Associate, Asset Management

Job Description

ABOUT NEWMARK GROUP, INC. (NASDAQ : NMRK) : together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ending March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow us @newmark.

ABOUT SPRING11 : Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.

JOB DESCRIPTION :

This is a Spring11 position, but the role will be dedicated to the Asset Management team of a multi-billion-dollar, global investment management firm.

Spring11, on behalf of its client, is seeking an exceptional individual to join the team as an Associate, on the client's Asset Management team. The ideal candidate for the role has a bachelor's degree (or higher education) in addition to 2-6 years of experience preferably within a commercial real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.

The Associate will analyze and support all asset management aspects of the client's platform, with some periodic exposure to origination and underwriting.

Responsibilities

ESSENTIAL DUTIES :

• Support the senior asset managers in monitoring 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
• Manage the draw review process for 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 help create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform

SKILLS, EDUCATION AND EXPERIENCE :

SALARY RANGE : $85,000 - $120,000 annually

The expected base salary for this position ranges from $85,000 to $120,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to the base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

WORKING CONDITIONS : Normal working conditions with the absence of disagreeable elements

NOTE : The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.