Real Estate Portfolio Management Associate

At Brown Brothers Harriman, we believe no job is too big or small for any of us to handle if it helps our clients. We value passionate, committed people who enjoy collaborating with others to find new solutions to complex business challenges. We are looking for the type of person who speaks their mind, truly listens, and steps outside their role to add value wherever they can.  Someone who is driven to get things done and views obstacles as an exciting challenge that demands a creative solution. Above all, we seek someone who takes great pride in their work and is inspired and motivated by their role in protecting and enhancing our client’s financial well-being. If you are looking for an entrepreneurial environment where you can learn and thrive, Brown Brothers Harriman is the right place for you.

The Real Estate Portfolio Management Associate (“Associate”) will support BBH Real Estate (“BBHRE”) across all aspects of pre-investment and post-investment responsibilities. In this newly created role, the Associate will support the BBHRE Portfolio Manager (“PM”) on a variety of tasks required to manage the private real estate investment division at BBH. This position reports directly to the PM and provides direct exposure to the platform’s leadership.

The Associate will work jointly with the PM on certain tasks, while also being responsible for individual requirements. Together, these include the evaluation and execution of potential investments and new partnerships, conducting complex financial analysis, undertaking industry research, and assisting with the oversite of existing investments. Additionally, substantial time should be expected to be spent on industry webinars and synthesizing information from a variety of sources for the PM, as well as taking on direct responsibility for many of the administrative requirements that currently fall on the PM (pipeline updates, reporting requirements, presentation creation, etc.)

The Associate will initially be primarily inward facing, working with the PM to determine appropriate recommendations across all BBHRE private real estate matters. The Associate will also participate on acquisition pipeline calls and asset management calls with BBHRE fund partners. This role will initially be focused on listening while the PM takes the lead. Overtime, however, the goal is for the individual take the lead on external communications with our asset management partners and advance into a more senior role as BBHRE launches new funds and grows AUM.  Travel may also periodically be required to both potential acquisitions and existing portfolio assets.

About BBHRE:

Since its launch in 2006, Brown Brothers Harriman’s Real Estate Division (“BBHRE”) has provided private real estate investment solutions for its investors. Through a series of discretionary funds, BBHRE acquires institutional quality real estate assets across a variety of investment strategies spanning core, core plus, and value-add. BBHRE leverages its extensive real estate experience across market cycles with a demonstrated ability to successfully identify attractive assets presenting an opportunity to enhance value during their investment lifecycle. This procurement is enhanced through proprietary partnerships with both investment advisors and operating partners, as well as by utilizing BBH’s internal credit team to identify mispriced assets with attractive incumbent tenancy.  BBHRE has invested +$1 billion in private real estate, with a goal to significantly grow its portfolio over the next few years.

Job Responsibilities:

Investment Evaluation / Execution / Diligence / Transaction Support

• Assist the Portfolio Manager in the evaluation of potential acquisitions across all BBHRE funds
• Create and stress financial models to demonstrate sensitivities on returns under multivariable scenarios
• Perform qualitative market research to assess target markets, including understanding competitive set and drivers
• Conduct macro trend analyses on different property types and geographies to identify attractive market segments
• Assist Portfolio Manager with transaction execution for acquisitions and divestitures, including capital calls, coordination with third parties (legal, consultants) to ensure smooth closing process on transactions
• Support development of presentations for Portfolio Manager review, including reviewing offering memoranda (OMs), preparing sections, and creating investment committee memos, and lender presentations
• Maintain internal acquisitions databases

Portfolio Analysis / Asset Management / Investor Relations

• Use financial analyses to monitor and report on portfolio KPIs including tracking periodic operating metrics, and comparing financial results to (and reasons for deviations from) budgets and pro forma underwriting
• Monitor portfolio activities including leasing, renovation progress, among other significant changes
• Maintain internal databases critical in evaluating existing portfolio

Investor Relations / Private Banking Client Requirements

• Assist with creation of quarterly investor letters
• Assist with internal presentations to Private Banking Leadership and Relationship Managers
• Assist with ad-hoc investor questions regarding BBHRE
• Assist with ad-hoc PB client real estate inquiries (ex-BBHRE)

General Support

• Assist Portfolio Manager on ad-hoc tasks related to the BBHRE portfolio responsibilities
• Coordinate required data sharing with internal groups (accounting, front office, etc.)
• Maintain records of meetings and documentation for auditors
• Coordinate meetings with Investment Committees, external parties, etc.
• Participate in wide array of internal and external calls and meetings

Qualifications:

• Bachelor's or Equivalent
• Up to 5 years of relevant, professional experience
• Demonstrated interest in real estate and general understanding of capital markets
• Prior work experience in real estate, asset management, investment banking, or financial analysis is strongly preferred, Argus experience a plus
• Experience with Microsoft Office Products; advanced Excel skills and PowerPoint required
• Potential to learn how to analyze investment opportunities, identify weaknesses and evaluate strengths
• Highly organized, with ability to maintain databases and analyze trends
• Ability to multi-task, while meeting deadlines
• Solid relationship management skills
• Ability to accept coaching and direction from more senior team members
• Strong quantitative and qualitative skills
• Strong conceptual and critical thinking skills
• Strong oral and written communication skills

What We Offer:

• A collaborative environment that enables you to step outside your role to add value wherever you can
• Direct access to clients, information, and experts across all business areas
• Opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm
• A culture of inclusion that values each employee’s unique perspective
• High-quality benefits program emphasizing good health, financial security, and peace of mind
• Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
• Volunteer opportunities to give back to your community and help transform the lives of others

Total Rewards:

BBH’s compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range for this role is $100,000 to $125,000, which is specific to New York, NY and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience, and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.

Full Time