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Harris Blitzer Sports & Entertainment

Harris Blitzer Sports & Entertainment

Investment Associate

Harris Blitzer Sports & Entertainment - Director
Newark · NJ · Hybrid
Finance & Accounting · Accounting/Finance other
$225,000 - $250,000 / year
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WHO WE ARE:
Founded by Josh Harris and David Blitzer, Harris Blitzer Sports & Entertainment (HBSE) includes in its portfolio the Philadelphia 76ers, the New Jersey Devils, Prudential Center in Newark, N.J., the Delaware Blue Coats, the Utica Comets and a variety of other sports and entertainment properties. Led by some of the best and brightest minds in the industry, HBSE positions itself as a pioneering and innovative global sports and entertainment business enterprise. We also strive to positively impact the local communities in which we operate through the powerful platform of sports.  HBSE offers an energetic work environment built on collaboration, growth and a quest to excel in everything we do.

As part of its portfolio, Prudential Center in downtown Newark, N.J. annually hosts more than 200 games, concerts, family shows and special events and is a top-5 ranked sports and entertainment venue in the U.S. by Pollstar and Billboard. It is home to the New Jersey Devils, a renowned NHL franchise with three Stanley Cup championships and a proud, passionate fan base.  HBSE also owns the NBA’s Philadelphia 76ers, one of the most storied franchises in American sports, having won three championships led by some of the most iconic athletes in NBA history.


OUR COMMITMENT TO INCLUSION:
At HBSE, we are dedicated to hiring the best talent from the communities where we live, work and play – across all groups and levels; supporting and developing every employee to reach their potential; and creating an inclusive environment that allows team members to bring their true authentic selves to work.


POSITION SUMMARY:
Harris Blitzer Sports and Entertainment is seeking an Investment Associate to join our team. The ideal candidate has a bachelor’s degree in finance in addition to 3+ years of experience, preferably in investment banking or like experience. The Associate will support and lead the evaluation and execution of investment and corporate development activities, including strategic investments, financial planning and analysis, acquisitions, vendor and business partner diligence and selection, joint ventures, and capital raising. Responsibilities include internal and external financial reporting, deal-sourcing, due diligence, negotiations, structuring, valuation and transaction process management.

RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED TO:
  • Identify and lead any new business case development projects on potential strategic opportunities; develop business cases on potential transactions, evaluate strategic fit, financial returns and risks, and present business cases.
  • Provide financial analysis in support of business development activities
  • Assess inbound technology opportunities for investment, strategic partnership or vendor opportunities.
  • Oversight and asset management of existing and future investments
  • Assist with the identification and assessment of growth and expansion opportunities; develop enterprise and business unit-specific M&A strategies.
  • Lead the activities to evaluate and execute mergers, acquisitions, joint ventures and strategic investment opportunities; evaluate, plan and execute transactions, develop optimal structure, develop and support valuations, negotiate terms, coordinate and lead due diligence process.
  • Provide financial support and reporting across planning, budgeting, forecasting and long-range planning
  • Create and maintain internal benchmarking databases and reference guides.
  • Support capital raising activities and post-close interaction with lenders and investors, including creation of investor and lender presentations, data rooms, drafting documentation and supporting post-close operational processes (e.g., compliance certificates and other deliverables)
  • Monitor industry trends, attend relevant conferences and maintain external relationships, work closely with leadership to understand strategic priorities, and maintain deal pipeline report for senior management.
  • Other duties as assigned
 
QUALIFICATIONS:
  • Appropriate education credentials: Bachelor’s degree in finance preferred.
  • Previous experience in investment banking preferred with a focus on media & entertainment, sports and technology industries.
  • Must possess strengths in verbal and written communications; able to adapt communications/presentations and deliver clear and concise reports and analysis to senior management.
  • Highly proficient in Excel, PowerPoint, and Word; experience with Copilot or other Artificial Intelligence tools a plus.
 
WORKING CONDITIONS:
  • Travel Requirements: May be required to travel occasionally including between HBSE’s various offices; trips may require air travel and/or overnight stay.
  • Work Environment: This position generally requires that work primarily be performed from the NJ Devils office in Newark, NJ. Must be able to work a flexible schedule, including nights, weekends, and holidays as needed.
  • Physical Requirements: Must be able to move up to 10 pounds.

COMPENSATION AND BENEFITS:
The pay range for this position at commencement of employment is expected to be between $225,000 and $250,000/year. Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position also will also include other elements, including: eligibility for an annual discretionary bonus.

This position will be an “at-will position” and the Company reserves the right to modify base pay (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

The benefits package for the position may include the following, subject to the terms of the then-in-effect Company policies, plan documents and other eligibility criteria: 

  • Medical/Dental/Vision/Flexible Spending Accounts 
  • Pretax Transportation Benefit
  • Generous Parental Leave policies
  • 401K (with a company match after 1 year of service)
  • Generous Paid Time Off policies
  • 13 Paid Holidays
  • ½ Day Summer Fridays
  • Complimentary or Discounted Sports & Concert Tickets
  • On Site Fitness Rooms
  • Other League & Partner Discounts
Details of participation in these benefit plans will be provided if a candidate receives an offer of employment.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, age, disability, gender identity, marital or veteran status, or any other protected class.
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