CRE Debt Asset Manager

1 month ago

New York, United States PIMCO Full time
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.

Commercial Real Estate ("CRE") Debt Overview

PIMCO invests in real estate debt opportunities through the flagship PIMCO Commercial Real Estate Debt Funds ("PCRED I" and "PCRED II"), closed-end funds focused on traditional bridge lending throughout the U.S. In addition to the PCRED funds, the CRE debt team also invests in real estate debt opportunities through several other existing credit strategies with capital flexibility up and down the CRE debt risk spectrum.

The firm's U.S. real estate debt team sources, underwrites, and invests along the entire debt capital stack including senior mortgages, mezzanine financing, CMBS, and preferred equity. The team benefits from a flexible pool of capital with the ability to invest across asset types, geographies, and the capital structure. Asset Management Vice President works closely with senior team members both on the asset management and portfolio management teams to oversee and pro-actively manage a portfolio of CRE debt investments.

Location : New York, NY

Job Description

PIMCO is seeking a Commercial Real Estate ("CRE") Vice President to join the US PIMCO Commercial Real Estate team who will be primarily focused on asset management of CRE debt assets within PCRED and other PIMCO investment vehicles.

While the Asset Management Vice President will primarily work closely with the senior asset managers, he/she may be called upon to also work with other members on the CRE team to assist in underwriting and executing real estate credit transactions for PCRED and other PIMCO investment vehicles.

Key Responsibilities
  • Assist in the ongoing and pro-active asset management of a portfolio of debt investments up and down the capital stack to maximize value and minimize risk
  • Build and enhance asset management reporting, portfolio analytical activities, and stress testing
  • Actively monitor key performance indicators, property and financial performance, market conditions, servicing and administration of project draws/fundings.
  • Proactively identify any potential credit/market risks as well as proposed solutions associated with the investment
  • Approve and oversee borrower execution of asset level business plans
  • Ability to interpret ad negotiate loan document terms
  • Proactively work with external partners including borrowers, attorneys, servicers, financing partners and third-party consultants
  • Provide detailed investment performance information to internal and external parties
  • Perform property site inspections (travel where required)
  • As needed, structure, underwrite and seek approval for loan modifications
  • Manage collateral valuation/re-underwriting process
  • Coordinate setup of loans internally and work closely with third party servicing team
  • Assist in capital markets activities with existing and new leverage providers
Qualifications
  • 5+ years of relevant real estate credit experience in underwriting, originating, asset management, or servicing fields.
  • Exceptional analytical skills, financial modeling skills, proficiency in Argus, and strong writing abilities.
  • Prior experience working with/negotiating/reviewing loan documents preferred.
  • Outstanding academic credentials and demonstrated leadership capabilities.
  • Familiarity with the legal structure, rights and motivations for co-lending and junior / senior (inter-creditor) structures
  • Strong work ethic and integrity; candidate should be a team player who is proactive and self-motivated.
  • Well-refined communications skills - ability to analyze complex situations and articulate ideas and strategies clearly, both verbally and in writing.
  • Ability to work effectively on multiple projects simultaneously.
Benefits

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and wellbeing of you and your family. Benefits vary by location but may include:
  • Medical, dental, and vision coverage
  • Life insurance and travel coverage
  • 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
  • Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
Community involvement opportunities with The PIMCO Foundation in each PIMCO office

PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. The discretionary bonus is used to award performance and therefore is determined by company, business, team, and individual performance.

Salary Range: $ 205,000.00 - $ 240,000.00

Equal Employment Opportunity and Affirmative Action Statement

PIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.

Applicants with Disabilities

PIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

  • Senior CRE Debt Asset Manager

    1 month ago

    New York, United States PIMCO Full time

    PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the...

  • Associate, CRE Underwriting

    7 days ago

    New York, United States Bayview Asset Management Full time

    OverviewPOSITION SUMMARY: The Associate, CRE underwriter will be responsible for underwriting and closing of all Commercial real estate loans originated by Bayview Asset Management ("BAM"). Essential DUTIES AND RESPONSIBILITIES: Responsibilities include, but are not limited to: Obtain and perform in-depth due diligence including but not limited to reviews...

  • Portfolio Manager

    1 month ago

    New York, United States PIMCO Full time

    PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the...

  • Portfolio Manager, Commercial Real Estate Debt

    1 month ago

    New York, United States PIMCO Full time

    PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the...

  • Senior Asset Manager

    2 weeks ago

    New York, United States Russell Tobin Full time

    About the jobPosition Overview:In this position, you will oversee and manage a commercial real estate senior debt portfolio. This role involves monitoring loan performance, conducting underwriting and market analysis, and coordinating with borrowers and co-lenders.Key Responsibilities:Loan Oversight: Monitor and manage commercial real estate senior debt,...

  • Senior Asset Manager

    2 weeks ago

    New York, United States Russell Tobin Full time

    About the jobPosition Overview:In this position, you will oversee and manage a commercial real estate senior debt portfolio. This role involves monitoring loan performance, conducting underwriting and market analysis, and coordinating with borrowers and co-lenders.Key Responsibilities:Loan Oversight: Monitor and manage commercial real estate senior debt,...

