Associate, Asset Management

About the role

This role requires strong real estate and credit judgment and spans post-closing business plan execution, borrower requests, extensions, modifications, workouts and resolution.

Responsibilities

• Manage a portfolio of commercial real estate loans by reviewing borrower reporting, monitoring performance against underwriting and business plans, and maintaining asset-level models and valuations
• Identify emerging credit, operational, sponsorship and market risks; maintain risk ratings and watchlists; and recommend actions
• Review loan documents and monitor covenants, extension conditions, reserves, cash management, reporting requirements and maturities
• Evaluate borrower requests, including extensions, modifications, draws, reserve releases and other lender consents
• Manage borrower and sponsor relationships and prepare asset-level reporting and recommendations for senior management and investment committees
• Collaborate with RRA's Underwriting, Originations, Capital Markets, Loan Servicing, Finance and Legal teams throughout each investment
• Support workouts, foreclosure and REO analysis, property inspections, market research and portfolio valuations

Requirements

• 3-5 years of commercial real estate experience, preferably in debt asset management, underwriting, lending or acquisitions
• Experience underwriting or managing performing commercial real estate loans; floating-rate bridge or transitional loan experience preferred
• Non-performing loan, workout or equity real estate experience is a plus
• Experience underwriting multiple property types and value-add business plans preferred
• Strong commercial real estate underwriting and financial modeling skills, including advanced Excel proficiency
• Familiarity with commercial real estate loan documents and lender protections

Qualifications

• You should have:
• 3-5 years of commercial real estate experience, preferably in debt asset management, underwriting, lending or acquisitions
• Experience underwriting or managing performing commercial real estate loans; floating-rate bridge or transitional loan experience preferred
• Non-performing loan, workout or equity real estate experience is a plus
• Experience underwriting multiple property types and value-add business plans preferred
• Strong commercial real estate underwriting and financial modeling skills, including advanced Excel proficiency
• Familiarity with commercial real estate loan documents and lender protections

Skills

• Enjoy owning investments after closing and developing a deep understanding of the credit and underlying real estate
• Comfortable monitoring a well-performing loan, evaluating a borrower request or working through a developing issue
• Wears multiple hats within Asset Management and values the opportunity to build deep expertise and responsibility in the function
• Thinks like both a lender and an owner and takes pride in active asset management
• Intellectually curious and wants to understand what is driving an asset's performance
• Identifies issues early and develops clear recommendations
• Takes ownership and communicates directly with borrowers and sponsors
• Moves comfortably between detailed underwriting, loan-document analysis, portfolio monitoring and higher-level investment judgment
• Enjoys cross-functional collaboration and is proactive, reliable and highly accountable

Benefits

• Base salary commensurate with experience and discretionary performance bonus
• Benefits include medical insurance, 401(k) with employer match and unlimited PTO