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Analyst, Asset Management
Chicago, IL
Job Description
LaSalle Investment Management ("LaSalle") is a global real estate investment manager with $89 billion of private and public real estate assets under management and over 900 people in 13 countries. Our diverse investor base includes public and private pension funds, insurance companies, governments, endowments, and high net worth investors from across the globe. LaSalle sponsors private custom accounts, private open and closed-end commingled funds, and public real estate securities programs. As a wholly-owned member of JLL, LaSalle's investment teams also draw on the intelligence and resources of its parent company, providing unique access to market opportunities and key industry leaders.
At LaSalle, we deliver investment performance for a better tomorrow for all our stakeholders. We believe investment performance can be impacted by physical climate hazards as well as sustainability-related market and regulatory changes. We integrate sustainability into our portfolio construction, acquisitions, and asset management activities to maximize value for our clients.
Objective of Role:
LaSalle Investment Management is seeking a full-time Analyst to join its Asset Management team in our Chicago or Baltimore offices. This role will provide exposure to a variety of asset classes including office, industrial, retail, and multifamily property investments, and will span various risk profiles and geographic regions. Analysts primarily focus on property level analysis for the firm's direct real estate investments and provide assistance to the team in acquiring, monitoring, and improving the performance of commercial real estate investments.
Accountabilities:
Responsibilities may include, but are not limited to, the following:
Perform complex financial analyses, including Argus valuation models and Excel-based underwriting proformas, cash flow projections and sensitivity analyses
Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of cash flows through Argus
Review and analyze potential leases and their financial impact on an investment
Assist property managers in development of annual operating budgets and quarterly reforecasts
Provide analytical support to colleagues in the areas of fund operations and asset management
Assist asset managers in the disposition process
Oversee compliance of ground leases and mortgages
Gather and evaluate economic and market data
Assist with client reporting and presentation preparation, including the presentation of investment memoranda
to the firm's Investment Committee
Required Qualifications & Experience:
BA/BS degree in real estate, finance, accounting, or economics or related field with strong record of academic achievement
Minimum 1 year of professional experience
Highly skilled in modeling investments in Excel; Argus experience is a plus
Knowledge of DCF, NPV and cash flow models
Strong financial and analytical ability with solid organizational skills and ability to multi-task
Highly-developed verbal and written communication skills
Ability to work independently and as part of a team
Proactive thinking with detail-oriented and creative problem-solving approach
Candidate must be authorized to work in the United States without requiring sponsorship
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
At LaSalle, we deliver investment performance for a better tomorrow for all our stakeholders. We believe investment performance can be impacted by physical climate hazards as well as sustainability-related market and regulatory changes. We integrate sustainability into our portfolio construction, acquisitions, and asset management activities to maximize value for our clients.
Objective of Role:
LaSalle Investment Management is seeking a full-time Analyst to join its Asset Management team in our Chicago or Baltimore offices. This role will provide exposure to a variety of asset classes including office, industrial, retail, and multifamily property investments, and will span various risk profiles and geographic regions. Analysts primarily focus on property level analysis for the firm's direct real estate investments and provide assistance to the team in acquiring, monitoring, and improving the performance of commercial real estate investments.
Accountabilities:
Responsibilities may include, but are not limited to, the following:
Perform complex financial analyses, including Argus valuation models and Excel-based underwriting proformas, cash flow projections and sensitivity analyses
Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting of cash flows through Argus
Review and analyze potential leases and their financial impact on an investment
Assist property managers in development of annual operating budgets and quarterly reforecasts
Provide analytical support to colleagues in the areas of fund operations and asset management
Assist asset managers in the disposition process
Oversee compliance of ground leases and mortgages
Gather and evaluate economic and market data
Assist with client reporting and presentation preparation, including the presentation of investment memoranda
to the firm's Investment Committee
Required Qualifications & Experience:
BA/BS degree in real estate, finance, accounting, or economics or related field with strong record of academic achievement
Minimum 1 year of professional experience
Highly skilled in modeling investments in Excel; Argus experience is a plus
Knowledge of DCF, NPV and cash flow models
Strong financial and analytical ability with solid organizational skills and ability to multi-task
Highly-developed verbal and written communication skills
Ability to work independently and as part of a team
Proactive thinking with detail-oriented and creative problem-solving approach
Candidate must be authorized to work in the United States without requiring sponsorship
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
1+ years
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