Manager Project
Resume:
MICHAEL YURINICH
Hackettstown, NJ 07840
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PROFILE
Versatile, resourceful real estate finance professional with an extensive
background in institutional, pension and advisory firms. Effective problem
solver, implementer and organizer in high pressure situations. A leader
with demonstrated abilities: team building, staff development, decision
making, business opportunity analysis, risk analytics, valuations,
underwriting, tactical/strategic planning and transaction completion.
PROFESSIONAL EXPERIENCE
BlackRock, New York, NY
2004 - 3/2010
One of the world's preeminent asset management firms and premier provider
of global investment management, risk management and advisory services to
institutional, intermediary and individual investors around the world with
assets under management totaling US $3.35 trillion.
Director, Head of Global Valuations and Portfolio Risk Analytics
Designed, developed, implemented and managed BlackRock's Real Estate Equity
Quarterly Valuation Process and portfolio risk analytics development.
. Created and implemented a scalable quarterly valuation process that
addressed evolving valuation needs of a growing global company. The
valuation process initially covered 2004 investments (four Core
Americas Funds with $1.95 billion assets under management) and evolved
to accommodate more diversified investments (nineteen Global, Core,
Value Add, Opportunity and Development Funds with $11.5 billion
assets).
. Designed and implemented valuation database that provides
information/reports/analytics to Asset Management, Portfolio
Management and Performance Measurement for their reporting and
decision making needs; Auditors and Consultants for due diligence;
core analytic valuation reports (20+) for Investment Committee and
Senior Management decision makers; and ad hoc analytical reports
capability.
. Designed and implemented electronic data warehouse for storing
historical valuation documents.
. Designed analytic and data integrity reports used each quarter.
. Improved efficiency of the review, approval and finalization process
through automation: reduced the authorization process by two weeks.
. Reviewed and approved transactions and evaluated investment risk for
$15 billion + in new investments as part of investment committees.
State Teachers Retirement System of Ohio, Columbus OH
2001 - 2004
Privately owned investment manager providing pension services to active,
inactive and retired public educators. STRS invests globally in public
equity, fixed income and alternative investments with assets under
management of $57.7 billion ($7.0 billion real estate).
Senior Asset Management Officer
Responsible for asset management and financial performance of a 4.75 M SF
office/retail portfolio in Boston and Northern New Jersey.
. Completed over 80 leases and 500,000 SF of leasing.
. Portfolio exceeded NOI financial target by 4.3%.
. Refinanced $155.0 million multi-building office package.
MICHAEL YURINICH, Page Two
(908) 268 - 7719
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MetLife, New York, NY
1983 - 2001
Leading global provider of insurance products, employee benefits and
financial services to individuals and institutional customers. The Real
Estate Investments group invests in equities and commercial mortgages, with
assets under management over $46 billion.
Loan Production - Investment Manager (1999 - 2001)
METNET - Small Loan Program - Investment Manager (1996 - 1999)
Mortgage Portfolio Services and Asset Recovery - Investment Manager (1992 -
1996)
Special Projects - Senior Investment Analyst (1989 - 1992)
Development Group - Project Manager (1986 - 1989)
Asset Management - Appraiser/ Asset Manager (1983 - 1986)
Accomplished a wide range of multi-faceted real estate assignments in areas
including Asset Management, Loan Production, Equity Acquisitions,
Development, Distressed Loans, Valuations and Special Projects.
. Managed a $66 million retail development process as owner's
representative. Completed on schedule, with project costs 5% under
budget.
. Conceptualized and implemented a lease analysis program that reduced
major lease review and authorization time by 25%.
. Restructured $3 billion in problem loans, individual and packages,
leading to improved cash flow, turning non-performer loans into
performers and recovering yield over loan term. Reduced delinquent
loans from 40 to 0 over a two year period. Provided litigation support
for foreclosure and bankruptcy cases.
. Tested, modified and implemented a small loan program for secondary
markets including identification of appropriate mortgage bankers.
Program generated a yearly pipeline of $600 to $800 million in quality
transactions and was introduced to 17 markets nationwide.
. Developed, implemented and participated on a national underwriting,
investment review and authorization committee. Trained regional and
national staff in equity and debt underwriting and valuation
principles. Reviewed and approved strategic plans and valuations for
equity portfolio ($2.5 billion). Prepared strategic plans for
portfolio and individual properties.
Continental Illinois National Bank, Chicago, IL
1982 - 1983
Management Accountant, Trust Department
EDUCATION
MBA, Real Estate Finance, DePaul University, Chicago, IL
MBA, General Business, Rosary College, Dominican University, River Forest,
IL
BA, Chemistry, Carleton College, Northfield, MN
Appraisal Institute
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