Posted:
12/16/2024, 5:04:51 AM
Location(s):
New York, New York, United States ⋅ New York, United States
Experience Level(s):
Junior ⋅ Mid Level
Field(s):
Finance & Banking
Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities. As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio.
Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.
Summary of the Position:
The associate position will support the Debt Capital Markets team in the marketing, negotiation, and closing of loans for all Tishman Speyer’s U.S. developments, acquisitions, and portfolio refinancing efforts. The individual will provide portfolio and market research to assist the team’s members in executing accretive debt financing terms and will provide ongoing analytical support for deal teams.
Key Responsibilities:
The associate will provide essential analysis and financial modeling for various debt financing structures for the company’s ground-up development, acquisition, and existing properties. The associate will also assist in the marketing of commercial real estate financing opportunities directly to prospective lenders. The individual must have strong interpersonal skills to interact and collaborate with teammates and external parties. Experience in cash flow analysis and underwriting, financial reports, and marketing materials is essential. Prior experience with commercial loans is preferred. The individual will collaborate with various disciplines of the firm, including Acquisitions, Development, Asset Management, Portfolio Management, Leasing, Accounting, Property Management, Equity Capital Markets, and Design & Construction.
Responsibilities will include:
Supporting team members during the loan marketing, negotiation, and closing process, including through the preparation of financial analyses, internal management updates, lender marketing materials, and offering memorandums.
Managing lender communications and supporting the diligence process with potential lenders in connection with initial loan marketing and loan closing.
Producing internal memoranda and analyses highlighting trends in the commercial financing markets and/or pertaining to Tishman Speyer’s loan portfolio. Providing research support for team members and for presentations to senior management.
Keeping abreast of local real estate financing market information on an on-going basis. Regularly reviewing newsletters and publications to remain current and update internal team.
Proactively reviewing existing portfolio loans and upcoming financing pipeline and supporting asset and portfolio management through review of borrower quarterly reporting and loan covenant compliance.
Skills & Qualifications:
The candidate will directly interact with colleagues throughout the organization and therefore should have strong quantitative and analytical skills, be detail-oriented, articulate and well organized. The candidate must display initiative, good judgment, and the ability to adapt quickly in a dynamic environment while managing multiple tasks and demonstrating strong problem-solving skills. The ability to think strategically and to present information in a clear and concise manner is critical.
Other qualifications include:
3-5 years of experience
Strong financial modeling skills including a high degree of proficiency with Excel and Argus.
Evident passion for real estate, debt, and a desire to build a career on the principal side.
The ability to work independently and proactively with exceptional attention to detail.
Strong interpersonal and written and oral communication skills.
Ability to be a team player and exhibit a positive attitude.
Research skills and proficiency with Bloomberg terminal functions is desired.
Demonstrated academic success with a bachelor’s degree in areas such as real estate, finance, economics, accounting or other analytical/quantitative fields.
The base compensation range for this role is $110,000 to $130,000. This role is also eligible for a discretionary annual bonus, as well as access to our comprehensive medical, dental, and vision insurance, life and disability insurance, 401(k) plan (with matching contributions), wellness benefits and all other benefits afforded to full-time Tishman Speyer employees.
This base range reflects a number of factors including, but not limited to, relevant experience, skill sets, and/or licensure required of an individual in this particular role. The base range is also specific to members of Tishman Speyer’s New York team, as we’ve considered factors specific to this geography.
Tishman Speyer is deeply committed to creating and maintaining a diverse workforce which promotes different views and perspectives. We expect our leaders and employees alike to champion diversity and inclusion practices. Tishman Speyer has several employee affinity and interest groups that provide employees opportunities to develop professional relationships across the business and identify opportunities for development and advancement.
We are proud to be an Equal Opportunity Employer and treat all applicants for employment equally based upon job-related qualifications and without regards to race, color, age, sex, sexual orientation, gender identity, gender expression, marital status, military or veteran status, national origin, disability, religion, or any other characteristics protected by law.
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Website: https://tishmanspeyer.com/
Headquarter Location: New York, New York, United States
Employee Count: 5001-10000
Year Founded: 1978
IPO Status: Private
Last Funding Type: Debt Financing
Industries: Commercial ⋅ Leasing ⋅ Real Estate