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Asset Management Associate

Boston, MA 02109

Posted: 08/04/2022 Industry: Associate Job Number: 4418 Pay Rate: 85,000

Job Description

Asset Management Analyst   Summary:
  The Analyst will be responsible for being an active member of the asset management team for complex assets within a series of Commercial Real Estate debt-oriented investment vehicles, including first mortgage loans, mezzanine loans, preferred equity, real estate debt and equity securities, and other varied sophisticated credit investments.   Responsibilities:
  • Work as a team with commercial real estate loan portfolio asset managers
  • Request reporting packages and updates from borrowers to complete reports and analysis, as necessary
  • Proactively monitor local markets, real estate industry news and trends as well as specific tenant health
  • Review monthly loan reporting packages and summarize key metrics, changes and risks
  • Prepare analysis of borrower and guarantor financial statements
  • Monitor borrower loan compliance and covenants including milestone hurdles, reporting requirements and performance metrics
  • Monitor loan level reserves including interest, taxes, insurance and other holdbacks
  • Review construction loan draws and project progress against milestones including working with servicers and construction consultants to ensure borrowers have achieved conditions precedent to funding
  • Prepare abstracts of commercial loan documents
  • Produce monthly and quarterly surveillance summaries and reporting for senior review which contain all relevant information related to monitoring borrower performance against business plan and compliance against loan documents as well as aggregated portfolio metrics
  • Prepare cash flow models used for forecasting and investment performance
  • Generate new reporting as necessary to monitor evolving risks
  • Externally interact with borrowers, servicers, individual market experts and other transaction parties
  • Meet strict monthly and quarterly deadlines
  • Respond quickly and professionally to ad hoc questions requests for analysis
  • Interact closely with Boston, MA and New York, NY teams

  • Bachelor’s degree required, preferably with a concentration in Real Estate, Business or Finance
  • 1-3 years of related experience required
  • Familiarity with real estate terminology and financial statements
  • Strong analytical skills
  • Advanced Excel skills
  • Exceptional oral and written communication skills
  • Ability to work in high pressure environment
  • Attention to detail
  • Ability to prioritize and multi-task
  • Highly motivated with a willingness to learn and pitch in where needed

Meet Your Recruiter

David Rosenblatt

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