Salary
{
Location
Cleveland, OH, United States
Posted on
Mar 07, 2022
Profile
Townsend is currently seeking an Associate to be located in its Cleveland office. This position will report within the Special Situations Group, where Townsend manages its non-fund, principal direct real estate investment activity. Townsend manages discretionary Special Situations investment funds, which invest globally across all property types, executing via co-investments, joint ventures, recapitalizations, fund secondaries, and debt oriented investments. The Associate will be an integral member of the investment deal team and will support asset management and acquisition activities. This position will be responsible for assisting in the overall due diligence process including financial valuation and modeling, intensive research of market fundamentals, evaluation of business plans and analysis of capital structures. The ideal candidate will have an undergraduate degree and a minimum of 2 to 3 years of relevant real estate investment experience. Individual must be a team player with a positive attitude and possess a strong work ethic. This position will be heavily reliant on a strong financial analysis background. Strong financial modeling skills and extensive knowledge of capital structures are absolute requirements. Responsibilities:Assist in underwriting direct investment opportunities, including reviewing due diligence materials and modeling complex cash flows and capital structures.Monitor and manage investments, including working closely with operating partners and third parties, including leasing agents and lenders.Work with transaction leads to oversee investments, ensuring that implementation of business plan at each asset is consistent with approved plans. Provide status updates to internal management and clients. Identify risks and challenges that can impact investment performance.Manage asset/investment structures, including tax efficient implementation for international, REIT and other structured investments.Monitor approved investment business plans and budgets to ensure that each investment is operating as projected.Prepare client-friendly quarterly reports on investment performance and assist in preparing investment recommendation reports for Investment Committee review.Conduct market research including supply and demand dynamics, sales comps, leasing comps and country-specific/macro fundamentals.Maintain fund models for internal management and fund LPsAssist with fund administration as needed including capital calls and distributions.Review leasing proposals, capital projects, service contracts, and debt proposals, making recommendations as appropriate to transaction leads. REQUIREMENTS:Minimum 3-5 years of real estate acquisitions, real estate investment, and/or real estate investment banking experience.Strong track record of academic success.Detail oriented with excellent analytical, quantitative and problem solving skills.Strong financial modeling skillsStrong technical/computer skills (including proficiency in Microsoft Excel, Argus, Word and Powerpoint).Self-starter capable of working autonomously in a lean group and accomplishing complicated tasks with limited supervision.Ability to be resourceful, proactive and hit the ground running.Positive attitude as well as excellent team work and interpersonal skills. We offer you A competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization. Our Colleague Experience: From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience. About Aon:Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer. DISCLAIMER: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 2498088,qualifications:UNAVAILABLE,responsibilities:Townsend is currently seeking an Associate to be located in its Cleveland office. This position will report within the Special Situations Group, where Townsend manages its non-fund, principal direct real estate investment activity. Townsend manages discretionary Special Situations investment funds, which invest globally across all property types, executing via co-investments, joint ventures, recapitalizations, fund secondaries, and debt oriented investments. The Associate will be an integral member of the investment deal team and will support asset management and acquisition activities. This position will be responsible for assisting in the overall due diligence process including financial valuation and modeling, intensive research of market fundamentals, evaluation of business plans and analysis of capital structures. The ideal candidate will have an undergraduate degree and a minimum of 2 to 3 years of relevant real estate investment experience. Individual must be a team player with a positive attitude and possess a strong work ethic. This position will be heavily reliant on a strong financial analysis background. Strong financial modeling skills and extensive knowledge of capital structures are absolute requirements. Responsibilities:Assist in underwriting direct investment opportunities, including reviewing due diligence materials and modeling complex cash flows and capital structures.Monitor and manage investments, including working closely with operating partners and third parties, including leasing agents and lenders.Work with transaction leads to oversee investments, ensuring that implementation of business plan at each asset is consistent with approved plans. Provide status updates to internal management and clients. Identify risks and challenges that can impact investment performance.Manage asset/investment structures, including tax efficient implementation for international, REIT and other structured investments.Monitor approved investment business plans and budgets to ensure that each investment is operating as projected.Prepare client-friendly quarterly reports on investment performance and assist in preparing investment recommendation reports for Investment Committee review.Conduct market research including supply and demand dynamics, sales comps, leasing comps and country-specific/macro fundamentals.Maintain fund models for internal management and fund LPsAssist with fund administration as needed including capital calls and distributions.Review leasing proposals, capital projects, service contracts, and debt proposals, making recommendations as appropriate to transaction leads. REQUIREMENTS:Minimum 3-5 years of real estate acquisitions, real estate investment, and/or real estate investment banking experience.Strong track record of academic success.Detail oriented with excellent analytical, quantitative and problem solving skills.Strong financial modeling skillsStrong technical/computer skills (including proficiency in Microsoft Excel, Argus, Word and Powerpoint).Self-starter capable of working autonomously in a lean group and accomplishing complicated tasks with limited supervision.Ability to be resourceful, proactive and hit the ground running.Positive attitude as well as excellent team work and interpersonal skills. We offer you A competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization. Our Colleague Experience: From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience. About Aon:Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer. DISCLAIMER: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.,skills:UNAVAILABLE,workHours:UNAVAILABLE,jobBenefits:UNAVAILABLE,datePosted:2022-03-07T20:58:00 0000,employmentType:FULL_TIME,educationRequirements:UNAVAILABLE,salaryCurrency:USD,baseSalary:{@type:MonetaryAmount,currency:USD,value:{@type:QuantitativeValue,value:0,minValue:0,maxValue:0,unitText:YEAR}},validThrough:2022-03-31T19:00:00 0000,industry:UNAVAILABLE,hiringOrganization:{@type:Organization,name:Aon Corporation,sameAs:****Main Ave.nE&Y Tower,postalCode:44113,addressCountry:United States}}}
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