Associate, Portfolio Management & Transactions

  • Post Acute Partners Management
  • New York, NY, United States
  • Jun 17, 2022
Full time

Job Description

Join Our Team: Are you looking to take the next step in your career? Overview:

Post Acute Partners is seeking an Associate of Portfolio Management & Transactions.

 

Position Description:

  • Post Acute Partners Management, LLC, a large and growing geriatric, and pediatric post-acute healthcare services company focused on the Northeast, is looking for an Associate to join its New York City corporate office. 
  • This position is responsible for performing analysis pertaining to acquisitions, development, recapitalizations, refinancings, and special projects as required. 
  • Additionally, this position is responsible for packaging monthly and quarterly financial reporting for internal stakeholders and analyzing performance as well as producing periodic forecasting and budgeting for lenders and senior management.
  • The Associate will work on projects with senior members of the team, and their work will be highly visible across the Company.

This position is a hybrid role. Office location:

 

641 Lexington Ave.

New York, NY 10022

Employee Perks!: Generous PTO & holiday package, Life Insurance, Medical, Dental, and Vision insurance Responsibilities:

Responsibilities:

 

Acquisitions & Development: Responsible for complex and multi-site acquisition opportunities and will support Director in analysis and due diligence related to new acquisitions, development and recapitalizations including:

  • Builds operating and capital projections and sensitivities (both preliminary to assess value and detailed upon further due diligence).
  • Models various financial structures and prepares IRR, NPV, cash on equity and return on cost projections.
  • Compares relative terms across financing term sheet and analyzes economics.
  • Supports due diligence process with Seller and Key Stakeholders by cataloguing diligence data received from target and disseminating relevant diligence documents to key internal and external stakeholders. Analyzes financial-related due diligence. 
  • Creates financial schedules for regulatory approval process; coordinates between internal and external stakeholders to ensure timely submission.
  • Assists with presentations to new potential capital sources / lenders.
  • Monitors performance in comparison to underwriting through to closing and post-closing portfolio management.
  • Helps with preparation of closing statements and opening balance sheets.
  • Builds financial models and improves upon existing models with Excel automation.
  • Builds detailed market research discipline as well as transactions and equity databases to monitor relevant transactions in the industry and potential capital sources.
  • Builds detailed maps and profiles for competitors and feeder hospitals for existing portfolios and prospective acquisition targets.
  • Other ad hoc analysis as needed.

 

Portfolio Management: Supports Director in analysis and financial reporting related to existing business including:

 

  • Prepares documents for monthly operations reviews portfolio-wide.
  • Identifies and analyzes opportunities related to refinancing debt in existing book of business.
  • Prepares facility-level, portfolio-level and company-wide multi-year cash flow projections, which incorporate returns and projects partner distributions.
  • Assists in preparation of periodic internal valuations of all portfolios.
  • Spearheads due diligence for and review of third party external appraisals.
  • Tracks original underwritten proformas to actual and budgeted performance.
  • Prepares presentations to existing lenders and potential new financing sources.
  • Prepares quarterly covenant calculations and covenant projections.
  • Monitors cost of credit for all existing facilities and portfolios and reports cost of credit to Accounting for purposes of recording on the Income Statement and Balance Sheet.
  • Reviews monthly rent computations for Accounting.
  • Monitors covenant compliance with financing documents and prepares lender reporting packages.
  • Responsible for documenting / abstracting key financing documents.
  • Assists Director with budget process for all business lines.
  • Drafts analyses and deliverables that require regulatory approval.
  • Creates analyses to compare and benchmark facilities across the portfolio.
  • Other Ad hoc analysis as needed including assisting operations team with evaluating new business opportunities and other value-add assignments.
  • Develops proformas and return models for development opportunities within existing portfolio.
Qualifications:

Qualifications:

  • Takes initiative to improve performance and processes and identifies opportunities.
  • Team player who possesses ability to collaborate with employees throughout the organization from facility Administrators to senior team members.
  • Eligible for employment in the U.S. – no sponsorship or work visa required.
  • 3-5years prior work experience in senior healthcare M&A and / or healthcare investment banking preferred.
  • Proficiency in building complex, fully integrated financial models and running scenario analyses.
  • Proficiency in Microsoft Office: Excel, PowerPoint and Word.
  • Proficiency in SQL Database Query Language.
  • Ability to create and update VBA and Excel Macros to fully automate processes for accounting, modeling and financial reporting purposes.
  • Excellent written / verbal communication and presentation skills are essential to synthesize information, make assumptions, and present key findings, conclusions and recommendations.
  • Excellent attention to detail and accuracy along with ability to multitask and prioritize.
  • Ability to plan ahead, anticipate potential problems and react nimbly.
  • BS in Finance / Accounting and / or BA in Economics preferred.
  • Experience in data, statistical and/or financial analysis preferred.