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Job Description
Job Description Summary:
The general role of the Senior Associate is to support Acquisition Officers to underwrite and evaluate new transactions entering Invesco Real Estates pipeline and manage the process throughout the various stages of the acquisition process.
This role will specifically focus on equity - and selectively preferred equity or mezzanine debt investments in core through opportunistic strategies in specialty sectors including single-family rentals (SFR), build-to-rent (BTR), manufactured housing (MH), medical office buildings (MOB), and self-storage.
Key Responsibilities / Duties:
- Financial and valuation analysis of potential investments including acquisitions, developments, recapitalizations, etc.
- Lead the creation of thorough and concise investment packages that are presented to the Invesco Investment Committee (IC), performing and providing all support for assumptions utilized during the process.
- Effectively identify and articulate the major risks associated with an investment opportunity in both verbal and written format, including presenting portions of the investment opportunity in IC and in other settings to senior executives and decision makers.
- Perform and provide expertise on all aspects of the financial modeling, focusing on unleveraged, leveraged, and structured analysis of institutional real estate. Excel modeling expertise is a significant advantage.
- Manage the overall investment process by conducting due diligence and research market conditions including physical assessment, location assessment, rent comparables, sales comparables and replacement costs while working with internal and external teams.
- Partner with and help manage existing and future operator portfolio companies within the Invesco Real Estate ecosystem.
Work Experience / Knowledge:
- Minimum of 4 years of experience in the underwriting of residential equity investments in commercial real estate.
- Must be a power user of and Excel, with skill level verified through an externally administered exam a significant advantage; experience in modelling JV waterfall structures and analyzing data through pivot tables, Argus experience a plus.
- Experience or familiarity with investing across the capital stack a plus (i.e., equity, preferred equity, mezzanine debt, senior debt).
- Experience in single-family rentals (SFR), build-to-rent (BTR), manufactured housing (MH) medical office buildings (MOB) or self-storage a plus.
- PSA and joint venture negotiation experience a plus.
Skills / Other Personal Attributes Required:
- Must have excellent writing skills, demonstrated via submitted samples.
- Must have strong quantitative analysis skills.
- Must have strong organizational and verbal communication skills.
Formal Education:
- Undergraduate degree is required, advanced degree or applicable experience a plus.
Working Conditions:
- Normal office environment with little exposure to noise, dust, and temperatures.
- The ability to lift, carry or otherwise move objects of up to 10 pounds is also necessary.
- Hours may include evenings or weekends.
- Occasional travel may be required.
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What’s in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
- Flexible paid time off
- Hybrid work schedule
- 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
- Health & wellbeing benefits
- Parental Leave benefits
- Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.
