Associate, Transactions

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Job Description

Job Purpose (Job Summary): The primary role of the Associate is to support Invesco Real Estate’s Credit Investments team by underwriting and analyzing new and existing real estate credit investments, including first mortgage, mezzanine loans, preferred equity, construction loans, and acquisition of legacy loans, while also preparing investment committee memorandums, conducting property and borrower due diligence, and assisting with the closing process.

Key Responsibilities / Duties:

• Underwrite new real estate credit investment opportunities. Generate model assumptions, evaluate historical data, and conduct market research. Perform all aspects of financing modeling, including proforma cash flows, valuations, credit metrics, and returns.

• Generate concise investment overviews for the Credit Investments team explaining the opportunity. Identify and communicate the strengths, considerations (risks), and mitigants of a real estate credit investment opportunity verbally and in written form.

• Collaborate within the broader Invesco Real Estate platform. Work with the equity teams (Acquisitions, Investment Management, Dispositions, Capital Markets) and credit teams (Portfolio Management, Capital Markets, Asset Management, Closing, Fund Operations) to formulate applicable assumptions, identify asset and market trends and potential risks for potential real estate credit investments.

• Produce comprehensive investment committee memorandums that are presented to Invesco Real Estate’s investment committees. Articulate noteworthy investment highlights, assumptions applied, and due diligence items. Clearly and concisely answer underwriting questions from investment committee.

• Provide transactional support to the Closing Services team on closing new real estate credit investments. Spearhead property and borrower due diligence and review 3rd party reports.

• Track and re-underwrite existing debt investments as needed. Work with Asset Management on high-profile borrower requests and potential modifications.

• Travel to various domestic markets/locations 10% of time.

Work Experience / Knowledge:

• Minimum of 2 years of real estate debt and/or equity investment underwriting experience

• Proficiency with CBRE-EA, CoStar, Axiometrics, Green Street, and Real Capital Analytics preferred

• Strong Excel, PowerPoint, and Argus skills

• Must be willing to work in the office full-time

Skills / Other Personal Attributes Required:

• Demonstrated interest in commercial real estate and real estate credit

• Strong analytical/quantitative and technical abilities

• Attention to detail, solid organizational skills and ability to manage multiple projects concurrently

• Ability to work well independently and in a team environment while in a fast-paced environment

• Excellent verbal, written, and interpersonal communication skills

• Positive attitude with the ability to handle change effectively

Formal Education:

• Bachelor’s degree in finance, economics, or real estate preferred

The salary range for this position in New York is $100,000 - $112,500 annually. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience, and location.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

YesWorkplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office. 

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.