Commercial Real Estate Portfolio Management, Associate

Commercial Real Estate Portfolio Management, Associate

As a junior individual performer, the Associate will be assigned a portfolio of commercial real estate direct-lending and back-levered transactions of moderate complexity and will be responsible for all activities related to the portfolio under the supervision of the Team Head. In order to be the owner of the portfolio, the Associate will need to strive to have a solid understanding of the key facts of the underlying properties and key elements of the financing structure, diligently monitor, on an ongoing basis, relevant market dynamics and property performance in relation to the bank's base case, engage borrowers to understand drivers behind any concerning performance trend, and inquire about remediation measures taken by borrowers. The assigned portfolio will grow in size and complexity over time.

Role Objectives : Delivery

• Manage deal transfer from origination team by collecting key documents, credit files, and reporting items, setting up folder structure for filing these items going forward, ensuring all required processes and actions have been completed before transfer, and establishing initial contact with borrower or admin agent
• Compile deal notebook by summarizing key facts and features of the property and transaction, including cash sweep triggers and their testing period, and key milestone dates, such as deadlines for hedging extensions or maturity extension notifications, or TCO date for construction loans
• Compile performance tracker to monitor operating and financial metrics upon the receipt of relevant reporting items against bank's base case and escalate any concerns to Team Head immediately
• Prepare under the guidance of the Team Head and / or senior team members informative, concise, and error-free annual reviews and interim reviews that include well-structured rationale to justify recommended regulatory rating and risk gradings, appropriate performance analyses that effectively support such rationale, and updated projections, if needed, based on well substantiated assumptions consistent with property performance trend and market dynamics
• Analyze the credit impact of borrowers' amendment, consent, waiver or refinancing requests, support or lead negotiation on terms and conditions if necessary, engage counsel for document drafting and comment / or collect comments from Team Head or other senior team members on draft from a commercial standpoint, and manage internal credit approval as well as other related internal processes for timely closing
• Respond to other ad hoc internal or external inquiries and support manager on special projects

Qualifications and Skills

Proficiency in Excel and Word a must-have

Additional Requirements

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.