Asset Management Associate

Job Description

Responsibilities

Provide commercial real estate analysis and debt underwriting across all markets and property types
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
Review and approve draw requests for renovation and 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

Qualifications

Bachelor’s Degree in Real Estate, Economics Finance or other related field required
Minimum of 3 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
Must be proficient in Microsoft Excel and PowerPoint
Excellent verbal and written communication skills
Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
Ability to work in a fast-paced and quickly changing environment

Preferred Qualifications

ARGUS experience preferred

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About Company

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 500 people based in New York, Atlanta, Houston, Boca Raton, London, and Chennai, India.