Asset Manager
The Quest Organization - new york city, NY
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Asset ManagerKey Responsibilities:Assist in the ongoing and pro-active asset management of a portfolio of debt investments up and down the capital stack (senior mortgage and mezzanine) to maximize value and minimize riskBuild and enhance asset management reporting, portfolio analytical activities, and stress testingActively monitor key performance indicators, property and financial performance, market conditions, servicing and administration of project drawsfundings.Proactively identify any potential creditmarket risks as well as proposed solutions associated with the investmentAbility to interpret and negotiate loan document termsProactively work with external partners including borrowers, attorneys, servicers, co-lenders, financing partners and third-party consultantsApprove and oversee borrower execution of asset level business plansProvide detailed investment performance information to internal and external partiesPerform property site inspections (travel where required)As needed, structure, underwrite and seek approval for loan modificationsManage collateral valuationre-underwriting processCoordinate setup of loans internally and work closely with third party servicing teamAssist in capital markets activities with existing and new leverage providersParticipate in credit process and assist in underwriting, review of borrower business plans, and transition activities to asset management.Assist in implementing best-in-class asset management policies and procedures.Qualifications10+ years of relevant real estate credit experience in underwriting and asset management fields with a focus on transitional, redevelopment and ground-up construction real estate loansExceptional analytical skills, financial modeling skills, proficiency in Argus, and strong writing abilities.Extensive experience in working withnegotiatingreviewing loan documents.Outstanding academic credentials and demonstrated leadership capabilities.Understanding of the legal structure, rights and motivations for co-lending and junior senior (inter-creditor) structuresStrong work ethic and integrity; candidate should be a team player who is proactive and self-motivated. Must demonstrate ability to get along with and motivate others.Poised and articulate, well-refined communications skills - ability to analyze complex situations and articulate ideas and strategies clearly, both verbally and in writing.Proven experienceskills working across cross-functional teams (internalexternal constituencies).Strong analytical skills and experience managing reporting and reviewing accounting functions.Driven, energetic, well-organized, good administrative skills, attention to detail.
Created: 2024-11-02