Angelo gordon AM opportunity - Need advice!

lluuwang's picture
Rank: Monkey | 52

Having an opportunity at AG's AM group for their opportunistic fund. The job description is vague, but can anyone share some insights on what their AM group does? Is it operational level or strategic level AM? And will it help with transition to the acquisition group?

Below is the job description:

All candidates for this position must have excellent Excel modeling skills and be able to prepare and review complex underwriting, valuation and projection models for all real estate asset classes.
*The Financial Analyst will also work closely with various members of the real estate deal team, firm's real estate joint-venture operating partners, third-party advisors and consultants, the firm's finance and accounting teams and executive management.

Much appreciated!

Comments (7)

Nov 17, 2016

My 2 cents, with a firm like AG is that it is strategic. Could be wrong for whatever reason, but it is likely I am right.

Nov 17, 2016

That's what I think too. Will it help with transition to the acquisition group? It seems it does work on deal underwriting based on the description..

Nov 17, 2016

What do you guys mean operational vs strategic?

It's a opportunistic fund meaning it will be ground up development or value-add. So there will be an operating partner and it will not be wholly owned. AG's position in the capital stack will be LP meaning they will likely only be approving budgets, leases and the exit and not really doing much else. Is this what you're referring to as "strategic"? If so I don't even understand mentioning it because it's implied by the fund strategy.

I would be more worried that it's a portfolio management job meaning hands off and no asset level decision making (lease, budget, exit). If this what you're referring to as "strategic" Asset Management I wouldn't call it asset management at all. I would call it "portfolio management".

Nov 17, 2016

I would be more worried that it's a portfolio management job meaning hands off and no asset level decision making (lease, budget, exit).

I think this is spot on - but most funds will retain control of certain major decisions (reviewing and approving budgets, approving major leases, discussing asset-level strategy with the operating partner, control over exit), so you could do worse for an early job.

Nov 17, 2016

Right and the guys making and analyzing those decisions are "Asset Management". If they are not doing that then it's probably "portfolio management". That's what I was trying to explain.

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Best Response
Nov 17, 2016

Also, just a tip in RE "financial analyst" usually (not always) means accounting / PM, etc. Most firms have pretty specific job titles for investment and finance jobs (acquisitions analyst, Asset Management analyst, capital markets analyst or just vanilla "analyst"). Just my experience from getting excited earlier in my career with recruiters saying there is a "financial analyst" job at a REIT and then I would find out it's basically an accountant.

Nov 17, 2016