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Real Estate Capital Markets Associate

  • Compensation: 85,000 - 110,000 yearly Plus Bonus
  • Location: New York, New York
  • Type: Perm
  • Job #18433

A Global Alternative Investment firm is currently seeking a talented Associate in the Real Estate Finance / Accounting Group within the NYC office. The candidate should have strong problem-solving skills, and ability to wear many job hats at the same time.  The candidate for the position should have 2 to 4 years of experience in real estate operations, treasury, and capital markets functions.  This person must be highly organized, detail-oriented, and very responsive to a fast-paced investment environment.  A strong communicator is required given the exposure to senior members of the Investments along with Asset Management, Finance, Accounting, Marketing teams, along with firm's Banking network.

The position will assist with Capital Markets and Treasury functions for the Real Estate, Net Lease and Private Equity Entities.  The projects worked on will help solidify liquidity, third party investment financing, investment acquisitions / dispositions, assessing risk on a multi-billion-dollar fx book supporting foreign investments (over 2,000 active trades), supporting senior member initiatives & decision making, as well as exposure to many other facets of Real Estate Capital Markets.  

Responsibilities will include but are not limited to the following:
Operations Functions 
•    Liquidity & credit facility management for all Real Estate Funds

o    Direct collaboration with the global deal & asset management teams on investment / pipeline status to ensure the appropriate amount of liquidity is available to cover a robust pipeline.  
o    Provide ongoing updates to senior members Real Estate Fund status, which will assist MD’s and PM’s in Real Estate Fund decision making. 
o    Monitoring all credit facility paydowns / borrowings daily based on the expected sources / uses of each fund.
o    Provide support for credit facility renewals and amendments that occur throughout the year.
 

•    Provide transaction support for the deal teams in the US and globally in the following areas:

o    Working directly with tax and legal advisors on the set up and diligence for investment structures
o    Assisting the global teams with Investment financing discussions / negotiations / KYC / guarantor items / due diligence matters for the structure, which span discussions with  all major banking relationships 
o    Coordinate closing (acquisition and disposition) related items for all deals (wires, borrowings, approvals, fx, cashflows, documentation, etc.).
•    Credit Facility & Investment Guarantor compliance – Prepare quarterly fund & investment guarantor level compliance reporting items with direct communication to the some of the largest banking relationships.

•    New Fund Support & SMA’s – Part of the team to help finalize the set up and on boarding new SMA’s for some of the largest institutional investors.  This includes but not limited the following:

o    Allocation support, ISDA’s set up for new fx related matters, Credit facility set up, and Financing due diligence 
•    Support in the preparation of Fund level capital calls and distributions, including direct communication to PM’s.

•    Foreign Exchange & Hedging – Exposure to global fx / rates desks and banking relationships in order to support key decision making on international investments  

o    Trade foreign currency on a daily basis to ensure all investment positions are appropriately covered.   
o    Evaluation of investment level positions levels are in line with firm's foreign exchange policy, inclusive of providing trade proposals to senior members.  
o    Monitor and Manage Margin / Collateral positions for trades across the largest Foreign Exchange Counterparties. 
o    Support for ad-hoc requests to global deal teams and investors
o    Maintain FX Counterparty Relationships / Implement new ISDA’s and Guaranty Docs

•    Investment level allocations – Monitor allocation procedures with complex Real Estate Funds with senior members of the team.  
•    Work directly with Senior team members, advisers, and consultants to provide ongoing support for multi-billion-dollar insurance program.  
•    Provide additional support and analysis in the following areas:

o    Investor requests, insurance, capital activity related matters, database updates, regulatory reporting, real estate investment expense tracking

Treasury Functions: 
•    Initiate and Manage RE/PE and Net Lease Payments banking system 

o    Requesting wire instructions from Third Parties / comply with AG's cash policy
o    Setting up Templates / Credit instructions / Load in new Debit Accounts
o    Coordinate Quarterly AP Batches for International Platforms 

•    Maintain key banking relationships with various Global Banks

o    Liaise with Bank Representatives daily regarding any KYC or payment issues/requirements
o    Open and close all new bank accounts (approximately 1000 current accounts), including US, Dutch, UK, France, and Mexico entities – keeping updated templates and procedures (maintain bank opening and active entity spreadsheets).

•    Manage Tax payables via ACH or Check for all non-fund entities.

o    Notify Property team and ensure there is sufficient funding
o    Process AD Hoc check requests for SandsPoint and Property team

•    Provide balance report updates to the global Real Estate group several times per week 
•    Direct communication with firm's vast Operating Partner network on investment accounts openings, KYC matters, and asset management.    

Job Skills & Qualifications:
•    Bachelor’s degree in accounting, finance, or business
•    2 to 4 years of real estate accounting and/or financial experience
•    Desire to learn and grow in the role
•    Strong motivation to create technology efficiencies
•    Excellent organizational and written communication skills
 

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