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Asset Management Sr. Associate- Miami-Based

Company:
Glocap
Location:
Doral, FL, 33222
Posted:
May 12, 2024
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Description:

Job Summary:

Our client is an actively managed real estate investment trust specializing in the origination and financing of commercial mortgages across a range of real estate asset classes.

Responsibilities:

• Collect, track, and spread borrower financials, including balance sheet, income statement, cash flow statements, bank statements, census, rent rolls, AP/AR aging schedules, etc.

• Perform monthly and quarterly financial analyses to evaluate projects performance and discuss with borrowers any substantial variances and non-compliance with loan covenants

• Re-underwrite loans quarterly as part of on-going evaluation of the transitional commercial real estate loans and viability of exit strategy

• Monitor maturity dates, extensions, potential payoffs, and any needed loan amendments or modifications

• Review of the financial performance of investments, including tenancy changes and compliance with various loan covenants and warehouse agreements

• Responsible for timely satisfaction and compliance with warehouse and participating lender reporting requirements

• Ongoing monitoring of property market conditions, including tracking of market performance trends and projections, and comparable properties through market research

• Loan document review and interpretation

• Review and preparation of recommendation requests for lease proposals, property releases, other consent matters, and borrower requests

Qualifications:

•Minimum three to five (3 - 5) years of experience in commercial real estate, mortgage servicing, loan underwriting, credit, risk management, financial analysis, or a combination thereof

• Undergraduate degree in Real Estate, Finance, Accounting, or Economics with a strong GPA

• Excellent work ethic, attention to detail, and organizational skills; ability to handle multiple transactions and multi-task in a fast-paced environment

• Proficiency in Microsoft Excel and Microsoft PowerPoint

• Expertise in financial modeling and risk analysis

• Ability to successfully handle interactions with a variety of people in differing roles

• Problem-solver, self-starter mentality with an ability to work independent

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