Bridge Asset Manager

NewPoint Real Estate Capital; Plano (TX); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid paternity leave

Job summary

A real estate financial services firm in Plano, Texas, is seeking a mid-senior level Bridge Asset Manager. In this role, you will support the management of commercial real estate loans and assist senior team members with financial reporting and analysis. The ideal candidate holds a bachelor’s degree and has 3-5 years of experience in asset management, with strong analytical and Excel skills. Benefits may include medical insurance and 401(k).

Qualifications

• 3-5 years of experience in real estate or financial services.
• Ability to perform cash flow analysis.
• Self-starter with demonstrated problem-solving abilities.

Responsibilities

• Monitor financial reporting from borrowers.
• Assist with quarterly asset reports.
• Manage the draw review process for renovation projects.

Skills

Strong analytical and computer skills

Excellent Excel skills

Ability to manage multiple priorities

Teamwork

Problem-solving abilities

Education

Bachelor’s Degree in finance, management, business

Tools

Microsoft Office

Job description

Join to apply for the Bridge Asset Manager role at NewPoint Real Estate Capital

In this role, this individual will support the senior members of the Asset Management Team and will report to the Managing Director of Proprietary Products. The Asset Manager is responsible for assisting in the managing of a portfolio of commercial real estate loans, as well as supporting compliance and credit administration requirements.

Duties and responsibilities

• Monitor the collection of required financial reporting from borrowers; including, but not limited to, property operating statements (income statements, balance sheets, aged receivables), rent rolls, STR reports, and guarantor/borrower financials;
• Aggregating and compiling property level information into portfolio-wide statistics and presentation materials;
• Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents;
• Manage the draw review process for value-add renovation and ground-up construction projects of varying sizes and scopes;
• Assist senior asset managers with quarterly asset reports, including inputting financials, updating rent rolls, and obtaining updated market information;
• Analysis of property operating statements, including noting significant changes in income and expenses;
• Performing covenant tests regarding debt service coverage ratio, debt yield, loan-to-value, and guarantor net worth hurdles;
• Support asset management team in their daily responsibilities;
• Assist in preparation of various ad-hoc reports; and
• Additional ad-hoc responsibilities based on the needs of the portfolio.

Qualifications

• Bachelor’s Degree in finance, management, business, or equivalent work experience
• Minimum 3-5 years of experience in a real estate or financial service and/or asset /investment management firm
• Strong analytical and computer skills with a thorough knowledge of Excel including the ability to perform cash flow analysis
• Ability to work in a team environment, to think independently and generate quality work product
• Ability to manage multiple priorities and meet tight deadlines
• Adhere to processes and procedures but suggest and implement improvements when warranted
• Self-starter with demonstrated problem-solving abilities
• Accuracy oriented with a sense of urgency and strong focus on customer service
• Ability to work in a fast paced, monotonous and deadline driven environment
• Medium to advanced MS Office skills

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Management

Industries: Real Estate and Financial Services

Benefits may include medical insurance, vision insurance, 401(k), and paid paternity leave.