Job Summary: The Director, Credit & 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 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 quarterly and annual 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 asset reports and quarterly performance analyses.
- Coordinate with the tax and insurance team to oversee insurance coverage, tax payments, and escrow obligations.
- Analyze and process borrower consent requests.
- 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.
