Spring11 – Vice President, Asset Management (Client Facing) Full Time NEW

This role will be dedicated to the asset management team of a global investment bank overseeing a multi-billion dollar portfolio of transitional real estate loans.

We are currently seeking a Vice President to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The VP will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.

LOCATION:

This position will be based out of the firm’s NYC office.

Responsibilities

ESSENTIAL DUTIES:

• Provide commercial real estate analysis and debt underwriting across all markets and property types
• Monitor each position’s performance relative to underwriting, budget, and covenants within loan documents
• Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
• Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Complete quarterly asset updates for various assets
• Update and/or create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platform

Qualifications

SKILLS, EDUCATION AND EXPERIENCE:

• Bachelor’s Degree in Real Estate, Economics Finance or other related field required
• Minimum of 8 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
• Must be proficient in Microsoft Excel and PowerPoint; ARGUS experience preferred
• Excellent verbal and written communication skills
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
• Ability to work in a fast-paced and quickly changing environment

Source: Newmark Career Page