Amherst
Website:
amherst.com
Job details:
Amherst Overview Amherst is a vertically integrated real estate investment, development, and operating platform, offering solutions across the U.S. real estate capital stack, including single-family residential (SFR), mortgage-backed securities (MBS), and commercial real estate (CRE). Amherst is headquartered in Austin, TX and New York, NY, in the United States, with regional global offices located in India and Costa Rica. Underpinned by proprietary technology, battle-tested data and mortgage model, and a deep understanding of U.S. real estate markets, Amherst’s vertically integrated platform seeks to provide investors a more efficient model to price, finance, and manage real estate with turnkey execution capabilities across the firm’s debt and equity strategies in the public and private residential, commercial, and mortgage-backed securities markets.
Our Single-Family Residential strategy has quickly scaled over the last 10 years to own and operate 40,000+ homes in 30+ markets across 20 states while building a vertically integrated real estate investment and operating platform that manages approximately $18bn in assets (AuM). Across the SFR strategy, Amherst acquires, builds, renovates, leases, finances, manages, and disposes of homes on its own account and for its investors. Outside of the SFR strategy, Amherst is engaged in various strategic initiatives and venture businesses, including commercial real estate debt and equity (all things nonSFR) and mortgage-backed securities advisory. For Further information about The Amherst Group, kindly visit https://www.amherst.com/.
Department / Role Overview: Merchant Banking – Portfolio Management
The Amherst Merchant Banking business unit oversees investment management activities for Amherst, including the raising of new debt and equity capital, the formation of new ventures, the strategic acquisition and disposition of homes and the management and operation of Amherst’s portfolio investments. The Merchant Banking business unit collaborates closely with the other Amherst business units, including the Development and Operator business units, as part of the fully integrated Amherst platform.
The Amherst Merchant Banking division is seeking to expand its global footprint in Mumbai, India, with a goal of establishing a team of professionals working across multi-disciplinary functional areas in close collaboration with U.S.-based personnel.
The Role is within the Amherst’s Merchant Banking Division in the Portfolio Management (“PM”) group. Our Portfolio Management team sits at the center of the action, serving as leaders and collaborators with every function that serves the lifecycle of our investment products. We seek an initiative-taking individual to play a key role in the execution of reporting to investors, shareholders and key stakeholders invested in single-family rental (SFR) properties. We communicate with leading institutional investors frequently and must articulate our strategy and performance well. We are subject matter experts in many areas of the firm –including venture strategy, asset management, debt optimization, cash management, financial reporting and performance, valuation, and valuation attribution. This high visibility team serves as the internal fiduciary for investors –working across all departments to ensure key messages, analysis, and strategy implementation result in optimal portfolio performance.
Job Description (Role & Responsibilities):
• Assist Senior Portfolio Managers in the US to maintain and improve upon complex portfolio investment and fund-level models.
• Lead a team of Analysts/Sr. Analysts and drive the workflows on various aspects of Portfolio Management
• Prepare and Review the portfolio/financial models including cash flow projections, fundlevel waterfalls, and IRR calculations, DCF and NPV valuations.
• Collaborating with the Portfolio Managers and PM Team members to transition workflows to the India team.
• Mentor junior members and review the financial models/analyses prepared by them.
• Support Portfolio Managers in developing and maintaining analyses for diverse SFR management strategies.
• Perform comprehensive portfolio valuations for all joint ventures and assist Portfolio Managers in identifying key trends.
• Maintain an accurate inventory of fund operational reports and any modifications across all investment strategies for our SFR JV investors.
• Work with the Manager based in Austin, TX to evaluate and clarify investor requests. Offer alternative solutions and perform a deep dive into operational metrics when applicable.
• Support certain PM team members based in Austin, Texas. This may include additional deep dive, or special projects that will build on your understanding of the SFR business.
Desired Skills/Qualifications:
• Education: Bachelor’s degree and MBA/ CA/ CFA with financial markets understanding a plus
• Experience: 5+ years of prior experience in Real Estate firm preferred. Highly analytical mindset.
• Technical: Advanced skills in MS Office Excel and PowerPoint. Prior experience in using Tableau and SQL preferred.
• Time Management: Proven ability to manage multiple simultaneous projects and meet deadlines in a fast-paced environment. Must react quickly to requests with a sense of urgency.
Qualifying candidates may be asked to complete an excel based Portfolio modeling test and data visualization personality tests
Amherst’s core values:
Culture & Conduct: Positive attitude with high integrity. Agile in adapting to a dynamic environment with emerging datapoints. We do the right thing the right way and are accountable for our actions.
Client-Centricity & Business Acumen: Strong Team player, multiple internal/external stakeholders management,
Communication & Connectivity: Strong written and verbal communication skills with clients and management. Collaboration – We align, contribute, and win together.
Execution & Delivery: Self-starter, Proactive, motivated, driven personality, Excellent organizational and time management skills.
Agility – We are nimble and responsive.
Community – We empower and support people to create a sense of belonging for all.
Working Shift/ arrangement: US Shift (1:30 PM – 10:30 PM - IST)
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