Job Summary: The Associate Director, Credit & Asset Management will oversee a diversified portfolio of intricate debt investments, secured by various types of commercial real estate. This encompasses a broad range of projects from ground-up constructions, renovations, to capital improvements and leasing endeavors. The assets under management will include a mix of transitional or value-added properties across major U.S. markets and all asset classes. This client-facing role requires interaction with top figures in commercial real estate finance and demands a proactive approach in managing tasks such as interest billing and collection, cash waterfall arrangements, draw administration, covenant adherence, financial evaluation of asset performance, borrower consents, and client reporting.
Responsibilities:- Interpret complex loan agreements to accurately apply loan terms in asset management activities.
- Work closely with various internal teams to streamline asset servicing and ensure precise and prompt reporting.
- Oversee the draw process, ensuring all pre-funding conditions are met in line with credit agreements for construction, leasing, and capital expenditures.
- Facilitate the funding process in collaboration with lenders, their syndicates, co-lenders, and note-on-note financiers.
- Analyze lease proposals, drafting recommendation memos for clients.
- Analyst and process borrower consent requests.
- Engage with external consultants, including legal advisors, title agents, brokers, leasing/sales agents, and construction experts.
- Employ a range of software and applications to manage and monitor data related to properties, borrowers, and asset performance.
- Organize and assess monthly financial statements from borrowers, along with other required reports.
- Manage the collection and evaluation of annual operating and capital budgets.
- Assess the ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
- Evaluate proposed cash management distributions to ensure accurate application according to cash flow waterfalls.
- Conduct regular covenant compliance checks as per loan documentation (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
- Generate and maintain asset reports and quarterly reporting packages that include analysis of investment performance.
- Coordinate with the tax and insurance teams to oversee insurance coverage, tax payments, and escrow requirements.
- Approve annual operating and capital budgets as well as proposed tenant leases.
- Mentor financial analysts, fostering their professional development and enhancing their skills.
Required Qualifications:- Bachelor's degree in finance, accounting, real estate, or a related discipline required
- 5+ years of experience in debt asset management or loan servicing is mandatory.
- Must have proficiency in Microsoft Excel, Word, and Outlook.
- Demonstrated understanding of complex commercial real estate structured-finance transactions is essential.
- Knowledge of commercial real estate transactions, industry terminology, and capital markets is required.
- Exceptional communication abilities, including the capacity to articulate complex ideas clearly in both writing and speech.
- Skilled in interpreting intricate credit and legal documentation.
- Strong analytical capabilities and mathematical proficiency are crucial.
- The candidate should possess the ability to manage multiple tasks simultaneously and adhere to deadlines.
- Team-oriented, ready to collaborate and contribute to collective goals.
- Advanced proficiency in Excel, including ability to build complex Excel worksheets preferred
