posted May 6, 2026
Compensation: $105,000 to $115,000 per year
What's in it for you...
- Insurance enrollment available from DAY 1!
- Paid time off available from DAY 1!
- Holiday pay available from DAY 1!
- 401(k) enrollment after 30 days!
- Hotel and travel discounts at worldwide destinations!
- Professional development and promotion opportunities!
Position Overview
First Investors is seeking an Asset Management Associate to support the ownership and asset management of a growing hospitality portfolio. Based in Chicago, this role will work closely with the Vice President of Asset Management to monitor property performance, maintain financial models, support capital planning, assist with investor reporting, and provide analytical support for strategic asset decisions.
This position is ideal for a detail-oriented analyst with commercial real estate finance experience, strong financial analysis skills, and the ability to understand hotel operating performance. The Asset Management Associate must be comfortable working with financial statements, updating financial models, and managing multiple priorities.
Key Responsibilities
Portfolio Performance and Financial Analysis
Analyze operating performance against underwriting, budget, forecast, and prior year results.
Identify trends, risks, and opportunities that may impact asset value, cash flow, investor returns, or business plan execution.
Prepare recurring portfolio updates, variance summaries, and performance reporting for review by the Vice President of Asset Management.
Support analysis related to revenue, expenses, labor, flow through, margins, debt service, reserves, and ownership returns.
Hospitality Financial Modeling
Create, monitor, and update financial models for existing assets.
Maintain property level cash flow models, valuation models, debt and covenant tracking, and capital expenditure models.
Update model assumptions based on actual performance, revised forecasts, capital plans, refinancing activity, or market changes.
Run sensitivity analyses, scenario models, and return projections to support asset level decisions.
Ensure models are accurate, organized, clearly documented, and ready for senior leadership review.
Capital Planning and Project Tracking
Track capital expenditure budgets, actual spend, timing, draw packages, and project status across assigned assets.
Support monitoring of property improvement plans, brand requirements, renovation scopes, and furniture, fixtures, and equipment reserve activity.
Maintain centralized capital expenditure trackers and identify budget variances or timing risks.
Assist with the preparation of materials related to capital approvals, refinancing, recapitalizations, dispositions, and other ownership decisions.
Investor and Ownership Reporting Support
Assist with quarterly investor reporting, ownership updates, distribution analysis, and platform uploads.
Prepare ownership presentations, asset updates, and investment materials.
Support reporting needs for lenders, capital partners, joint venture partners, and internal leadership.
Ensure reporting is accurate, timely, consistent, and aligned with investor expectations.
Cross Functional Coordination
Serve as an analytical resource for asset management requests involving dispositions, refinances, recapitalizations, capital events, and strategic asset decisions.
Coordinate information requests across Investments, Accounting, Operations, Legal, Information Technology, and external partners.
Maintain centralized portfolio trackers, files, models, and reporting templates.
Support special projects assigned by the Vice President of Asset Management.
Required Qualifications
3 years or more years of analyst experience in commercial real estate finance, asset management, investment analysis, hospitality finance, investment banking, or a related financial analysis role.
Bachelor’s degree in finance, Real Estate, Accounting, Economics, Hospitality, Business, or a related field.
Strong ability to read, understand, and analyze financial statements.
Experience building, updating, and maintaining financial models.
Strong Excel skills, including formulas, scenario analysis, and model organization.
Solid understanding of commercial real estate finance concepts, including cash flow, debt service, valuation, capital expenditures, investor returns, and budget variance analysis.
Ability to manage multiple projects, deadlines, and requests at the same time.
Comfortable working independently while knowing when to escalate issues.
Strong attention to detail, accuracy, and follow-through.
Strong written and verbal communication skills.
Core Competencies
- Financial Acumen
- Understands financial statements, operating results, investment models, and the key drivers of asset value.
- Ownership Mindset
- Takes responsibility for accuracy, deadlines, and quality of work. Follows through without needing excessive direction.
- Analytical Thinking
- Uses data, trends, and financial models to identify risks, opportunities, and practical recommendations.
- Detail Orientation
- Produces accurate work, maintains organized files and models, and checks assumptions before sharing analysis.
- Prioritization
- Manages multiple requests and shifting priorities while staying focused on the most important business needs.
- Communication
- Explains financial information clearly and professionally to internal teams, senior leaders, and external partners.
Success Measures
- Financial models are accurate, current, and ready for leadership review.
- Portfolio trackers are maintained consistently and reflect current asset performance, capital activity, debt information, and key deadlines.
- Budget variance, capital expenditure, and performance analyses are completed on time and with minimal rework.
- Investor and ownership materials are clear, accurate, and professionally prepared.
- The Vice President of Asset Management has timely analytical support to make informed asset decisions.
- Cross functional requests are handled with urgency, accuracy, and professionalism.
About First Investors
First Investors is a Midwest-based hotel ownership group headquartered in Chicago. The company focuses on disciplined hospitality investment, thoughtful asset management, strong partner relationships, and long term value creation across its portfolio. The Asset Management Analyst will play an important role in helping the team monitor performance, protect asset value, and support informed ownership decisions. Equal Opportunity Employer.
Current Job Openings
First Hospitality
Corporate Office
ABOUT FIRST HOSPITALITY
At First Hospitality, our mission is to care for you on our journey together.
Founded in 1985, First Hospitality has curated a forward-thinking reputation. Successfully investing and managing hotels throughout the country, our passion for harnessing data to plan ahead means we don’t just follow industry trends, we create them. This means creating value for our investors, opportunity for our employees, comfort for our guests, and trust for our partners.
First Hospitality is focused on achieving together through integrity, caring service, leadership, ownership, teamwork, full living, and inclusivity and social good. We're thrilled for all we've achieved and believe we're still building our legacy of success.
JOIN THE TEAM!
First Hospitality believes we do better when you do better. That's why we're committed to helping you build a future through comprehensive training and extensive career development opportunities. We provide all employees with competitive wages, benefit enrollment options from the first day of employment, paid time off from the first hour worked, holiday pay, 401(k) retirement savings, and more!
