Asset Management

Job Description

Responsibilities

Supporting the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
Coordinating with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
Managing 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
Monitoring performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
Completing quarterly asset updates for each asset and presenting to client as required
Re-underwriting each asset on a semi-annual or annual basis and providing support for diligence and underwriting as needed
Constructing monthly debt waterfalls for cash managed deals, and working alongside the Treasury team to ensure funds are administered properly
Working collaboratively with Servicing, Insurance, Tax, and other related servicing departments, in order to maintain proper Loan compliance and lien position security
Performing other ad-hoc duties, including providing periodic underwriting support, as needed

Qualifications

Bachelor’s Degree in Real Estate, Economics, Finance, or other related field required
Must be proficient in Microsoft Excel

Preferred Qualifications

1-2 years of experience related to commercial real estate experience is preferred

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About Company

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 ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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.