Fund Strategy & Finance Analyst

New York, NY, USA Req #104
Wednesday, February 14, 2024

At L+M Fund Management (“LMFM”), our mission is to provide a private sector solution to the housing crisis by working with institutional investors, government agencies, and a diverse range of partners to preserve long-term affordability of affordable and workforce housing assets across the U.S. 

LMFM is an affiliate of L+M Development Partners (“L+M”), which was founded in 1984. L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry eading innovation. Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $16 billion in development and investment and have acquired, built, or preserved over 46,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area. Please visit L+M’s website for more information: http://lmdevpartners.com

Since 2010, LMFM has been committed to investing in, acquiring, and preserving workforce, affordable, and mixed-income multi-family housing in high-growth metro areas across the U.S. LMFM invests in and operates workforce and affordable assets on behalf of institutional investors and, to date, has acquired over 20,000 units and $4.7 billion in transactions. LMFM utilizes institutional third-party equity and to date has raised more than $1 billion of total equity across multiple investment vehicles. For more information on LMFM, please visit: http://lmfm.com.

LMFM is looking for a Fund Strategy & Finance Analyst/Associate to join its growing real estate investment management business. This is a cross-functional position that will be working closely with the entire team, including senior leadership, and will encompass a variety of roles ranging from strategy, fundraising, investor relations, portfolio management, and fund operations. We are seeking a dynamic, versatile team player who can bring a broad mix of hard skills (e.g., financial modeling & analysis, valuations, etc.) and soft skills (e.g., storytelling & presentation building, investor relations, etc.) to all interactions.


Areas of Responsibilities:

Financial Modelling

  • Lead preparation of quarterly asset valuation models, ensure accurate cash flows by collaborating with team members, present results to senior leadership, and respond to questions on valuations and assumptions.
  • Maintain the fund model for each managed fund, including the roll up of individual asset models combined with the fund-level waterfall.
  • Perform variance analysis and identify relevant trends and themes as it relates to variances.


Financial & Fund Reporting

  • Prepare and compile quarterly fund reporting packages by collaborating with acquisitions, asset management, accounting, and fund administrators. Ensure accurate and timely delivery to investors.
  • Manage data and maintain data integrity within the quarterly investor reports and annual investor meeting.
  • Oversee quarterly financial reviews with fund administrators and oversee annual audit preparation work with auditors, including responding to inquiries and providing required data.
  • Collaborate with accounting, tax, fund administrators, and legal to maintain a tracker of all reporting requirements and ensure compliance with financial regulations and reporting requirements as well as answer ad hoc requests from lenders, investors and other stakeholders.
  • Maintain a tracker and ensure satisfaction of all fund reporting requirements and financial regulatory compliance requirements as well as answer ad hoc requests from lenders, investors and other stakeholders.


Investor Relations & Fundraising

  • Create investor decks and presentation materials for fundraising purposes.
  • Support the analysis of investment track record calculation.
  • Manage the legal and financial aspects of closing new fund investments in coordination with internal legal, external legal, fund administrators and other key stakeholders.
  • Assist with ad hoc investor information requests.
  • Calculate capital call and distribution amounts by investor, and review notices to be sent to investors.
  • Assist with annual K-1 reporting and tax return information requests.


Portfolio Management & Strategy

  • Assist with special projects and presentations for senior leadership, including gathering data, formulating analyses and analytics, and explaining trends and results.
  • Provide portfolio investment information to aid in the completion of business forecasts and other planning deliverables.
  • Manage and monitor fund cash balances and oversee third-party fund administrator’s cash payment processing.
  • Identify opportunities to design new and/or refine existing analyses and processes to improve the business’ operational capacity over time, including automation of reporting from various internal software platforms and creation of financial and operational reporting dashboards.
  • Assist with onboarding new software platforms and maintaining data accuracy in onboarded software.


Job Requirements:

  • Self-motivated and proactive with an established track record of getting things done effectively and independently.
  • Extremely versatile, accustomed to “wearing many hats” and shifting between them.
  • Ability to work in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a growing business.
  • A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines.
  • Excellent verbal and written communication skills. Confidence presenting to large group of individuals.
  • Strong organizational skills and attention to detail.
  • Strong financial modeling skills (Excel).
  • Strong Microsoft PowerPoint & Microsoft Word skills.
  • Bachelor’s degree in real estate, business, or finance preferred, but not required.


Years of Industry Experience Required:

  • 2-4 years of experience in one or more of the following areas, preferably with a focus on real estate: fund/portfolio management, asset management, finance, investment banking, or fund advisory,
  • Real estate private equity or fund background preferred, but not required.

LMFM offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

LMFM is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Other details

  • Pay Type Salary
  • Min Hiring Rate $100,000.00
  • Max Hiring Rate $120,000.00