Career Growth Opportunities - Rapidly Growing FirmHeavily Financially Backed CRE Firm - Great CompensationAbout Our Client
This is an asset management role / career path with a CMBS special servicer that involves management and oversight of a portfolio of distressed loan and REO. With the REO assets the firm will sometimes dig into repositioning the asset before selling.This firm also performs underwriting, credit risk assessment on new CRE loans targeted for sale to CMBS trusts.
Job Description
Underwriting & Portfolio Analysis :
- Support senior members of the asset management team in the analysis and underwriting of commercial real estate loans with collateral types including office, hospitality, retail, industrial and multifamily. The underwriting exercise will conclude with a risk rating and assessment of the borrower's ability to perform and exit the credit at loan maturity.
- Underwrite borrower requests that require lender consent, including assumptions, modifications, major leases, property management changes, or additional debt.
- Participate in quarterly watchlist reviews to evaluate the financial performance of various assets and make recommendations as to whether loan performance merits placement on the watchlist.
Asset Management :
- Support senior members of the asset management team in their management of a portfolio of CMBS loans and REO assets to include financial statement review and analysis, preparation of models designed to compare competing hold versus sale exit strategies on a net present value basis, participate in negotiations, and travel to meet with counterparties and inspect collateral properties.
What You'll Learn
- Develop expertise with ARGUS along with other financial valuation tools and learn the appropriate methodology for valuing a wide variety of assets across the commercial real estate spectrum.
- Fundamentals of loan structures and the ability to review and understand loan agreements and other contractual agreements.
- Understand the legal and economic framework of the CMBS industry and develop detailed market knowledge of various commercial asset types through frequent training sessions hosted by industry leading attorneys and brokers.
- Effectively participate in negotiations with counterparties, and how to facilitate desired outcomes.
- How to work in cross-functional teams, including asset management, underwriting, and surveillance.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful Applicant
- Bachelor's degree required in Accounting, Finance, Real Estate, Mathematics, or other related fields.
- Must be a highly motivated, independent worker within a fast-paced, collaborative culture.
- Ability to work closely with others as well independently to produce accurate, detailed work.
- Excellent verbal and written communication skills; strong analytical and critical thinking skills; attention to detail; and ability to multi-task.
- Intermediate to advanced Excel skills, proficiency in Word and Power Point.
- Knowledge of Argus is a plus.
- Interest in commercial real estate, financial markets, and risk management.
- Knowledge of real estate finance concepts, and the ability to analyze financial statements.
What's on Offer
Career Growth Opportunities - Rapidly Growing Firm
Heavily Financially Backed CRE Firm - Great Compensation + Benefits
Vibrant Workplace Environment
Contact
Keenan Gibson
Quote job ref
JN-112025-6877426