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. The construction segment covers significant ground-up projects, renovations, and capital improvement/leasing initiatives. Operational assets focus on transitional/value-add properties across major U.S. markets, encompassing office spaces, retail locations, industrial sites, multifamily buildings, condos, student housing, and hospitality venues. 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, and client reporting.
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.
- Coordinate 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
