Debt Associate

Job Description

Overview

Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia. Bellwether is privately held and has offices in Los Angeles, Newport Beach, London and Dallas.

The Debt Asset Management Team is responsible for the oversight of a portfolio of commercial real estate debt investments. The Associate, Debt will be responsible for supporting the asset management team in preserving and creating value in the existing portfolio. This role will work alongside the investment team in the origination, underwriting and execution of real estate debt related investment opportunities across various property types. The Associate, Debt will support the team by overseeing investments as the primary point of contact for the client, evaluate property performance and present well-reasoned and decisive recommendations to senior management, and provide oversight and mentorship to junior staff members to support an expanding Asset Management platform. The Associate, Debt will be a dynamic team player with a desire to lead junior members of the team and can succeed in a highly entrepreneurial environment.

Classification: Exempt

Position Status: Regular, Full Time

Reports To: Vice President, Senior Vice President or Managing Director

Direct Reports: Yes

Must frequently prepare or inspect documents, and convey details or important instructions or ideas accurately, loudly, or quickly.

Ability to work independently, and prioritize duties to ensure timely completion. The ability to collaborate is also imperative.

Requires active listening, critical thinking, making decisions, time management, as well as administration skills.

Ability to interact in a courteous professional manner at all times.

Regular, predictable attendance is required.

The physical and mental demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

No hazardous or significantly unpleasant conditions (such as in a typical office).

Moderate noise (i.e., business office with computers, phones, printers and light traffic)

Indoor business office environment with windows; light foot traffic within work areas

The work environment characteristics described here are representative of those a teammate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Responsibilities

Develop and maintain detailed asset-level cash flow reforecasting models;
Review and analyze business plans, leasing activity and monthly property-operating performance;
Attend debt platform investment committee meetings and present findings to senior management;
Perform property inspections;
Track and highlight late payments and potential payoff and maturity date issues. Make recommendations for loan modifications and various other borrower requests;
Market research and competitive analysis;
Assist in the proactive monitoring and management of a portfolio of debt investments (US and non-US)
across all property types (office, industrial, hotel, retail, & residential) and securitized products, serving
as primary point for each loan assigned investments;
Manage the draw review process for assets that include construction or significant
renovation/alteration projects, actively monitor the progress of the work against the budget and
underwritten assumptions;

Qualifications

Local and/or nationwide travel to assets and client sites required on an as-needed basis, approximately
1-2 times per month depending on deal list.
While performing the duties of this job, the employee is regularly required to stand, sit, and walk.
Must be able to sit at an office workstation for an extended period of time.
May need to reach, stoop, or kneel to access items.
Must be able to talk, hear and use wrists, hands and/or fingers frequently and repetitively to operate a computer, telephone and other office productivity machinery.
Bellwether is an equal-opportunity employer. Bellwether complies with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations. All qualified applicants are considered for employment without regard to an individual's race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition (including cancer and genetic characteristics), genetic information, marital status, reproductive health decision-making, sex, gender (including gender identity and gender expression), age, sexual orientation, protected veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. All candidates must be able to prove eligibility to work in the United States.

Preferred Qualifications

Familiarity with the leading commercial real estate market data resources (i.e. CoStar, Real Capital Analytics, etc.) a plus.

Bellwether seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior endeavors. The successful candidate should have:

Job Knowledge & Technical Ability: Development and analysis of real estate-based financial models with a focus on multifamily, office, and industrial assets; ability to build out a complex financial model from scratch including waterfalls and various debt structures. Ability to perform market analyses to develop reasoned inputs for modeling assumptions.

Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.

A minimum of 3 years’ relevant experience
Experience with property underwriting and advanced financial modeling;
Ability to read and analyze Loan documents, lease and management agreements
Proficiency in Microsoft Excel, PowerPoint and ARGUS Enterprise; and
Asset Management, Development, or Acquisitions across major asset classes experience preferred;
client-facing experience preferred
Asset management experience, including development and analysis of real estate-based financial

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