Commercial Real Estate Asset Manager

Overview

The Asset Manager is responsible for safeguarding assets by diligently managing an existing portfolio of loans secured by commercial income-producing properties. The responsibilities for this role are specialized in the analysis and assessment of risk associated with loans secured by Commercial Real Estate (CRE) deals.

Responsibilities

• Property-Level Analysis: Perform comprehensive underwriting by analyzing property operating statements, rent rolls, lease abstracts, and pro forma projections for various asset types (Multifamily, Industrial, Retail, Office, etc.).
• Financial Modeling & Risk Metrics: Calculate and analyze key real estate metrics including Net Operating Income (NOI), Debt Service (including adjustments for interest rate hedges), Debt Service Coverage Ratios (DSCR) and Loan-to-Value (LTV) to determine the borrower’s ability to meet current debt service obligations as well as refinance at maturity.
• Market Analysis: Evaluate the underlying real estate market fundamentals, including submarket conditions, vacancy and rental rate trends, new supply, and the assets competitive positioning within the market.
• Guarantor Analysis: Conduct in-depth analysis of individual and corporate guarantors, including a thorough review of personal/corporate financial statements, tax returns, liquidity, contingent liabilities and global cash flow from assets to assess their financial strength and capacity to support the debt.
• Risk Rating & Annual Reviews: Author clear and comprehensive credit approval memorandums that detail the loan structure, collateral, market condition, collateral competitive position in the market, key risks, and provide a well-supported recommendation for risk ratings based on property performance.
• Third-Party Report Review: Review and evaluate third-party reports, including property appraisals, environmental site assessments (ESAs), and property condition reports (PCRs).
• Compliance & Servicing Actions: Ensure borrower compliance with all loan covenants and reporting requirements. Analyze and process borrower requests for modifications, leasing consents, or collateral releases.
• Detail-Oriented: Meticulous in their review of financial data, written approval packages, leases, and third-party reports.
• Market-Aware: Passionate about real estate and stays current on market trends, transactions, and economic news.
• A Self-Starter: Able to work independently, problem solve, manage a pipeline of deals, and meet deadlines.
• Collaborative: Works effectively with relationship managers, credit officers, legal counsel, and clients to meet client needs, obtain information, assess risk, and proactively identify adverse trends or issues.

Qualifications

• Bachelor’s Degree or Military Experience
• At least 2 years of experience in credit underwriting, portfolio management or asset management
• Bachelor's degree in Finance, Real Estate, Accounting, or a related field (preferred)
• 2-4+ years of dedicated experience in commercial real estate credit analysis, underwriting, or asset management (preferred)
• Proven expertise in analyzing CRE property types, like Multifamily, Industrial, Retail or Office (preferred)
• Deep understanding of CRE valuation methodologies, interest rate hedging strategies, like swaps or caps, and key performance indicators, such as NOI, DSCR, LTV, Cap Rate or Debt Yield (preferred)
• Completion of a formal bank credit training program with a focus on real estate (preferred)
• Proficiency in ARGUS, CoStar, and other real estate-specific software platforms (preferred)
• Knowledge of CRE loan documentation and legal considerations (preferred)
• Advanced proficiency in Microsoft Excel and/or Google Sheets for financial modeling and analysis (preferred)
• Excellent analytical skills and situational awareness with an ability to identify and mitigate transaction-specific risks (preferred)
• Possession of strong written and verbal communication skills (preferred)