Director-Credit and Asset Management

Job Summary

The Director of Credit and Asset Management will oversee a diverse and expanding portfolio of complex debt investments secured by commercial real estate, including construction and operational assets.

Responsibilities

• Analyze complex loan documents to ensure accurate implementation of loan terms across individual assets
• Work with internal departments to facilitate precise asset servicing and prompt reporting
• Oversee the draw process, ensuring compliance with credit document conditions for construction, leasing, and capital expenses
• Manage the funding process in collaboration with lenders, their syndicates, co-lenders, and other financial parties
• Evaluate lease proposals, creating recommendation reports for clients
• Engage with external consultants, including legal experts, title agents, brokers, and construction advisors
• Employ various technologies and applications to monitor property, borrower, and asset performance, conducting portfolio-level reviews
• Organize and scrutinize monthly financial statements from borrowers and other required reports
• Oversee the collection and examination of annual operating and capital budgets
• Assess ongoing performance of operational properties through analysis of Rent Rolls, Operating Statements, and Collections
• Verify proposed cash management distributions to ensure correct adherence to cash flow waterfalls
• Routinely check for covenant compliance based on loan document criteria (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio)
• Generate and maintain monthly asset reports and quarterly performance analyses
• Cook up with the tax and insurance team to oversee insurance coverage, tax payments, and escrow obligations
• Approve annual operating and capital budgets, as well as tenant lease proposals
• Mentor financial analysts, fostering their professional development

Required Qualifications

• Bachelor’s degree in finance, Accounting, Real Estate or related discipline required
• 7+ years of experience in asset-based finance or structured credit with an asset management firm, private equity firm, lender, owner / operator, servicer, rating agency, investment bank or broker is preferred
• Strong analytical skills with demonstrable experience in analyzing quantitative and qualitative research
• Excellent in clear and effective communications with the ability to engage with a diverse range of stakeholders
• Motivated to excel in a collaborative, fast-paced environment, working with competing deadlines
• Robust attention to detail
• Demonstrates curiosity, with a commitment to continuous improvement
• Advanced skills in Excel