Junior Asset Manager

This Junior Asset Manager role requires a background in CMBS debt transactions. Daily responsibilities will include but are not limited to:

• Perform continuous loan-level oversight of commercial real estate senior debt in the portfolio, including engaging with the borrower or agent for regular leasing updates and business plan updates
• Proactively risk manage ongoing risks of individual loan positions, including monitoring of collateral performance, the integrity of assets and compliance with transaction terms, and applying loan performance thresholds for full re-underwrites
• Complete the quarterly underwriting, market analysis and risk projections for the loans under management and review assumptions with CRE Management
• Review regular ongoing borrower requests for advances, releases, extensions and escalate appropriate requests to CRE Management for approval
• Manage co-lender issues as may be needed as agent of syndicate
• Coordinate restructuring of non-performing loans with the deal team and co-lenders, where necessary
• Assess requests for amendments to loan documentation during the life of the transaction, prepare recommendations for CRE Management and Credit approvals for such requests
• Provide weekly updates on loan performance, restructures and key risks to CRE Lending Management, and coordinate information shared with Credit Risk colleagues
• Prepare and review loan-level data for periodic regulatory submissions

Qualifications:

• Minimum 3-5+ years’ experience in structured products or real estate credit / asset management
• Strong communication and leadership skills
• Strong quantitative, technical and computer skills
• Excellent attention to detail
• Ability to effectively prioritize and coordinate multiple tasks under tight deadlines