Associate - Almanac Realty Investors
Neuberger Berman
**About Almanac Realty Investors** :
Almanac Realty Investors, a business unit of Neuberger Berman, is a leading provider of growth capital to public and private real estate companies. Originally founded in 1981 under the name Rothschild Realty, Almanac partners with established owner-operators in all sectors of the real estate market to accelerate company growth. Through its history, Almanac has committed $8.6 billion of capital to 57 real estate companies, both public and private, throughout North America. Almanac is currently investing its ninth “flagship” fund, and also manages vehicles pursuing other private and public market strategies.
**Summary** :
Almanac is seeking Associate candidates for its investment team. The Associate will assist with all aspects of the implementation and management of Almanac’s investment strategy.
Almanac deal teams retain responsibility for each portfolio company throughout the life of the investment. This approach will allow the Associate to gain exposure to all aspects of the deal life cycle, from structuring and executing new transactions to eventual redemption of Almanac’s securities.
Almanac’s differentiated strategy of making platform-level investments in real estate companies will require the Associate to assess valuations, business plans, and transaction rationale at the property level as well as build financial models to illustrate various corporate finance structures.
This position provides an opportunity to work with a leading real estate private equity platform with constant interaction with senior members of the team.
**Responsibilities** :
+ Perform in-depth analyses on real estate assets, management companies, sectors, and securities in both the public and private markets with an eye to evaluating investment decisions
+ Build 3-statement financial models that aggregate real estate portfolio cash flows into a corporate model according to varying corporate finance structures
+ Participate in meetings with the investment committee, boards of directors of portfolio companies, fund investors, and other senior executives
+ Prepare internal and external memoranda
+ Conduct due diligence on new investments
+ Manage relationships with contacts at portfolio companies
+ Support fund marketing, client requests, or fund modeling analyses
**Qualifications** :
+ Candidates with 2-4 years of work experience from a top-tier investment bank in a related field or buy-side investment firm focused on real estate
+ Excellent quantitative abilities and understanding of corporate finance, accounting, real estate underwriting, financial modeling, and valuation
+ Outstanding fundamental analytical skills including LBO/M&A financial modeling proficiency
+ Strong judgment, critical thinking, and writing skills; ability to articulate and present ideas effectively both orally and in written form
+ Ability to show initiative and creativity in approach to problem solving; demonstrated experience conducting research and interacting with others to develop solutions
+ Analytical and detail-oriented individual with a great work ethic, deep intellectual curiosity, affable and humble personality
Compensation Details
The salary range for this role is $125,000-$150,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
**Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.**
_Neuberger Berman is an equal_ _opportunity/affirmative_ _action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact_ _onlineaccommodations@nb.com_ _._
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Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $481 billion in client assets (as of June 30, 2024) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 750-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by _Pensions & Investments_ as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.
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