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SalaryFLSA Classification: Non-exempt
Posting Duration: This posting will be up through March 2024 unless it is extended to find the right candidate.
Position Summary:
Responsible for assisting the Portfolio & Asset Management arm of the Structured Finance platform in managing existing investments across several discretionary funds and separate accounts. The role will primarily be focused on asset and portfolio-level reporting, managing closings of new investments, and facilitating the construction draw processes of real estate investments, which primarily include mezzanine loans, preferred equity, senior loans, bridge loans, and joint venture equity backed by multi-family assets (or construction projects).
Key Responsibilities:
- Work with the senior members of the Structured Finance platform, loan administration team, and other key departments at Forum to manage an institutional quarterly and annual reporting process for a rapidly growing portfolio of investments across the US.
- Conduct regular underwriting updates as necessitated by changing market conditions (e.g. varying interest rate environment, rent and expense growth or softening, expansion or contracting of capitalization rates, etc.).
- Identify, monitor, and evaluate local and regional market and asset class trends, and general economic conditions as they relate to the various investment strategies that Forum is managing, utilizing third-party reporting resources such as CoStar Analytics, Yardi Matrix, and Axios.
- Assist in reviewing monthly construction draw funding requests and liaise with the borrowers and property construction consultants to ensure projects are progressing on time and on budget.
- Assist as needed in the closing process of investments by managing and reviewing due diligence materials, including (but not limited to) third-party reports, guarantor financials, development plans, title and zoning, and Sponsor track record.
- Support a team of real estate private equity investment professionals responsible for the origination, underwriting, closing, and managing of investments on behalf of institutional funds and separate accounts.
- Other duties as needed and assigned.
Supervisory Responsibilities: None.
Skills & Qualifications:
- 2 -5 years of related experience in an analytical role, preferably real estate focused.
- A demonstrable enthusiasm and commitment to the real estate industry.
- Must have strong verbal and written skills, and a demonstrable ability to construct compelling theses through meticulous research skills.
- A keen attention to detail with a thorough understanding of financial applications and legalese.
- An ambitious and positive attitude - flexible work hours are sometimes required.
- A willingness to attend industry conferences and be involved in industry organizations with aspirations of growing into a senior leadership position.
- Must be self-motivated, resourceful, and able to assume a high level of individual responsibility.
- Travel may be required as needed.
Education & Technical Skills:
- Bachelor’s degree in business, finance, real estate, economics, or accounting; or equivalent career experience
- Strong financial, analytical, and modeling skills – high proficiency in MS Excel a must
Key Job Competencies:
To perform this job successfully, the individual should demonstrate the following competencies:
- Analytical Skills: Collects and researches data; designs workflows and procedures; identifies data relationships and dependencies; synthesizes complex or diverse information; and uses intuition and experience to complement data.
- Quality: Demonstrates accuracy and thoroughness; looks for ways to improve quality; applies feedback to improve performance; monitors own work to ensure quality.
- Judgement: Displays willingness to make decisions; exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in the decision-making process; makes timely decisions.
- Planning & Organization: Integrates changes smoothly; plans for additional resources; prioritizes and plans work activities; sets goals and objectives; uses time efficiently; and works in an organized manner.
- Achievement Focus: Demonstrates persistence and overcomes obstacles; measures self against standard of excellence; recognizes and acts on opportunities; sets and achieves challenging goals; takes calculated risks to accomplish goals.
- Dependability: Commits to doing the best job possible; follows instructions, responds to management direction; keeps commitments; meets attendance and punctuality guidelines; responds to requests for service and assistance; and takes responsibility for own actions.
- Business Acumen: Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.
Forum Core Competencies:
- Adaptability: Accepts criticism and feedback; accustomed to a culture of rapid and constant change and easily adjusts to changing priorities and conditions; manages competing demands.
- Innovation: Develops innovative approaches and ideas; displays original thinking and creativity; generates suggestions for improving work; meets challenges with resourcefulness.
- Collaboration: Recognizes and cultivates strong interpersonal relationships and cross-functional collaborations; generates value and uses motivation to influence and create change; seeks not to control but to inspire; facilitates dissemination and sharing of knowledge and information.
- Accountable: Keeps and follows-through on commitments; readily takes ownership of achieving results by exhibiting responsibility and initiative; displays open, proactive communication that builds trust.
- Initiative: Asks for help when needed; looks for and takes advantage of opportunities; seeks increased responsibilities; takes independent actions and calculated risks; undertakes self-development activities; volunteers readily.
- Respectful: Displays integrity and honesty; maintains professional demeanor and composure in tense situations; exhibits fairs and generous behavior; readily owns up to mistakes and admits when wrong; strives to “get it right;” displays loyalty even when tough to do so.
Forum Values:
Blaze the Future (Entrepreneurial): Take initiative. Push what’s possible. Own your path but stay nimble. Embrace change, take risks, and always challenge the status quo.
Make it Better Together(Collaborative): Go all in. Get Messy. Welcome new ideas and share yours freely. Be a sponge. Bump heads. Talk it out. Listen. Learn. Repeat.
Stay Open (Vulnerable): Have the courage to make yourself vulnerable. Communicate honestly and respectfully. Share mistakes and trust one another.
Dare to be Clear (Clarity): Certainty is impossible, but clarity is essential. Eliminate the noise and focus your strategy to achieve something better, something great.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; stoop, kneel, crouch, or crawl and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
Compensation Information: Base salary range is $70,000 to $123,600. This range is estimated for this role; actual pay may be different.
Benefits for full-time employees include medical, dental, vision, life insurance, long-term and short-term disability insurance, employee assistance program, Health Savings Accounts, Flexible Spending Accounts, 401(k) with company match program, 12 paid company holidays, self-managed PTO, anniversary milestone program/awards, gift matching program.
