LaSalle Overview
LaSalle Investment Management (“LaSalle”) is one of the world’s leading real estate investment managers. With the sole focus of investing in real estate, the firm brings a unique depth of expertise to the sector. The primary objective is to deliver competitive investment performance while striving to achieve the highest levels of client service.
With approximately $69 billion of private and public equity and private debt investments under management (as of Q3 2020) and over 850 people in 15 countries worldwide, LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe.LaSalle’s investment products include separate accounts, open and closed-end funds, public securities, and mutual funds.LaSalle is a wholly-owned member of Jones Lang LaSalle (NYSE: JLL), a Fortune 500, investment-grade rated company with $9.1 billion of fee revenue. LaSalle's investment teams draw on the intelligence and resources of the parent company, giving unique access to market opportunities and key industry leaders.LaSalle Americas accounts for $22 billion in assets under management. LaSalle Americas has closed over $18 billion in real estate private equity transactions over the past five years, ranging from Core to Opportunistic, across all major property types and in all of the top geographic markets in the U.S. and Canada.
Position Overview
The LaSalle Employee Co-Investment Program is a newly created, critical, and strategic program at LaSalle. We are looking for a successful candidate who will assist in managing the program and on-going operations. This individual will act as one of the program experts with visibility into all employee co-investment activities to ensure effective delivery and service, as well as act as the key point of contact for our cash management function. Based in Chicago, the firm’s global headquarters, this position reports directly into the Vice President of the LaSalle Employee Co-Investment Program, which is overseen by the Head of Co-Investment. This position offers valuable opportunities for the candidate to learn about the various business platforms, products and operations at LaSalle. Additionally, this role will require extensive partnerships with colleagues in multiple functions across the globe, ultimately building a remarkable professional network for the candidate.
Key Responsibilities
(mentioned below, but not limited to)
- Assist in all banking and cash management functions including understanding Program Structure with 20+ bank accounts, arranging investment funding, tracking incoming repayments, bank reconciliations and ledger entries.
- Monthly bank reconciliations and monthly cash/loan journal entries (booked via Peoplesoft); booked in-line with JLL’s monthly close calendar (all journal entries booked by business day 3)
- Work with JLL Accounting as necessary to resolve any out-of-balances between LaSalle’s loan balance and JLL’s loan balance
- Additional monthly journal entries for equity amounts received (also booked in-line with JLL’s monthly close calendar)
- Provide certain employee loan information to CFO on quarterly basis to allow for Black Scholes calculation
- Understand employee co-investment accounting in order to serve as a reference for others
- Provide administration services of the employee co-investment program, including capital calls, distributions, interest calculations, NAV calculations, and quarterly / year-end reporting
- Book interest accruals on a quarterly basis & provide information to the relevant teams (Anne Chan’s team, JLL) regarding balances to allow for proper presentation
- Manage the relationship and process for approvals with internal lenders and corporate entities.
- Ensure information provided to employees is complete, accurate and available on a timely basis via the Employee Investor Portal
- Produce monthly, quarterly, and annual reporting requirements, including reconciliations, analysis, and program-specific reports
- Support the launch of new co-investment opportunities offered through the program
- Serve as point of contact for all employee questions regarding the program, including management of a dedicated Employee Co-Investment inbox as well as sending out company-wide communications.
Qualifications
- Bachelor’s degree in accounting, Finance, Economics, Business, or related field
- 6-9 years of relevant work experience preferred
- CPA designation is preferred
- High level of energy combined with a sense of accountability for driving results, proactive and takes initiative
- Unquestionable ethics and integrity; must maintain confidentiality to the highest degree.
- Collaborative by nature; willing and able to build and sustain strong working relationships both internally and externally
- Effectiveness in reviewing own work to achieve high levels of accuracy and extremely organized multi-tasker
- Ability to understand accounting systems and embrace technology initiatives
- Proficient with MS Office, including Word, Excel, Outlook, and PowerPoint
