Analyst

About the role

Man Group's US Residential Debt team is seeking an experienced Analyst to support their multifamily focused direct lending strategy. This role will report directly to the Vice President, supporting the origination, underwriting, structuring, and asset management of structured credit transactions across the capital structure and risk spectrum.

This role focuses on transitional and construction loans across residential property types, including but not limited to multifamily, condominium, single-family rental, build-to-rent, townhomes, and office-to-residential conversions, with individual loans typically ranging from $25 million to $100+ million.

Specific Responsibilities

• Underwrite potential loan originations, including detailed analysis of borrower/sponsor strength, business plan feasibility, capital structures, and exit strategies

• Build and maintain detailed financial models incorporating cash flow analysis, draw schedule projections, sensitivity scenarios, and risk-adjusted return analysis

• Prepare and present investment committee memoranda with clear articulation of deal thesis, key risks/mitigants, return profile, and relative value

• Sourcing & Origination Support:

  • Assist in cultivating and maintaining relationships with borrowers, sponsors, brokers, co-lenders, attorneys, and other market participants
  • Participate in early-stage deal screening to identify and evaluate new investment opportunities consistent with the team's strategy
  • Contribute to market research and competitive landscape analysis to support sourcing and pricing decisions
  • Prepare and maintain weekly pipeline materials

• Due Diligence & Execution:

  • Lead and coordinate due diligence workstreams including sponsor/borrower assessment, property-level collateral analysis, market analysis, and review of third-party reports
  • Aid in structuring and closing of investments, including term sheet preparation, legal documentation review, and commercial negotiation

• Asset Management:

  • Develop a deep understanding of the exposures and associated risks across a portfolio of existing loans
  • Review and obtain approval for construction draw requests, coordinating with borrowers, third parties, and internal teams
  • Proactively monitor loan-level performance, including covenant compliance, business plan milestones, cash flow updates, valuation model updates, and monthly asset financial reporting
  • Identify and mitigate signs of credit deterioration and contribute to loss mitigation efforts where necessary

• Cross-Platform Collaboration:

  • Contribute to the other core investment strategies as needed:
  • Lender Finance Support underwriting and monitoring of lender finance facilities, including review of borrower/originator profiles, collateral eligibility criteria, and covenant compliance
  • Aid in borrowing base calculations, funding requests, and ongoing facility administration in coordination with counterparties and internal operations teams
  • Retail Whole Loan Purchasing Contribute to RTL underwriting workstreams, including collateral tape review, borrower and property-level analysis, and pricing support
  • Aid in evaluating credit performance across the RTL portfolio to inform ongoing acquisition and pricing decisions
  • Support the team's capital raising efforts by helping prepare marketing materials, coordinate due diligence, and respond to investor requests and questionnaires
  • Aid in compiling and analyzing portfolio performance data for ongoing investor reporting and ad hoc investor inquiries
  • Develop a working familiarity with the team's fund structures and investor base to support relationship management effort

Key Competencies

• Bachelor's degree required, preferably in finance, real estate, economics, or a related field
• 1 - 4 years of relevant experience in commercial real estate debt, preferably with direct exposure to transitional or construction lending on residential assets
• Advanced proficiency in complex financial modeling and Microsoft Office (Excel, PowerPoint, and Word)
• Experience with commercial real estate underwriting and valuation is strongly preferred; familiarity with residential whole loans (RTL, DSCR) or lender finance is a plus
• Proficiency with Python is a plus
• Strong written and verbal communication skills; ability to distill complex investment theses into clear, concise IC materials
• Detail-oriented and organized, with the ability to manage multiple workstreams simultaneously in a fast-paced environment
• Self-motivated, intellectually curious, collaborative, and comfortable working in a growing platform with a flat team structure

Pay and Benefits

The anticipated based salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant.

US Pay Range: $125,000 USD - $150,000 USD

Inclusion, Work-Life Balance and Benefits

You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry.

You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering. Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.

Equal Employment Opportunity Policy

Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws.