Analyst, Special Situations Asset Management

Prime Finance • Full-time • Chicago, IL, US • 1w ago

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 Analyst will be responsible for supporting the Asset Management team with all aspects of Prime’s Special Situations investment management process with a primary focus on tracking asset level financial performance, loan covenants, construction progress, administering funding requests, identifying potential issues, and supporting business plan execution.

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 real estate owned assets.

Essential Functions

Monitor property performance and progress towards achieving business plan objectives through review of asset-level financial reports and budgets, preparation of lease abstracts, processing capital disbursement requests, and research of competitive properties
Proactively track covenants and critical milestones to ensure compliance with agreements.
Assist in preparation of quarterly portfolio review materials
Identify and communicate potential asset performance issues to senior personnel and collectively determine successful action plans
Collaborate with deal teams to transition new investments to Asset Management, including on-boarding transactions with 3rd party servicers
Support Asset Management in financial modeling and due diligence for loan workouts, restructuring, and real estate owned (“REO”) properties
Support interactions with Legal, Capital Markets, Accounting, and Compliance as needed
Perform other duties as assigned or requested

Qualifications

One to three years of relevant commercial real estate experience; real estate asset management experience preferred
Bachelor’s degree (BS/BA)
Excellent written and verbal communication skills
Familiarity with multiple property types such as office, multifamily, retail, and lodging
Strong quantitative and technical/computer skills (including proficiency in Microsoft Office and Argus)
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 with limited supervision
Desire to join an entrepreneurial team and grow along with the Special Situations platform
Problem-solving attitude and team player

The expected salary for this role is $87,000 - $135,000. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health / welfare benefits.

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.