REO Associate

KKR is a leading global investment firm offering alternative asset management, capital markets, and insurance solutions. KKR aims to generate attractive investment returns through a patient and disciplined investment approach, leveraging world-class people and supporting growth in its portfolio companies and communities.

About the role

K-Star is seeking an enthusiastic, intelligent, and diligent professional to join the Special Servicing Asset Management team as an analyst. This position involves managing commercial real estate properties where title acquisition via foreclosure or deed-in-lieu is imminent. The Properties may be part of the direct lending portfolio or the securitized asset portfolio, encompassing various commercial property types across the United States. The ideal candidate will provide pre-acquisition due diligence, vendor engagement, property management, leasing analysis, and exit strategy recommendations, all while adhering to K-Star policies and practices and complying with servicing agreements and standards.

Roles and responsibilities

• Work with Asset Managers on the recommendation for foreclosure, deed-in-lieu, or receivership selection and appointment, and complete requisite due diligence.
• Gain property and market intelligence through site visits, broker tours, and feedback.
• Review periodic reporting to ensure the Properties are being properly managed and meet reporting requirements.
• Analyze potential leases and present recommendations for approval.
• Review and prepare recommendations for capital expenditures received from third-party managers/receivers.
• Collect market research and collaborate with the Special Servicing team on Hold/Sell analyses.
• Interface with brokers, property managers, construction consultants, and other third-party consultants on leasing matters, capital budgets, and development plans.
• Assist with identifying broker candidates, reviewing BOVs, and conducting due diligence requests.
• Play an integral role in Property disposition efforts, including traditional marketing, auctions, and working with selected brokers on marketing efforts and buyer selection.
• Participate in special projects to implement and optimize new technologies supporting the K-Star platform.

Qualifications

• Bachelor’s degree, preferably in Business, Finance, or Real Estate, or equivalent experience in commercial real estate asset management, real estate investment banking, CMBS bond investing, or real estate finance.
• Two or more years of related work experience in commercial real estate asset management, preferred.
• Fundamental knowledge of commercial real estate, fixed income, and general financial concepts.
• Superior analytical and financial modeling skills.
• Excellent organizational and communication skills.
• Exceptional attention to detail and thoroughness to ensure accuracy in all data and work product.
• High proficiency with Microsoft Excel, Word, PowerPoint, and Outlook; Argus a plus.
• Team player with collaborative and strong relationship-building skills, able to work independently and reflect KKR’s culture and core values.
• Willingness to travel as needed.

KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law. KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email Benefits@kkr.com. Emails sent for unrelated issues will not receive a response. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation by sending an email to Benefits@kkr.com. Only emails left for this purpose will be returned. Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. This notice applies only to applicants and employees who work or will work in Massachusetts, in accordance with applicable state law.