it to showcase your relevant skills and experiences in real estate and asset management. Make it clear why you’re the perfect fit for HSAM!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read through your qualifications and experiences. We appreciate a well-structured application!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, it shows you’re proactive and genuinely interested in joining our team!
How to prepare for a job interview at Harrison Street
✨Master Your Excel Skills
Since high Excel proficiency is essential for this role, make sure you brush up on your modelling skills before the interview. Practice building cash flow models and running analyses like ICR and DSCR. Being able to demonstrate your Excel expertise will show that you're ready to hit the ground running.
✨Know Your Numbers
Familiarise yourself with key financial metrics relevant to asset management, such as cap rates, liquidity needs, and valuation techniques. Be prepared to discuss how you've used these metrics in past roles, as this will highlight your analytical skills and understanding of the industry.
✨Showcase Your Team Spirit
This position requires a strong team player mentality. Think of examples from your previous experiences where you successfully collaborated with others or mentored junior staff. Highlighting your ability to develop and maintain relationships will resonate well with the interviewers.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving abilities and decision-making skills. Prepare by thinking through potential challenges you might encounter in asset management and how you would approach them. This will demonstrate your proactive work approach and entrepreneurial mentality.