Position: Associate - Investments

Department: Investment Team

Reports To: VP/Dir - Investments

Employment Status: Full-Time, Hybrid

Office Location: 22 Vanderbilt - New York, NY

Emigrant Partners Overview:

Emigrant Partners ("EP") is a long-term capital and advice partner that makes minority investments into wealth and alternative asset management firms. We act as a comprehensive capital partner to leading firms by providing long-duration capital and growth support through our strategic advice. As one of the earliest minority investors in the space, EP's 21 partner firms include industry leaders that collectively advise on approximately $125 billion of assets. EP's structure enables it to be invested in firms for 10+ years, allows them to remain independent and empowers founders and the next generation to continue running the day-to-day operations of the firm. EP affords the opportunity to be part of an ambitious, dynamic, tight knit, and entrepreneurial team with a pristine reputation and strong track record. EP is owned by Emigrant Bank, which is led by Howard P. Milstein and the Milstein family.

Job Description:

EP is looking for a talented Associate to join the Investments team with responsibility for both working on new direct investments as well as supporting our partner firms on their M&A activity. The candidate will be expected to monitor industry trends, review investment opportunities, participate in transaction diligence, build and maintain financial models, assist in transaction negotiations, and execute new investments. The candidate will also be expected to develop relationships with our existing partner firms and serve as a trusted advisor and partner in their execution of tuck-in acquisitions.

Responsibilities:

Screen investment opportunities for both EP and EP's partner firms
Interface directly with prospective targets and partner firms to support sourcing, diligence, and ongoing relationship management
Develop comprehensive financial models including operating models, LBO and investment models, scenario analyses, merger accretion/dilution, exit analyses, and ad hoc projects
Support all phases of the transaction lifecycle including due diligence, structuring, and negotiation
Review and analyze company historical performance and projections and determine reasonableness of adjustments and valuation assumptions
Build investment memos synthesizing qualitative and financial analyses to support investment decisions
Monitor existing partner firms and contribute to project-based value creation initiatives, collaborating with cross-functional teams across finance, operations, and strategy
Create internal presentations including quarterly market updates and portfolio company analyses
Contribute to the continuous improvement of internal processes, tools, and best practices

Qualifications:

3-5 years of experience, with a background in private equity or investment banking
Experience advising and/or investing in the wealth & asset management sector is helpful, but not required
Demonstrated track record of contributing to closed transactions from the buy-side, sell-side or both
Excellent financial modeling, analytical, and research skills
Self-starter with a strong work ethic, problem-solving mindset, and eagerness to learn
Highly adaptable and capable of working independently
Strong interpersonal and communication skills, with exceptional attention to detail
Demonstrated passion for investing and interest in wealth and alternative asset management

The job description outlined above is considered a core list of job duties/requirements. This document should not be considered a complete or comprehensive list. The incumbent assigned to this position is required to perform the duties listed above. The incumbent is also expected to adapt to changes and/or additions as needed. Nothing contained within this document is intended or shall be construed to create or constitute a contract of employment between any employee or group of employees and Emigrant Bank and its Subsidiaries. Emigrant Bank and its Subsidiaries retains and reserves any and all rights to change, modify , amend, add to or delete from any section of this document as it deems, in its judgment, to be proper.

New York pay range

$250,000—$300,000 USD

Emigrant Partners

New Jobs

Associate - Investments