Asset Management Associate

Help shape the future of hospitality investment with First Investors, where high-impact asset strategy, analytical rigor, and ownership thinking come together to drive performance across a growing hotel portfolio.

What's in it for you...

• Insurance enrollment available from DAY 1!
• Paid time off available from DAY 1!
• Holiday pay available from DAY 1!
• 401(k) enrollment after 30 days!
• Hotel and travel discounts at worldwide destinations!
• Professional development and promotion opportunities!

Position Overview

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

Portfolio Performance and Financial Analysis

Analyze operating performance against underwriting, budget, forecast, and prior year results.

Identify trends, risks, and opportunities that may impact asset value, cash flow, investor returns, or business plan execution.

Prepare recurring portfolio updates, variance summaries, and performance reporting for review by the Vice President of Asset Management.

Support analysis related to revenue, expenses, labor, flow through, margins, debt service, reserves, and ownership returns.

Hospitality Financial Modeling

Create, monitor, and update financial models for existing assets.

Maintain property level cash flow models, valuation models, debt and covenant tracking, and capital expenditure models.

Update model assumptions based on actual performance, revised forecasts, capital plans, refinancing activity, or market changes.

Run sensitivity analyses, scenario models, and return projections to support asset level decisions.

Ensure models are accurate, organized, clearly documented, and ready for senior leadership review.

Capital Planning and Project Tracking

Track capital expenditure budgets, actual spend, timing, draw packages, and project status across assigned assets.

Support monitoring of property improvement plans, brand requirements, renovation scopes, and furniture, fixtures, and equipment reserve activity.

Maintain centralized capital expenditure trackers and identify budget variances or timing risks.

Assist with the preparation of materials related to capital approvals, refinancing, recapitalizations, dispositions, and other ownership decisions.

Investor and Ownership Reporting Support

Assist with quarterly investor reporting, ownership updates, distribution analysis, and platform uploads.

Prepare ownership presentations, asset updates, and investment materials.

Support reporting needs for lenders, capital partners, joint venture partners, and internal leadership.

Ensure reporting is accurate, timely, consistent, and aligned with investor expectations.

Cross Functional Coordination

Serve as an analytical resource for asset management requests involving dispositions, refinances, recapitalizations, capital events, and strategic asset decisions.

Coordinate information requests across Investments, Accounting, Operations, Legal, Information Technology, and external partners.

Maintain centralized portfolio trackers, files, models, and reporting templates.

Support special projects assigned by the Vice President of Asset Management.

Required Qualifications

3 years or more years 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

• 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

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.