CRE Asset Management – Associate

Responsibilities

• Provide ongoing loan surveillance, including the evaluation and tracking of key debt metrics, property performance, market and submarket trends, guarantor financial performance, review and approval of annual operating budgets, financial reporting, cash management.
• Compile Quarterly Asset Review (QAR) report to be reviewed by Investment Committee including:
• Attend borrower update calls and compile detailed notes on each asset performance within QAR document.
• Review IC memos for accuracy of information and note performance tracking on QARs
• Aid in LSR underwriting revisions for accuracy
• Review Costar/Axiometrics, etc. to update QAR market/submarket information
• Maintain and document within the QAR the progress of borrower business plans from loan closing through takeout.
• Aid in drafting clear and concise memorandums for modifications, future advances, waivers, extensions, collateral releases, loan paydowns or payoffs, lease approvals and consent requests that require investment committee approval.
• Partner with the Asset Management Team to assist/review borrower draw requests, major lease reviews and approvals and other portfolio monitoring initiatives.
• Compile settlement statements for extensions, modifications, etc. in preparation for closing.
• Coordinate with Third Party Servicers to obtain all necessary closing conditions.
• Provide document requests to Third Party Servicers to include:
• KYC information
• Missing document requests
• Asset level and loan level information
• Aid in REO-related tasks and approvals including but not limited to:
• REO Operating Account Opening
• Engaging third party reports
• Interviewing and recommending replacement property managers or leasing teams
• Update internal Box site for Third Party Servicers with Critical to Board documents once a new deal has closed.
• Work on special projects as necessary; prepare internal presentations as necessary for asset management team or senior management.
• Cook with investment partners to answer questions and provide updates, including;
• Payoff updates
• Modification & extension updates
• Loan maturity updates
• Remit report resolutions

Qualifications

• 4-6 years’ experience in commercial real estate equity or debt with asset management, underwriting or valuation experience required
• Must be able to work effectively with minimum supervision, work well under pressure, and handle multiple tasks/demands in an environment of changing priorities and tight deadlines
• Must be able to anticipate problems in the portfolio and proactively work to resolve issues before they occur.
• Strong technical and writing ability with exceptional organizational, interpersonal, and communication skills required
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management and an understanding of the ESG landscape as it relates to commercial real estate debt
• Ability to problem-solve and exercise independent judgement while displaying a high degree of initiative and accuracy
• Ability to interpret and understand complex debt structures and cash flow waterfalls
• Strong interpersonal skills to solidify and grow relationships with borrowers and brokers
• Proficiency in Microsoft Office, especially in Excel and Word, as well as web-based applications. Knowledge of Argus and Tableau a plus.

Benefits & Perks

• Comprehensive health insurance (medical, dental, vision) with medical premiums as low as $1 per month for employees and eligible dependents.
• Competitive 401(k) match with no waiting period.
• Charitable donation matching and professional development reimbursement available.
• Unlimited PTO
• Paid parental leave: 4 months for primary caregivers and 1 month for secondary caregivers.
• Wellness benefits including free on-site Playground gym access, stocked pantries, and in-office meal perks.
• Sound Point Social–sponsored events, including workout classes and volunteer opportunities.

Compensation

115,000 - 125,000 (base salary)