Commercial Real Estate Asset Manager
3 weeks ago
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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