  • Debt Asset Management Executive

    3 days ago

    New York, New York, United States Link Logistics Corp Full time

    Job SummaryThe Vice President, Debt Asset Management will play a critical role in leading the management of debt reporting, lender reporting, and debt compliance matters for Link Logistics Corp. This position requires a seasoned professional with expertise in debt asset management, financial modeling, and team leadership.Key ResponsibilitiesDebt Portfolio...

  • Senior Asset Manager

    1 week ago

    new york city, United States Russell Tobin Full time

    About the jobPosition Overview:In this position, you will oversee and manage a commercial real estate senior debt portfolio. This role involves monitoring loan performance, conducting underwriting and market analysis, and coordinating with borrowers and co-lenders.Key Responsibilities:Loan Oversight: Monitor and manage commercial real estate senior debt,...

  • Asset Based Finance

    3 weeks ago

    New York, United States Sixth Street Inc Full time

    About Sixth Street Asset Based Finance Sixth Street Asset Based Finance focuses on asset/platform investing and origination across finance markets, including commercial and residential mortgages, renewables and energy finance, consumer asset classes, infrastructure debt, transportation, and commercial equipment. Our Asset Based Finance business works closely...

  • Debt Asset Management Leader

    7 days ago

    New York, New York, United States Link Logistics Real Estate Holdco LLC Full time

    Job SummaryLink Logistics Real Estate Holdco LLC is seeking a seasoned professional to lead our debt asset management efforts. As a key member of our team, you will be responsible for overseeing the performance of our loan portfolio, ensuring compliance with loan covenants, and driving business growth through strategic refinancing and optimization...

  • CRE/Commercial Restructuring Counsel Sr

    2 weeks ago

    New York, United States Flagstar Bank Full time

    Position Title CRE/Commercial Restructuring Counsel Sr Location New York/1400 Broadway/114025 Job Summary Pay Range: 117-193K The Senior Counsel CRE/Commercial Restructuring is a senior member of the Legal Department and will be primarily responsible for providing legal support to the Special Assets Group of Flagstar Bank (the "Bank"). This attorney will...

  • Debt Settlement Specialist

    3 months ago

    New York, United States National Debt Cure Full time

    Job DescriptionJob DescriptionDEBT SPECIALISTAre you looking for a Debt Specialist opportunity that offers:a competitive compensation planuncapped earning potential reaching over $100K to upwards of $200K or morea successful and rewarding career with a company that offers growth and ongoing training?Come join us at National Debt Cure, we are looking for Debt...

  • Debt Settlement Specialist

    3 months ago

    New York, United States National Debt Cure Full time

    Job DescriptionJob DescriptionDEBT SPECIALISTAre you looking for a Debt Specialist opportunity that offers:a competitive compensation planuncapped earning potential reaching over $100K to upwards of $200K or morea successful and rewarding career with a company that offers growth and ongoing training?Come join us at National Debt Cure, we are looking for Debt...

  • CRE Relationship Manager

    2 weeks ago

    New York, United States PGMTEK Inc. Full time

    Job Description Summary / Objective: Develop CRE businesses of the Bank. According to the bank's risk appetite, fully understand the competition status of the market segment in which the bank is located, formulate and implement marketing strategies that meet market demand. Positive working attitude, fully understand and discover new needs of customers, carry...

  • Software Engineer

    2 days ago

    New York, United States Asset Manager Full time

    Job Description:We are seeking a motivated Associate Software Developer to join our dynamic technology team at a leading asset management firm with over $8B in assets under management. In this role, you will collaborate with teams across the organization to develop, maintain, and enhance financial software applications. You’ll work in a hybrid environment...

  • Software Developer

    1 day ago

    New York, New York, United States Asset Manager Full time

    Job Title: Associate Software DeveloperAbout Us: Our company is a leading asset management firm with a strong presence in the financial industry.Job Description:We are seeking a highly motivated and skilled Associate Software Developer to join our dynamic technology team. In this role, you will collaborate with teams across the organization to develop,...

  • Senior Macro Strat

    2 months ago

    New York, United States Asset Manager Full time

    We are currently partnered with an established Asset Manager who are looking for a Macro Strategist to join their Global Macro Strategy Group, which is a part of the Global Macro investment team. The Group's mission is to provide a macroeconomic framework for investing, and more specifically, to translate macroeconomic research into top-down,...

  • Director of Operations

    2 months ago

    New York, United States Tandym Group Full time

    An asset management firm in New York City is currently seeking an experienced Finance professional to join their staff as their new Director of Operations. In this role, the Director of Operations will be responsible for overseeing and optimizing the operations of our commercial real estate lending activities.Responsibilities:Provide strategic leadership and...

  • Director of Operations

    2 months ago

    New York, United States Tandym Group Full time

    An asset management firm in New York City is currently seeking an experienced Finance professional to join their staff as their new Director of Operations. In this role, the Director of Operations will be responsible for overseeing and optimizing the operations of our commercial real estate lending activities.Responsibilities:Provide strategic leadership and...

  • Asset Management

    1 month ago

    New York, New York, United States JPMorganChase Full time

    Job Description J.P. Morgan Asset Management (JPMAM) is a leading global alternatives manager, offering innovative solutions across market cycles. Our specialized teams manage alternative investment engines, delivering uncorrelated returns to traditional asset classes and tailoring portfolios to client needs. The Fund Execution Team (FET) within JPMAM -...