Asset Management Associate/VP

North River Partners; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

A financial services firm based in New York is hiring an Associate or Vice President for its asset management team. The candidate will manage loan portfolio tasks while collaborating with senior partners. Key responsibilities include monitoring compliance, preparing reports, and facilitating draw requests. An ideal applicant has 3+ years of relevant experience, advanced Excel skills, and thrives in a high-energy environment. This is a full-time position offering substantial growth opportunities.

Qualifications

• 3+ years' experience in real estate development or loan servicing.
• Familiarity with AIA documents and construction terminology.
• Proven ability to manage multiple tasks effectively.

Responsibilities

• Review and facilitate draw requests and documentation.
• Monitor loan portfolio compliance and cash management.
• Prepare monthly loan level reports for stakeholders.
• Distribute monthly servicing statements to borrowers.
• Onboard and administer loans to warehouse facilities.
• Serve as the point of contact for borrower inquiries.
• Assist with onboarding new loans with originations team.
• Conduct site visits as needed.

Skills

Real estate development experience

Construction knowledge

Detail-oriented

Strong communication skills

Advanced Excel skills

Job description

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North River Partners (NRP) is a New York City-based realaksud investment firm specializing in private credit strategies across the United States. NRP's focus is originating bridge and construction loans to support the development of housing in key growth markets nationwide.

Role Description

North River Partners is seeking to hire an Associate or Vice President to join its asset management team in New York. This role will work closely with the Managing Partners to lead the asset management and servicing of North River’s loan portfolio. The candidate will be exposed to all facets of North River’s business with an opportunity for substantial involvement and growth.

Duties & Responsibilities

• ոբ Review and facilitate draw requests including reconciliation of budgets, back-up documentation, title updates, and inspection reports.
• Actively monitor the loan portfolio to ensure compliance against loan covenants, cash management waterfalls, taxes and insurance payments, etc.
• Prepare monthly loan level reports for the Managing Partners, capital partners, and lenders.
• Prepare and distribute monthly servicing statements to borrowers.
• Lead the onboarding and administration of loans to warehouse facilities.
• Serve as the primary point of contact for day brillo borrower inquiries.
• Work closely with the originations team to assist with onboarding new loans.
• Conduct site visits as needed.

Qualifications

• 3+ years’ experience working adjacent real estate development, construction, or البول loan servicing/asset management positions.
• Familiarity with standard AIA documents and general construction terminology.
• Extremely detailed oriented and organized.
• Exhibits high level of drive and ownership.
• Great communicator both internally and externally.
• Candidate thrives in a fast-paced, high-energy environment.
• Capable of managing multiple tasks and prioritizing deadlines appropriately.
• Advanced Excel skills.

Seniority Level

Executive

Employment Type

Full-time

Job Function

Finance and Sales