AVP, Asset Management

About the role

This role assists in the management of a portfolio of highly structured commercial real estate loans, while adhering to company policies and procedures, and managing client relations.

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 and report loan specific events and triggers
• Review and process construction draws
• Such other activities as may be assigned by your manager

Qualifications/Requirements

• Bachelor’s degree; preferred field of study: real estate, finance/accounting, business or equivalent combination of education and experience
• Minimum of 6+ years of industry and/or relevant experience, typically with 1+ years in a Senior Associate level role or external equivalent
• Experience in commercial real estate and debt or equity asset management preferred
• Proficiency with major property types (office, industrial, retail, multifamily)
• Basic knowledge of specialty property types (hotels and condominiums)
• Proficiency with 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 in Excel or similar programs
• 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
• Strong organizational and time management skills
• Advanced knowledge of MS office suite including outlook, excel, power point and word