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Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

Job Description

This role reports into the Senior Vice President of Hospitality and combines investment and portfolio management responsibilities in the oversight of a ~ $10 billion, 100+ asset premier North American hospitality portfolio. The Associate / Senior Associate will support portfolio-level strategy across a large hospitality portfolio, collaborating with asset management as well as investment, capital markets and finance teams. The Portfolio Management team is specifically responsible for capital allocation decisions, investment analysis, capital structure, buy/sell decisions, liquidity analysis, investor relations and business plan oversight.

This team is responsible for strategic oversight of Brookfield’s real estate investments (structured as either a portfolio company or individual investment). They are principally responsible for overseeing the hotel performance and operating teams in the execution of the business plans. Strategic decision-making – such as financing, capital investments, renovations, hold-sell, key branding and manager decisions, etc. – are the purview of portfolio managers. Collaboration with capital markets, design & construction, finance, tax, compliance, legal etc. is required to monitor our investments and ensure our business plan and strategy objectives are being met.

Position Summary

Investment

+ Apply investment discipline to complex situations and transactions

+ Support capital allocation and financing decisions within the hospitality portfolio, ensuring alignment with broader strategic and financial objectives

+ Manage liquidity analyses, prepare and deliver presentations to leadership, and offer strategic recommendations

+ Work with the asset management team to execute the business plan, spanning financial and operational oversight

+ Prepare ROI analyses to evaluate capex-driven initiatives and promote the long-term growth of the portfolio

+ Collaborate across teams to develop and present various analyses to senior management

+ Own quarterly valuations of the hospitality portfolio and present business plans to senior leadership

Analytical

+ Build and maintain highly functional, detailed financial models to support decision-making for portfolio, corporate and single asset investments

+ Prepare well-formatted, concise, and professional written materials that clearly communicate results and conclusions

+ Conduct complex scenario analyses at the corporate / portfolio level

+ Develop customized analyses for investors that inform investment decisions as well as strategic portfolio positioning

+ Review and challenge financial projections and business plans, providing suggestions for improvement where applicable

Communication

+ Distill complex information into clear, concise insights for memos and presentations

+ Present and explain complicated concepts and analysis to senior leaders

+ Actively contribute in meetings and discussions with senior management

Interpersonal

+ Serve as a collaborative team player who fosters strong working relationships across functions

+ Identify and leverage internal resources effectively

+ Represent Brookfield professionally in external interactions with brokers, investors, and other third-parties

Qualifications & Requirements

+ Bachelor’s degree in business, finance, accounting or related field

+ 4+ years of professional experience

+ 2+ years of real estate experience in portfolio management, acquisitions, investment sales, and / or asset management preferred; however, consideration will be given to experience in one or more of the following industries: commercial real estate, investment banking, real estate lending, or similar

+ Exceptional analytical, financial modeling, and valuation skills

+ Strong understanding of markets, pricing, and valuation dynamics

+ “Thinks like an owner” – focused on creating value while minimizing risk

+ Excellent critical thinking and problem-solving skills

+ Shares informed views and recommendations with confidence

+ Attention to detail and ability to learn quickly

+ Reliable, diligent, and hard-working

This position would be suitable for those candidates who meet the role qualifications and who thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results.

Salary Range: $140,000 - 190,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education, and designations.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.

#BPUS

At Brookfield Properties, our success starts with our people. People like you. We develop, operate, and manage more than 1100 properties and 370 million square feet of real estate across the globe. It’s a feat that wouldn’t be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings don’t simply meet the needs of our tenants, residents, and communities — but exceed them, every day.