Associate, Private Debt, Portfolio & Asset Management

Heitman; Chicago (IL); On-site; USD 75,000 - 90,000; Full time

Job summary

Heitman’s Chicago office seeks an Associate Portfolio & Asset Management in Private Real Estate Debt to support the management and oversight of a portfolio of commercial real estate debt investments, including senior mortgages, mezzanine loans, and preferred equity.

You will work closely with Portfolio Managers and senior investment professionals to monitor risk, prepare investor reporting, and support portfolio analytics.

Qualifications

• 1–3 years of real estate experience (including valuation experience).
• Bachelor’s degree in business, finance or real estate.
• Excellent communication and organization skills.
• Deadline driven.
• Ability to work efficiently in a fast-paced team environment.
• Proficiency in Argus, Word, Excel and Power Point.

Responsibilities

• Oversee a portfolio of real estate debt investments across senior, mezzanine and preferred equity strategies.
• Assist in the preparation and monitoring of annual business plans for debt investments.
• Ensure compliance with client investment management agreements.
• Assist in preparation of management and investor reporting.
• Conduct analyses across the overall portfolio.
• Assist in investor relations activities including meetings and due diligence.
• Review property appraisals and prepare internal valuations.
• Assess performance of properties and collateral, including on-site reviews.
• Manage loan monitoring with focus on early warning and risk rating.
• Prepare portfolio reports for senior management review.
• Present portfolio reviews to Investment Committee and investors.
• Participate in troubled situations/workouts.
• Special projects as needed.

Skills

Real estate experience

Communication

Deadline driven

Team oriented

Education

Bachelor's degree in business/finance/real estate

Tools

Argus

Word

Excel

PowerPoint

Job description

This Opportunity

Our Chicago office is seeking an Associate Portfolio & Asset Management in the Private Real Estate Debt group. This role will support the management and oversight of a portfolio of commercial real estate debt investments, including senior mortgages, mezzanine loans, and preferred equity. Working closely with Portfolio Managers and senior investment professionals, this role is responsible for portfolio and asset surveillance, valuation analysis, risk monitoring, investor reporting, and portfolio analytics. The position offers broad exposure to institutional real estate debt investing across multiple property types and markets, providing opportunities to develop expertise in investment management, asset management, and investor communications. We are looking for a self-starter, who is highly collaborative, analytical and has a strong interest in Real Estate.

Responsibilities include, but are not limited to:

• Work with Portfolio Manager(s) to oversee a portfolio of real estate debt investments across senior, mezzanine and preferred equity strategies.
• Assist in preparation and monitoring of annual business plans for debt investments under management by multiple investor clients.
• Ensure compliance with client investment management agreements.
• Assist in preparation of management and investor reporting.
• Conduct various analyses across overall portfolio.
• Assist in marketing/investor meetings, consultant meetings and due diligence process, on-going investor relations.
• Review property appraisals and prepare internal valuations.
• Assess the current and projected performance of properties/collateral, including periodic on-site asset reviews.
• Manage loan monitoring process with focus on early warning and proper risk rating.
• Prepare portfolio reports and documents for review by senior management.
• Present portfolio review to Investment Committee quarterly and to investors as required.
• Participate in troubled situations/work-out if necessary.
• Special projects as needed.

Qualifications:

• 1-3 years of real estate experience (including valuation experience).
• Bachelor’s degree in business, finance or real estate.
• Excellent communication and organization skills.
• Deadline driven.
• Ability to work efficiently in a fast-paced team environment.
• Proficiency in Argus, Word, Excel and Power Point.

Job Location and Travel

• This position is based in our Chicago office.
• Our teams work in a hybrid environment and in-office days vary by team.
• Moderate travel required.

The Firm

Founded in 1966, Heitman is a global real estate investment management firm. Our mission is to lead the evolution of real estate through investments that fulfill the needs of people and communities in a world of constant change. To learn more about our organization and culture, click here.

Total Rewards (Compensation, Benefits & Perks):

At Heitman, we believe that our success is driven by the success of our team members. That's why we use market data to ensure competitive compensation for every role, reflecting our commitment to investing in our team. When we grow, you grow!

The expected annual base salary range for this role is $75,000-$90,000 and will be further discussed during the interview process. This range represents what Heitman reasonably and in good faith believe s we would pay a qualified candidate for this role at the time of posting (based on a full-time equivalent schedule). Your actual base salary placement will depend on factors such as (but not limited to): your relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition, all of our team members are bonus eligible and participate in a generous annual bonus plan, with the percentage varying based on your role and level, ensuring that your contributions are recognized and rewarded.

In alignment with our P eople F rirst core value, we offer rewarding careers that focus on both personal and professional growth. We are dedicated to helping you and your family thrive, both in the office and at home. To support this, we provide competitive compensation and a leading-edge, human-centric benefits package. Click here to view the details of our benefits.

Additional Information

Candidates applying for roles requiring travel must hold a valid, non-expired driver’s license.

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Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.