Salary

Overview

Post Acute Partners Management (PAPM) is seeking an Associate of Portfolio Management & Transactions. Experience in the health care space is highly regarded

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

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Employee Perks!

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.

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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.