Pelium Real Estate Asset Management, LLC ("Pelium") is a leading asset management platform fully dedicated to supporting Apollo's Global Management's commercial real estate financing business in the United States.
Member of the Pelium Asset Management team that is responsible for managing, monitoring and reporting on the performance of a $35B+ portfolio of transitional and stabilized commercial real estate loans across a wide variety of asset classes. This role will involve working closely with senior professionals on Pelium's Asset Management team to deliver accurate, timely and consistently high-quality credit surveilance, asset management, and reporting services. Candidates should possess strong analytical skills, advanced Excel skills and at least a basic understanding of real estate finance, including terminology and performance metrics.
Position requires in office three days per week.
Essential Job Functions:
- Reconcile and review various reports including monthly portfolio statistics, remittance reconciliations, and quarterly asset reports as required to ensure Situs high standards are achieved in terms of quality, accuracy and completeness
- Monitor the collection of required financial reporting from Borrowers; including, but not limited to, property operating statements (Income statements, balance sheets, aged receivables), rent rolls, STR reports, and guarantor/borrower financials
- Aggregating and compiling property level information into portfolio-wide statistics and presentation materials.
- Assist Asset Managers with quarterly lender reports, including inputting financials, updating rent rolls, and obtaining updated market information.
- Maintain client watchlists detailing property performance, market trends, recent leasing at the property, and any other significant findings.
- Analysis of property operating statements, including noting significant changes in income and expenses.
- Review rent rolls, including noting any upcoming lease terminations, renewals, and any free rent periods for tenants.
- Performing covenant tests regarding debt service coverage ratio, debt yield, loan-to-value, and guarantor net worth hurdles.
- Support asset management team in their daily responsibilities
- Assist in preparation of various ad-hoc reports
- Such other activities as may be assigned by your manager
Qualifications/ Requirements:
- Education: A bachelor's degree in finance, accounting or related subjects or equivalent combination of education and experience
- Entry level professional with 0-2 years of industry and/or relevant experience, typically at an Analyst level role or external equivalent
- Experience in Commercial Real Estate Asset Management a plus
- Advanced knowledge in MS Office Suite including Outlook, Excel, Power Point and Word
- Strong analytical and computer skills with a thorough knowledge of Excel including the ability to perform cash flow analyses.
- Must be able to work efficiently with large datasets to process and present results as requested
- Experience with ARGUS, DCF valuation models, and sale/lease comps is a plus
- Ability to work in a team environment, to think independently and generate quality work product
- Ability to manage multiple priorities and meet tight deadlines
- Adhere to processes and procedures but suggest and implement improvements when warranted
- Attention to detail is a must
- Strong reading comprehension
- Strong business writing, presentation, and interpersonal skill
- #LI-MS1
Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
The annual full time base salary range for this role is
$85,000.00 - $85,000.00
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, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
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