Credit Associate - New York

Harrison Street; New York (NY); On-site; USD 150,000 - 170,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Job summary

Harrison Street is seeking an Associate for its Real Estate Credit Strategies team in New York. You will evaluate, underwrite, and execute credit investments across multifamily, student housing, senior housing, office, industrial, retail and hospitality sectors.

The ideal candidate has 2–3 years of real estate or investment banking experience, strong financial modeling in Excel (Argus preferred), and a detail-oriented, collaborative approach to closing complex transactions.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Economics, or related field with a strong academic record.
• 2–3 years of experience in real estate or investment banking with underwriting and execution exposure.
• Advanced financial modeling and analytical skills, including Excel; Argus preferred.
• Understanding of commercial real estate fundamentals, capital structures, and loan documents.

Responsibilities

• Support origination and execution of new credit investments (senior loans, mezzanine loans, securities, and preferred equity).
• Develop and maintain detailed financial cash flow models and sensitivity analyses.
• Conduct market, sponsor, and asset-level due diligence; coordinate calls with brokers and participants.
• Prepare and present in pipeline meetings and investment committees with key underwriting details.

Skills

Advanced financial modeling

Excel proficiency

Argus experience

Communication skills

Attention to detail

Education

Bachelor’s degree in Finance, Real Estate, Economics, or related field

Tools

Excel

Argus

Job description

Harrison Street Asset Management ("HSAM") is a leading global alternative investment management firm focused on real estate, infrastructure, and credit strategies across North America and Europe. Headquartered in Chicago, Toronto, and London with offices across North America, Europe, Asia and the Middle East, the firm has over $108 billion in assets under management on behalf of institutional investors and registered investment advisors globally.

Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid-market infrastructure. Today, the firm’s global team, consisting of more than 520 professionals, is committed to creating long-term value through deep sector expertise and forward-thinking strategies.

Harrison Street Asset Management ("HSAM") is seeking an Associate to join the Real Estate Credit Strategies team in our New York office. The Associate will play a key role in the evaluation, underwriting, and execution of new credit opportunities across HSAM’s target sectors, including multifamily, student housing, senior housing, office, industrial, retail and hospitality. The position will primarily support West Coast originations and provide
analytical, executional, and strategic support across the investment cycle.

This position offers career development and an opportunity to contribute to the overall success of HSAM’s Real Estate Credit Strategies team in a collaborative environment. The ideal candidate will be motivated, detail-oriented, and demonstrate a combination of applicable work experience and a passion for real estate investing.

Responsibilities:

• Support the origination and execution of new credit investments, including senior loans, mezzanine loans, public securities, and preferred equity positions.
• Develop and maintain detailed financial cash flow models and sensitivity analyses to evaluate potential investments, including valuation, return performance, risk, and debt structuring.
• Conduct market, sponsor, and asset-level due diligence, including property inspections, third-party report reviews, and calls with brokers and market participants.
• Prepare and present in pipeline meetings, deal screening sessions and investment committees, summarizing key underwriting assumptions, loan structure, market, risks and mitigants.
• Coordinate with internal and external stakeholders, including legal counsel, lenders, and sponsors, to drive transaction execution from origination through closing.
• Support ongoing portfolio monitoring and asset management, including performance tracking and any valuation updates as needed.
• Conduct in-depth sector and market research to support origination initiatives and to identify emerging trends and investment opportunities.

Requirements:

• Bachelor’s degree in Finance, Real Estate, Economics, or related field with a strong academic record.
• 2–3 years of experience in real estate or investment banking, with direct exposure to underwriting and transaction execution.
• Advanced financial modeling and analytical skills, including proficiency in Excel; experience with Argus strongly preferred.
• Understanding of commercial real estate fundamentals, capital structures, and loan documentation.
• Highly organized with excellent attention to detail, capable of managing multiple deals and deadlines in a fast-paced environment.
• Strong written and verbal communication skills, with ability to synthesize complex analyses into concise recommendations.
• Self-motivated, collaborative, and intellectually curious, with a demonstrated interest in real estate investing.

$150,000 - $170,000 a year

For New York Only: The expected base salary range for this position is $150,000 - $170,000. Actual salaries may vary based on a number of factors, including skills, experience, and qualifications.

In addition to base salary, total compensation at Harrison Street includes a generous discretionary bonus, along with a comprehensive range of benefits — including medical, financial, and wellness programs — designed to support our employees both professionally and personally.

Harrison Street is proud to be an equal opportunity employer committed to diversity, equity and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status, uniform service member status, race, color, religion, sex, national origin, age, physical or mental disability, genetic information or any other protected class under federal, state, or local law.

If you require accessibility assistance applying for open positions, please contact our ADA Accessible Line at [phone] [e-mail]. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

Harrison Street does not accept unsolicited headhunter and agency resumes. Harrison Street will not pay fees to any third-party agency or company that does not have a signed agreement with Harrison Street.