Associate, Asset Management

About the role

SitusAMC is looking for an experienced individual to assist in the management of a portfolio of highly structured commercial real estate loans. The role involves day-to-day management of assigned loans, processing borrower requests and consents, analyzing property financials, preparing and submitting loan portfolio updates, and monitoring loan-specific events and triggers.

Responsibilities

• Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors
• Processing of borrower requests and consents
• Analyze property financials and report property/loan performance to Lenders/Investors on a quarterly basis via a Quarterly Asset Report (QAR)
• When applicable, correspond with Sponsors/Borrowers for updates on any property-level concerns, including Capital Expenditure Projects, leasing progress, Construction Status and overall performance
• Prepare and submit weekly loan portfolio updates identifying all relevant issues, discussions and events that occurred during the week
• Monitor loan specific events and triggers
• Such other activities as may be assigned by your manager

Requirements

• Bachelor’s degree preferred in fields such as real estate, finance, accounting, business or equivalent combination of education and experience
• Experienced professional with 5+ years of industry and/or relevant experience, typically at a Senior Analyst or Analyst level role or external equivalent
• Proficiency with major property types (office, industrial, retail, multifamily) and basic knowledge of specialty property types (hotels and condominiums)
• Basic knowledge of advanced CRE principles including underwriting, loan servicing and treasury practices
• Proficient with common CRE calculations and concepts: IRR’s, NPV, DSCR’s, DY, NOI/NCF
• Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties) and complex debt positions (participations, syndications, CLO’s/CDO’s)
• Basic Knowledge of complex debt positions (senior and mezzanine debt, warehouse, and repo lines)
• Ability to create complex financial models
• Ability to make sound decisions and work independently on projects
• Ability to work in fast-paced environment running multiple tasks under tight deadlines
• Excellent reading and comprehension skills
• Ability to communicate effectively both written and verbal
• Strong organizational and time management skills
• Advanced knowledge of MS office suite including outlook, excel, power point and word

Qualifications

The annual full time base salary range for this role is $75,000.00 - $100,000.00. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Benefits

All full time employees are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.