Asset Management Associate

Asset Management Associate

First Investors is seeking an Asset Management Associate to support the ownership and asset management of a growing hospitality portfolio. Based in Chicago, this role will work closely with the Vice President of Asset Management to monitor property performance, maintain financial models, support capital planning, assist with investor reporting, and provide analytical support for strategic asset decisions.

This position is ideal for a detail-oriented analyst with commercial real estate finance experience, strong financial analysis skills, and the ability to understand hotel operating performance. The Asset Management Associate must be comfortable working with financial statements, updating financial models, and managing multiple priorities.

Key responsibilities include:

• Portfolio Performance and Financial Analysis
• Hospitality Financial Modeling
• Capital Planning and Project Tracking
• Investor and Ownership Reporting Support
• Cross Functional Coordination

Required qualifications include:

• 3 years or more of analyst experience in commercial real estate finance, asset management, investment analysis, hospitality finance, investment banking, or a related financial analysis role.
• Bachelor's degree in finance, Real Estate, Accounting, Economics, Hospitality, Business, or a related field.
• Strong ability to read, understand, and analyze financial statements.
• Experience building, updating, and maintaining financial models.
• Strong Excel skills, including formulas, scenario analysis, and model organization.
• Solid understanding of commercial real estate finance concepts, including cash flow, debt service, valuation, capital expenditures, investor returns, and budget variance analysis.
• Ability to manage multiple projects, deadlines, and requests at the same time.
• Comfortable working independently while knowing when to escalate issues.
• Strong attention to detail, accuracy, and follow-through.
• Strong written and verbal communication skills.

Core competencies include:

• Financial Acumen - Understands financial statements, operating results, investment models, and the key drivers of asset value.
• Ownership Mindset - Takes responsibility for accuracy, deadlines, and quality of work. Follows through without needing excessive direction.
• Analytical Thinking - Uses data, trends, and financial models to identify risks, opportunities, and practical recommendations.
• Detail Orientation - Produces accurate work, maintains organized files and models, and checks assumptions before sharing analysis.
• Prioritization - Manages multiple requests and shifting priorities while staying focused on the most important business needs.
• Communication - Explains financial information clearly and professionally to internal teams, senior leaders, and external partners.

Success measures include:

1. Financial models are accurate, current, and ready for leadership review.
2. Portfolio trackers are maintained consistently and reflect current asset performance, capital activity, debt information, and key deadlines.
3. Budget variance, capital expenditure, and performance analyses are completed on time and with minimal rework.
4. Investor and ownership materials are clear, accurate, and professionally prepared.
5. The Vice President of Asset Management has timely analytical support to make informed asset decisions.
6. Cross functional requests are handled with urgency, accuracy, and professionalism.

About First Investors:

First Investors is a Midwest-based hotel ownership group headquartered in Chicago. The company focuses on disciplined hospitality investment, thoughtful asset management, strong partner relationships, and long term value creation across its portfolio. The Asset Management Analyst will play an important role in helping the team monitor performance, protect asset value, and support informed ownership decisions. Equal Opportunity Employer.