Associate, Asset Management

Brookfield Asset Management, Inc.; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

A leading global alternative asset manager seeks an Associate in Asset Management to support the oversight of portfolio companies, contributing to strategy and financial performance management. This role requires a detail-oriented candidate with experience in investing or consulting, as it involves multiple concurrent projects and cross-functional teamwork.

Qualifications

• 2-4 years of experience in Principal Investing, Investment Banking, or Management Consulting.
• Proficient in financial modeling and analysis.
• Strong attention to detail and ability to meet deadlines.

Responsibilities

• Support the oversight of portfolio companies to maximize performance.
• Work with the Investment team on operational due diligence.
• Manage onboarding of new investments and develop business plans.

Skills

Financial acumen

Problem-solving

Analytical skills

Interpersonal skills

Communication skills

Education

Bachelor's degree in Finance, Business or related field

Tools

Microsoft Excel

Financial modeling software

Job description

Brookfield Place New York - 250 Vesey Street, 15th Floor

Business - Renewable Power & Transition

Brookfield Renewable operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed generation and storage facilities in North America, South America, Europe and Asia. Our operating capacity totals over 35,000 megawatts and our development pipeline stands at approximately 200,000 megawatts. Our portfolio of sustainable solutions assets includes our investments in Westinghouse (a leading global nuclear services business) and a utility and independent power producer with operations in the Caribbean and Latin America, as well as both operating assets and a development pipeline of carbon capture and storage capacity, agricultural renewable natural gas and materials recycling.

Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager with over $1 trillion of assets under management.

To learn more about the Brookfield Renewable & Transition group, visit https : / / www.brookfield.com / our-businesses / renewable-power-transition.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader : Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Reporting to the VP / SVP, Asset Management, the Associate, Asset Management is an active member of the Asset Management team, addressing issues, facilitating processes and managing specific objectives in support of Asset Management leaders who are providing oversight to a Portfolio Company or Companies.

This role represents an opportunity to play a key role in a growing Asset Management team with a focus on analysis, problem-solving and project management, providing immersive experience within key areas of management, including and not limited to defining and executing strategy, financial management, people management and general management practices.

Critical to the success of this role is the ability to see an organization holistically while managing multiple, concurrent projects, and working collaboratively across the Asset Management team.

Major Responsibilities :

1. Support the active oversight to portfolio companies of the Asset Management Team, ensuring that operating and financial performance is maximized, and targeted investment returns are achieved. Work with Asset Management leaders to collect information, analyze, and prepare materials in support of :

• Development of and / or adjustment of business strategy for each portfolio company
• Annual business planning processes
• Annual financial plans including capital expenditures and financial forecasts
• Key strategic business areas including Commercial, Operations & Maintenance, Development, Production / Manufacturing Operations, Services Delivery, Management Operating Systems (MOS), Sales & Operations Planning (SOP), Supply Chain / Procurement, IT and Human Resources
• Reviewing performance improvement initiatives and programs as appropriate
• Quarterly internal update reports to Brookfield management regarding each business, comparing actual results against annual and long-term business plans
• Work with Asset Management leaders to collect information, analyze and prepare materials in support of the development and execution of exit strategies for each portfolio company either in the capital markets or through merger or sale transactions with strategic industry companies to realize optimum returns

2. Work with the Investment team to be a key contributor to the operational due diligence for specific Brookfield's Renewable & Transition's initiatives :

• Provide input to the Asset Management lead regarding the due diligence workplan
• Participate in operational reviews including site visits; validate operating cost and capital expenditure assumptions; and, identify value creation opportunities
• Support assessment of the management team, operations and commercial strategy to aid in the development of the investment team's underwriting
• Develop business plans with the investment team, with a particular focus on how value will be created from controllable factors
• Prepare materials in support of the Investment Committee Presentation
• Contribute to the development of detailed onboarding work plans with input from the investment and corporate teams

3. Onboard New Investments :

• Manage projects to established standards and a cadence for communications and reporting
• Support the implementation of compliance policies and programs using Brookfield standard model
• Support the finalization of human resource issues including organizational design and compensation matters
• Develop and execute on "100 day plan" to firm of business plans and value creation activities post-acquisition

Ideal Profile :

A professional, positive attitude and capable of contributing to a dynamic and team-oriented culture, the individual is financially astute, detail-oriented and demonstrates good business judgment. Self-motivated with a proven ability to perform in complex situations, cope with multiple and changing priorities and meet deadlines. Direct and insightful in approach, s / he possesses the interpersonal skills to quickly gain the respect and support from Asset Management team and the portfolio company personnel with which they will interact on a daily basis.

• Self-motivated with a proven ability to perform in a fast-paced environment, cope with changing priorities and meet deadlines
• Excellent interpersonal and communications skills (oral and written), and able to interact across all levels of the organization
• 2-4 years of experience in Principal Investing, Management Consulting, Investment Banking, or other relevant areas - experience in renewable power M&A and capital markets is a plus, but not a requirement
• High level of proficiency in Excel and outstanding financial modeling skills in support of underwriting investments of both platform acquisitions, bolt-ons, and growth initiatives / development projects
• Keen interest in investing and business management
• Strong analytical skills and creative problem-solving ability
• Ability to proactively research investment opportunities;
• Ability to multi-task and work in a very fast-paced and team-oriented environment;
• Strong written and verbal communication skills;
• Strong attention to detail
• Experience with and understanding of corporate capital structures

Cultural Fit :

To be successful within the Brookfield organization, the individual must be committed to collaboration and teamwork. S / he shows personal initiative and strong work ethic at every turn and would be described by others as humble and low ego. This individual puts the needs of the organization, its people and its investors ahead of his / her own and is driven by the opportunity to work with others to create long-term value. Consequently, s / he embraces a long-term oriented compensation model.

A Brookfield Leader is defined as follows :

• A team player willing to share credit with others
• Demonstrates curiosity and is passionate about business
• A student of the business
• Understands how to make money and protect capital for Brookfield and its investors
• A contrarian thinker
• Demonstrates a commitment to our shared success above any personal accomplishment or recognition
• Dedicated to helping the broader organization succeed
• Keeps current on financial market activities and constantly thinks about creating value
• Handles stress and maintains balance, doesn't overreact
• Presents views clearly and concisely - makes the complicated simple
• Has a strong presence and speaks intelligently when interacting with others, both in and out of the workplace
• Motivates others to think, persevere and execute on ideas that are out of their comfort zone
• Focused on developing others, giving feedback and when required, having difficult conversations
• Creates a positive work environment and is someone with whom others enjoy working
• Possesses good judgment and common sense
• Recognizes fair dealing and the importance of reputation

Salary Range : $150,000 - $200,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Brookfield Asset Management is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

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