Senior Associate

What are we looking for in our Senior Associate?

Position Overview:

This role consists of the management of a portfolio of highly structured commercial real estate loans, while also managing client relations. Additionally, provide a high level of loan surveillance support to the client by monitoring and reporting on property level cash flows, rent rolls, market conditions and property valuations for a nationwide portfolio of loans across all types of commercial real estate property types.

Job Functions:

• Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors
• Processing of borrower requests and consents
• Review and analyse LMA finance documents and real estate documentation
• Analyse property financials and report property/loan performance to Lenders/Investors on a quarterly basis via a Quarterly Asset Report (QAR)
• Re-underwrite the positions (real estate collateral and loans) as required
• When applicable, correspond with Sponsors/Borrowers for updates on any property-level concerns, including Capex Projects, leasing progress, Construction Status, and overall performance
• Understand property cash flows including service charge accounts and recoverable/non-recoverable costs, tenant level information, financial trends
• Draft credit committee memos and present to clients; report to client internal credit risk management group as required
• Prepare and submit weekly loan portfolio updates identifying all relevant issues, discussions and events that occurred during the week
• Manage development/capex loans, review and analyse utilisations requests and information package as provided, make recommendations to clients on a regular basis
• Undertake unsupervised site visits including site visit preparation
• Monitor loan specific events and triggers
• This position supervises and mentor's others
• Such other activities as may be assigned by your manager

Requirements:

• Bachelor’s degree preferred field of study: Real Estate, Finance/Accounting, Business or equivalent combination of education and experience
• Minimum 5+ years of experience in Commercial Real Estate and asset management preferred
• Proficiency with major property types (office, industrial, retail, multifamily)
• Basic knowledge of specialty property types (hotels and condominiums)
• Proficiency with advanced CRE principles including underwriting, loan servicing and treasury practices
• Proficient with common CRE calculations and concepts: IRR’s, NPV, DSCR’s, DY, NOI/NCF
• Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties) and complex debt positions (participations, syndications, CLO’s/CDO’s)
• Basic Knowledge of complex debt positions (senior and mezzanine debt, warehouse, and repo lines)
• Ability to create complex financial models