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

Allianz Popular SL.; London; Hybrid; USD 60,000 - 100,000; Full time

Job description

Job Type:

Full-Time

Remote Job:

Hybrid working

Employment Type:

Permanent

ID:

70544

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 of approximately $90B AUM, with an international team of around 450 employees working in 16 offices across 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 $174B 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 European loans representing a €13B exposure. The financings are granted through different investment vehicles and provided by a range of European investors. This role is a unique opportunity to manage a variety of loans (core and enhanced), gain experience in multi-jurisdictions, work in a growing environment, and collaborate with experienced and engaged team members.

Key Responsibilities:

• 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 loan documentation on loan asset management aspects, liaising with investors to screen transactions and submit credit applications, coordinating with various stakeholders involved in cash disbursement, overseeing capital call processes, filling forms, and advising payment instructions
• For construction loans: Tracking budget and timing, organizing capital calls, reviewing CPs as necessary, and ensuring loan disbursements
• Post-closing work: control, collection, and filing of loan and security documents (both electronic & hard copies), 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 updates of loan ratings, performance & MV tracker, ESG summary
• Contribution to quarterly investor reporting as well as yearly ESG reporting (SFDR, taxonomy, energy data consumption), participation in 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 in asset visits (in the frame of new closings or regular portfolio review)
• Keeping cash flow up to date and sharing with stakeholders upon updates, providing cash flow forecasts to team head in frame of investors baseline and planning
• Maintaining internal IT folder up to date, populating the IT cloud (DMS), and filling loan reporting systems
• Involvement in tax topics (e.g. withholding tax or substitutive tax): tax treatment to be reflected in cash flows and forms to be properly handled
• Participating in regular team calls
• Backing up colleagues during their absence

Key Requirements/Skills/Experience:

• Successfully completed real estate or banking degree
• Minimum 5 years experience in a similar role
• General market knowledge of commercial real estate markets in Europe
• 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. AUM includes approximately $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.