The Amherst Group's companies are comprised of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed. Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors. Today Amherst has over 1000 employees and $14.1 billion in assets under management.
Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst’s debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.
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)
Our full-time employee benefits include:
A competitive compensation package, annual bonus, 401k match
Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day
Employer-paid benefits (medical, dental, vision, health savings account)
Professional career development and reimbursement
Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave
Backup childcare offered through Bright Horizons
Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.
