VP, CRE Asset Management Services

About the role

This role is responsible for performing independent end-to-end management of construction and reserve draw requests for a diverse portfolio of loans, sponsors and clients across all commercial real estate property sectors. You will process borrower consents, financial analysis, and other ad-hoc asset management duties within the contracted scope of service, while overseeing junior staff performing these functions. The position involves high-level interaction with asset management and loan management teams to deliver accurate, timely, and consistently high-quality deliverables.

Responsibilities

• Ensure tasks assigned to team members are completed in a timely manner while adhering to all internal control requirements, audit standards, and client service levels.
• Perform QC of junior team members’ work product to ensure SitusAMC’s high standards for quality, accuracy, and completeness.
• Manage client expectations and serve as an initial point of contact for process clarification and project coordination.
• Supervise and mentor junior team members, fostering a culture of collaboration, accountability, and continuous improvement.
• Review draw packages for accuracy, coordinate receipt of missing information from borrowers, confirm all disbursement conditions are satisfied per loan documentation, and communicate deficiencies to the Lender.
• Manage borrower consent requests, including document collection, package confirmation, and coordination of approval with co-lenders.
• Monitor capital sources and uses to confirm the loan remains in balance and coordinate resolution of imbalances with the Borrower.
• Review TI/LC allowances and change orders to confirm compliance with loan documentation and leases.
• Analyze and prepare recommendations for Lender approval on construction or disbursement items noted in loan documents.
• Review invoices and lien waivers.
• Order and review inspection reports and title updates/endorsements/date downs.
• Update budget trackers and confirm minimum hard and/or soft cost contingencies remain at or above required levels.
• Collaborate with team members and other departments to ensure timely and accurate client deliverables.
• Correspond with Sponsors/Borrowers for updates on property-level items such as capital expenditure projects, leasing progress, and construction status.
• Assist leadership in monitoring key performance indicators (KPIs) to determine adherence to service level agreements (SLAs) and identify areas for improvement.
• Escalate non-compliant issues to senior leadership and provide support for resolution.
• Build and maintain strategic client relationships as a trusted advisor and escalation point.
• Lead, mentor, and manage a high-performing group of asset management services professionals.
• Collaborate with all functional verticals and respective leaders to execute strategic goals and initiatives.
• Influence adoption of new software applications, processes, and manage testing for new technology deployments.
• Perform other activities as assigned by your manager.

Requirements

• Bachelor’s degree; preferred fields of study: real estate, finance/accounting, business, or equivalent combination of education and experience.
• Minimum of 8+ years of industry and/or relevant experience, typically with 2+ years in an AVP-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, NPV, DSCR, DY, NOI/NCF.
• Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties).
• Basic knowledge of complex debt positions (participations, syndications, CLOs, senior and mezzanine debt, warehouse and repo lines).
• Ability to create complex financial models in Excel or similar programs and demonstrate strong analytical skills.
• Excellent written and verbal communication skills; ability to engage and present to stakeholders at all levels.
• Excellent problem-solving and decision-making skills; ability to address complex issues and provide clear recommendations.
• Ability to lead and contribute to a high-performing team in a fast-paced, high-volume environment.
• Strong Microsoft Office Suite skills (Word, Excel, PowerPoint, Outlook).
• Experience with industry-related technologies such as Enterprise! McCracken Strategy, LSTA, Misys, and/or Backshop is a plus.

Pay

The annual full-time base salary range for this role is $115,000.00 - $130,000.00. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location, and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines and management approval.

Benefits

• Paid time off (PTO) and paid holidays.
• Eligibility to participate in various benefit plans, including medical, dental, vision, life, and disability insurance.
• 401K retirement plan.