Associate - Manager Loan Asset Management Commercial Real Estate Lending European Debt, London(m/f)

TN United Kingdom; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global real estate investor is seeking a Loan Asset Manager to oversee a portfolio of commercial real estate loans in London. The role involves tracking loan performance, ensuring compliance with contractual obligations, and supporting loan closings. Ideal candidates will have a degree in real estate or banking, at least 5 years of relevant experience, and strong market knowledge. Join a dynamic team focused on managing a diverse loan book and contributing to investor reporting.

Qualifications

• Min. 5 years experience in similar role.
• Strong knowledge of loan documentation structure.

Responsibilities

• Tracking loan performance on a dedicated portfolio of loans.
• Ongoing monitoring of contractual information and compliance obligations.
• Support loan closings and liaising with investors.

Skills

Team spirit

General market knowledge of commercial real estate markets

Capacity to work under pressure

Education

Real estate or banking degree

Tools

Microsoft Excel

Job description

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Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

b81db6e8452a

Job Views:

2

Posted:

17.05.2025

Expiry Date:

01.07.2025

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Job Description:

A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group’s $85B real estate mandate.

We manage a global investment portfolio c. $90B AUM, with an international team of c. 450 employees working in 16 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.

PIMCO’s real estate platform is one of the largest and most diversified in the world, with $174B1 in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.

PIMCO Prime Real Estate manages a book of 70 Europeans loans representing an €13B exposure. The financings are granted throughout different investment vehicles and provided by a European range of investors. This role is a unique opportunity to manage variety of loans (core and enhanced), to earn experience on multi-jurisdictions, work in growing environment and collaborate with experienced and engaged team members.

Key Responsibilities :

Loan Asset Management role covering the commercial European real estate loan book managed by Pimco Prime Real with the following scopes:

• Tracking loan performance on the dedicated portfolio allocated to the Loan Manager (~10-15 loans – average size ~ € 150M)
• Ongoing monitoring of contractual information and compliance obligations such as covenants, collaterals, rent rolls, insurance certificates, KYC, annual financial statements, asset valuations, business plans, ESG data, loan waterfall
• Support of loan closings: review of the loan documentation on loan asset management aspects, liaising with investors to screen transaction and submit credit applications, coordinate with various stakeholders involved in cash disbursement, overwatch capital call process, filling forms as well trade tickets, and advise payment instructions
• For construction loans : Tracking budget and timing, organizing capital call, review of CPs as the case may be and ensuring loan disbursements
• Post closing works: control, collecting and (electronic & hard copies) filing of loan and security documents, control and monitoring of conditions subsequent
• Support loan repayment
• Able to act as Facility and Security Agent
• Internal and external operational handling of ongoing credit items and waiver requests
• Coordination with internal stakeholders and Allianz OE’s concerning verification of interest payments
• Preparation of regular loan reviews including update of loan ratings, performance & MV tracker, MV tracker, ESG summary
• Contribution to quarterly investors reportings as well as yearly ESG reporting (SFDR, taxonomy, energy data consumption), participation to quarterly portfolio loan review
• Liaising with external counterparts: clients, agents, valuers, investors, trustees, legal advisers, project monitors…
• Liaising with other PPRE teams: risk & portfolio, ESG reporting, legal , tax, 3P
• Participating to asset visits (in the frame of new closings or regular portfolio review)
• Keeping cash flow up to date and sharing with stakeholder upon update, providing cash flow forecast to team head in frame of investors baseline and planning
• Maintaining internal IT folder up to date, populate the IT cloud (DMS) , filling loan reporting systems
• Involvements in the tax topics (e.g. withholding tax or substitutive tax): tax treatment to be reflected in cash flows and forms to be properly handled
• Participating to regular team calls
• Back up colleagues during their absence

Key Requirements/Skills/Experience :

• Successfully completed real estate or banking degree
• Min. 5 years experience in similar role
• General market knowledge of commercial real estate markets in €ope
• Capacity to work under pressure, handle multitasking & reporting burdens
• Team spirit
• Comfortable with Microsoft tools especially excel
• Strong knowledge of loan documentation structure

Additional Information

• Job start : 01/07/2025
• Location : London

As of December 2024. All figures in USD. 1 AUM includes c. $90B in estimated gross assets managed by PIMCO Prime Real Estate, which includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.