Senior Associate - Structured Finance

This role is 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, analytics development, 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).

Essential 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.).
• Monitor borrower and investment performance to identify potential risks within the portfolio.
• 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.
• Develop financial models and ad hoc analyses to support asset and portfolio level investment decisions.
• Other duties as needed and assigned.

Skills, Qualifications, Additional Responsibilities

• Minimum of two years related experience in an analytical role, preferably real estate focused.
• Organized and able to manage multiple projects and deadlines at once.
• 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 legal terminology.
• 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.
• Willingness and ability to travel as business needs require.

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
• Strong ability to read and interpret multifamily financial reports (i.e. T-12s, rent rolls, leasing reports, and budgets).

Supervisory Responsibilities:   Not at this time.

Key Attributes for Success

1. 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.
2. Analytical: Collects and researches data; designs workflows and procedures; identifies data relationships and dependencies; synthesizes complex or diverse information; uses intuition and experience to complement data.
3. Customer Service: Displays courtesy and sensitivity; Manages difficult or emotional customer situations; Meets commitments; Responds promptly to customer needs; Solicits customer feedback to improve service.
4. Judgement: Displays willingness to make decisions; Exhibits sound and accurate judgment; Includes appropriate people in decision making process; Makes timely decisions; Supports and explains reasoning for decisions.
5. Business Acumen: Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.
6. Adaptability: Accepts criticism and feedback; Adapts to changes in the work environment; Changes approach or method to best fit the situation.
7. Problem Solving: Develops alternative solutions; Gathers and analyzes information skillfully; Identifies problems in a timely manner; Resolves problems in early stages; Works well in group problem solving situations.
8. Quality: Applies feedback to improve performance; Demonstrates accuracy and thoroughness; Displays commitment to excellence; Looks for ways to improve and promote quality; Monitors own work to ensure quality.
9. Teamwork: Balances team and individual responsibilities; Contributes to building a positive team spirit; Exhibits objectivity and openness to others’ views; Gives and welcomes feedback; Puts success of team above own interests.
10. Cooperation: Displays positive outlook and pleasant manner; Establishes and maintains effective relations; Exhibits tact and consideration; Offers assistance and support to co-workers; Works actively to resolve conflicts; Works cooperatively in group situations.

In addition to the above job-specific competencies, all Forum employees are expected to demonstrate these Forum Core Values:

• DRIVEN
• COLLABORATIVE
• CONVICTION
• HUMBLE

Physical Demands:

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. Travel is required.

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 $100,000 to $115,000. 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.