Commercial Real Estate Asset Manager

3 weeks ago


San Diego, California, United States Newmark ltd Full time
Job Summary

We are seeking an experienced Commercial Real Estate Asset Manager to join our team at Newmark ltd. As a key member of our asset management team, you will be responsible for monitoring the performance of our high-yield debt and equity positions across various commercial real estate property types and regions.

Key Responsibilities
  • Support asset managers in monitoring each position's performance relative to underwriting, budget, and covenants within loan documents.
  • Interact and communicate with other departments regarding borrower inquiries to ensure accuracy in all transaction requirements, including billing, reporting, remitting, and system setup.
  • Monitor portfolio-specific reports as required to process any open issues.
  • Coordinate with and/or manage various third parties, including servicers, borrowers, lenders, and construction consultants.
  • Assist with managing the draw review process for ground-up construction projects of varying sizes and scopes.
  • Assist with monitoring the performance of transitional/value-add operating properties, including performing lease analysis, TI/LC, and renovation draw reviews, and loan covenant testing.
  • Work collaboratively to achieve department and firm objectives.
  • Other responsibilities as assigned.

Core Competencies
  • Strong written and verbal communication skills to clearly convey loan status.
  • Ability to problem-solve and communicate with others at all levels - internally and externally.
  • Must display a high degree of initiative, task ownership, and attention to detail.
  • Must be willing and able to research and resolve matters as new issues arise.
  • Ability to work productively and multitask.
  • Interpret and utilize policies and procedures, investor guides, and loan documents.
  • Possess excellent collaboration skills.
  • Ability to organize and prioritize projects, complete multiple tasks on schedule, and function as a committed team player.
  • Work productively in a fast-paced, ever-changing work environment.

Qualifications
  • Bachelor's Degree in Real Estate, Economics, Finance, or another related field required.
  • Minimum of 2 years of experience in commercial real estate, including direct experience with investment management, asset management, commercial property management, loan origination, and/or underwriting.
  • Must be proficient in Microsoft Excel and ARGUS experience preferred.
  • Excellent verbal and written communication skills.
  • Ability to work in a fast-paced and quickly changing environment.

Working Conditions
Normal working conditions with the absence of disagreeable elements.

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