Job details

Associate - US Real Estate Equity (Hotel Group)

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Associate - US Real Estate Equity (Hotel Group)

Department: Hotel Group

Location Chicago

Barings is a global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.

Primary Responsibilities

Asset Management:

Develop and maintain critical monthly, quarterly and annual portfolio, asset management and acquisition information, reports and analytics.
Interface with on-site and regional hotel management personnel and clients, as necessary, to provide timely asset level and portfolio reporting and accurate database tracking
Provide financial/statistical analysis on for monthly and quarterly reports as well as coordination with asset managers to complete monthly, quarterly and annual loan reporting requirements.
Monitor loan covenants and tests to ensure compliance for hotel/portfolio debt to remain in good standing.
Work with asset managers to produce quarterly valuations of all hotel properties in portfolio.
Assist Portfolio Managers and Director / Managing Director, Hotel Group with completing the quarterly report process, including coordination and collection of data and writing/reviewing text.
Internal coordination with IT on annual budget process as it relates to the group and the assets in the portfolio; work with Information Technology on maintaining and enhancing budget template.
Support Hotel Asset Management team with analysis of market economics, regional economy, operational feasibility, and flag/manager capabilities.
Assist Asset Managers by reviewing key property P&L/STR information on a monthly basis.
Participate in monthly/quarterly hotel operating reviews, virtually or in-person, as directed. Assist in coordinating and setting up “war room” for all hotel dispositions, work with Asset Managers, administrators and brokers.
Perform return on investment” /payback analysis on potential capital investment programs

Acquisitions/Underwriting:

Assist in underwriting and analyzing potential hotel acquisitions with Director and Managing Director Hotel Acquisitions/Development
Independently prepare initial asset level underwriting of hotel investment opportunities including detailed discounted cash flow analysis incorporating capital requirements
Model Joint Venture waterfalls and financing scenarios for acquisition and development projects o Gather and evaluate economic, demographic, and real estate market data generally and for markets targeted for investment opportunities.
Prepare acquisition investment briefs and related support material.
Provide support on acquisition site visits and acquisition takeover when necessary.
Provide support for acquisition financing, including detailed financial projections required by brokers and/or potential lenders.
Review legal and other materials as part of the due diligence process, abstract key documents.
Maintain up to date hotel sales transaction database and complete and up to date pipeline of investment opportunities.
Develop and maintain a strong professional industry network for sourcing critical industry information and sourcing potential investments

Market/Research Information Collection:

Responsible with Analyst, Hotel Group for coordination of Smith Travel Research (CoStar) information in AssetEye (monthly, weekly & quarterly) as well as Salesforce data input and integrity for pipeline
Maintain file of key industry reports and articles to ensure Hotel Group is consistently up to date with most recent industry trends as well as an organized electronic repository of past deals reviewed

Maintain and Further Refine financial models:

Quarterly Valuation Model
Total Return Matrix
Mock Liquidation Model
Portfolio Cash Flow Model
Debt Summary Model
Fund Quarterly Report Models

Other:

Work independently or with colleagues to conduct hotel loan reviews for the Barings debt origination teams, including analysis of asset level financial performance and future cash flow potential while identifying key risks.
Assist in preparing presentations to outside parties/clients as necessary.
Provide coaching/ mentorship and training for Analyst level staff in the hotel group including prioritization of Analyst workflow and review of Analyst work on financial models
Interface with Barings Research and Capital Markets teams on potential acquisition and financings
Other related duties as may be assigned from day to day.

Qualifications

Bachelor’s Degree is required with a major in Business, Economics, Finance, Accounting or Hotel Management or a closely related field strongly preferred
2-4 years of commercial real estate investment experience with a hotel focus preferred
1-3 years of direct hospitality related work experience preferred.
Strong systems and computer skills (report development, PowerPoint).
Strong knowledge and mastery of financial modeling and analysis programs Excel required, ARGUS preferred.
Prior valuation, asset management, consulting, brokerage or acquisition analyst experience strongly preferred.
Strong analytical skills.
Ability to understand and extract key metrics from hotel financial statements (P&L, balance sheet, cash flow reports)

Competencies

Strong analytical and reasoning skills
Highly developed written and verbal communication skills
Develops strong and effective relationships with all areas across the organization
Ability to influence others and win support on critical issues
Ability to work independently and as part of a team
Attention to detail and the ability to work on multiple projects simultaneously
Must have strong customer service focus
Self-starter with a proactive approach
Must possess a high standard of professionalism and integrity
Ability to prioritize, multi-task and meet tight timelines consistently
Innovative; handles complexity and issues quickly

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits

FINANCIAL WELL-BEING

401(k) Plan w/Company Match
Pension Plan
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account

LIFE INSURANCE

Basic and Supplemental Life Insurance
Spouse and Child Life Insurance

TIME OFF, DISABILITY AND LEAVE OF ABSENCE

Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time

OTHER BENEFITS

Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program

Barings Glassdoor Company Review

3.6

Barings DE&I Review

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CEO of Barings

Michael Freno

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By Barings

Barings is a $306+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative ass...

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FUNDING

Private

INDUSTRY

Investment & Asset Management

TEAM SIZE

1001-5000

LOCATION

Hybrid, based in Charlotte, NC

DATE POSTED