Job Summary: The Senior Associate, Credit & Asset Management will play a pivotal role in delivering exceptional, detail-focused service alongside team members. This role involves generating timely and precise analytical information to bolster the asset management platform, covering all asset types. Interaction with borrowers, equity partners, and client representatives is a key part of the job, requiring excellent interpersonal skills and a professional, urgent approach to communication. The role demands skilled organization and a pro-active approach in helping manage a variety of 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: - 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.
- 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.
