Loan Asset Manager, Real Estate Debt

AXA; London; Hybrid; GBP 60,000 - 85,000; Full time

Job summary

AXA is seeking a Loan Asset Manager to oversee Commercial Real Estate debt investments within a dynamic team in London. This role involves monitoring loan performance, deal execution, and influencing investment decisions in a fast-paced environment. Ideal candidates will possess strong analytical skills, relevant experience in financial institutions, and a proactive approach to asset management.

Qualifications

• Previous experience in financial institutions appreciated.
• High proficiency in English required.
• Knowledge of Loan documentation and Real Estate Debt sector valued.

Responsibilities

• Monitor performance of Commercial Real Estate Debt investments.
• Provide deal support and manage cash distribution processes.
• Contribute to valuation and investor reporting.

Skills

Analytical skills

Organizational skills

Team player

Multi-tasking

Education

Business or engineering degree

Tools

Excel

VBA

Job description

Loan Asset Manager, Real Estate Debt

22 Bishopsgate, London – Hybrid

Permanent Contract

At AXA IM our purpose, to act for human progress by investing for what matters, is central to every action we take as a business. As a responsible asset manager, we actively invest for the long-term to help our clients, our people and the world to prosper.

As a future Loan Asset Manager, you will report to the Head of FMCG Private Debt, and you will be part of AXA IM Alts - Real Estate.

DISCOVER your opportunity

AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with approximately €830bn in assets under management as of the end of September 2020. AXA IM employs 750+ investment professionals around the world and operates out of 15 investment centre's.

Given its growth prospects, the Commercial Real Estate & Infrastructure Fund Management Controlling Group team of AXA IM – Real Assets is looking for a Loan Asset Manager, to join either its London or Paris office. The team is a market leader in Commercial Real Estate debt with more than $24bn AuMs in Europe and US and a 15 years track record. We are looking for a dynamic, rigorous, motivated team-player to be part of our expanding fund management and controlling team. The candidate would have previous experience in real estate debt such as in a real estate loan servicer or in a loan portfolio or asset management team within a bank or a real estate debt fund.

The role will focus on the Loan Asset Management of loans in Europe across different real estate asset classes, geographies and risk profile (core to value add / development financings).

The candidate will follow the loans from closing through its entire life including restructuring, refinancing, extensions etc.

You will be part of a team of more than 10 professionals interacting with the Fund Management team and other internal teams (client relationships and risk teams) and third parties (banks, borrowers, facility agents, legal advisors etc).

The successful candidate will be required to adapt as the FMCG function evolves and to assist in the role-out of an ongoing systems/controls/processes upgrade in line with the growth of the platform.

About AXA

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.

In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

What we offer

We are proud to foster a high-performance culture, which means that we seek to recruit and retain people who are not only technically-skilled but also globally-minded, innovative and able to leverage their unique perspectives and life experiences to support our success as a company. AXA IM is committed to building an inclusive culture, valuing diversity and supporting the career progression of all employees.

Your role and responsibilities will include:

Loan Asset Management: You will monitor the performance and the evolution of the Commercial Real Estate Debt investments from origination until their repayment. The main tasks include: following up interest payments, utilisation requests and repayments, handling consents, modifications, and waivers from our borrowers in coordination with the Fund management team, review of the loans’ performance through tracking of key financial covenants (LTV, LTC, DSCR, Debt Yield), review of asset valuations, update of cash flows and tenancy schedules and monitoring of operational aspects of the assets being financed (such as capex programmes, ESG metrics).

Deal Execution and Asset Management:

• Provide deal support, including financial analysis and execution of deal cashflows, create tailored cash-flows/valuation models to simulate various scenarios ;
• Monitor cash and manage cash distribution process ;
• Review capital call and distribution notices and cash allocation schedules ;
• Review property level reporting, budget, tenancy schedules, etc. from property managers and asset managers ;
• Liaise with deal team to ensure agreement of funding / distributions ;
• Closings: guidelines check, validation of deal allocation, KYC preparation, ensuring payments / investments properly processed and received ;
• IPD Calculation, Covenant & Waiver analysis ;
• Review loan documentation including but not limited to drawdown, amortization, repayments and fees.

Portfolio Management:

• Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee and Loan Reviews materials
• Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and CRE Debt KPIs
• Support investment decision process with qualitative and quantitative fund data
• Investor/Client reporting and ad hoc reports upon request
• Manage and keep the IT tools (incl. the new Asset Management tool) updated as to properly reflect portfolio composition but also proper reconciliation with service providers, liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data

SHARE your unique expertise

We welcome different combinations of skills & experiences.

Your qualifications and experience:

• Business schools, engineering schools or universities.
• Previous experience in a financial institution will be appreciated (banks’ loan portfolio management teams, asset management company or loan service providers)
• Proven financial, analytical and organizational skills
• English (high proficiency required)

Your knowledges and skills:

• Appetite for/knowledge of Loan documentation
• Appetite for/knowledge of the Real Estate Debt sector
• Team player, multi-tasking, rigorousness, desire and flexibility to learn and grow in a fast-paced environment and capacity for synthesizing and prioritizing
• Advanced skills in Excel/VBA. Knowledge of Simcorp Dimension and or Real Insight is a plus but not a must have

We would love to know more about you. Let’s connect! Send us your resume.