Job Summary: Senior 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 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:
- Lead and cultivate a team to guarantee top-notch service delivery in alignment with client agreements.
- Analyze complex loan documents to ensure accurate implementation of loan terms across individual assets and the team's entire portfolio.
- 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 across the portfolio.
- Approve annual operating and capital budgets, as well as tenant lease proposals.
- Mentor asset managers and financial analysts, fostering their professional development.
Required Qualifications:
- Bachelor's degree in Real Estate, Business, Finance, Accounting, or a related field required.
- 10+ years of experience in advancing roles within portfolio servicing and/or asset management.
- Demonstrable expertise in the operations of commercial real estate debt.
- Comprehensive knowledge of sophisticated commercial real estate structured-finance transactions.
- 7+ years of experience leading a diverse team, with responsibilities including setting clear goals, offering mentorship, and conducting regular performance reviews to enhance collaboration, productivity, and professional growth.
- Advanced skills in Excel and familiarity with other Microsoft Office tools.
- Exceptional communication abilities, capable of simplifying intricate concepts.
- Proven track record of managing large transaction volumes under tight deadlines.
- Strong capabilities in both internal and external relationship management.
- Independent and collaborative working style.
- Knowledge and experience in commercial real estate construction lending or development
