AVP, Finance Manager, Private Equity Full Time

Our Financial Operations & Analysis (“FOA”) department is looking to hire an Assistant Vice President, Finance Manager to join their team! Members of the FOA team share a strong drive to provide timely, accurate, and critical financial data analysis for the firm. In this role, you will have cross-functional visibility and the opportunity to work alongside internal groups such as Portfolio & Asset Management (“P&AM”), and external service providers such as public accountants, third-party fund administrator, and appraisal management firm. Our team works in a hybrid environment, with 3-days spent working in Heitman’s Chicago office each week.

The Finance Manager will lead a team in delivering accounting, finance, valuation, and P&AM support within the Heitman organization. The ideal candidate will be a self-starter with strong problem solving, analytical and communication skills while working in a highly collaborative environment and possess strong people management skills including coaching and mentoring. They will also demonstrate strong organizational skills and adeptness at multitasking, coupled with a proven track record of successfully leading and developing professional staff.

Responsibilities include, but are not limited to:

• Lead and manage key aspects of a subset of a fund’s real estate portfolio including, but not limited to, valuations, net income, net cash flow, distributions, IRRs, and time-weighted returns as they flow into the fund’s net asset value.
• Review and manage the preparation of quarterly and annual financial reports and supporting accounting workpapers from our third-party fund administrator.
• Manage one-to-two direct reports including coaching, training, mentoring, and assigning responsibilities.
• Review monthly and quarterly accounting at the property-level to ensure completeness and accuracy and troubleshoot and coordinate efforts to resolve any issues.
• Review third-party fund administrator accounting of transactions such as acquisitions, dispositions, and loan activity.
• Review internal and external valuations in Argus using discounted cash flows and identify and communicate changes in valuations.
• Help coordinate the preparation and review of debt valuations with third-party debt valuation team and Heitman capital markets.
• Communicate issues and/or financial results to broader internal team, including Fund Controller, P&AM, and third-party fund administrator.
• Analyze and forecast IRR’s and time-weighted returns and provide analytical observations and projections to Portfolio & Asset Management.
• Participate in ad hoc projects, including due diligence review of real estate acquisitions and dispositions, leasehold analysis, and consultant/client questionnaires or other projects to assist Portfolio Management in improving investor value and client service.
• Assist P&AM in implementing fund/account-level and investment specific strategies.
• Ensure fund/account compliance with IM agreement(s), and JV agreement(s).
• Participate in industry learning opportunities in and outside of Heitman.
• Monitor and build fund/account efficiencies and ensure implementation of improvements, including the development of tech-enabled tools.
• Demonstrate an in-depth understanding of investments within assigned fund/account including waterfall joint-venture structures.

Qualifications:

• Minimum of 7 years of real estate accounting and finance experience with financial reporting exposure
• Bachelor’s degree in real estate, accounting, or finance
• CPA designation is desirable
• Proficiency in Microsoft Office package including Excel, Word, and PowerPoint
• Excellent communication and organization skills
• Ability to abstract key information from real estate leases and partnership agreements
• Ability to prioritize tasks, work on multiple assignments, and manage requests from multiple business partners with multiple competing deadlines
• Ability to work efficiently in a fast-paced and dynamic team environment
• Supervisory experience directly or indirectly
• Experience in valuation and/or Argus modeling is a plus

Source: Heitman Career Page

Tagged as: REPE Firm