BSP Debt Asset Management Associate, Commercial Real Estate

Franklin Templeton; New York (NY); In loco; USD 100.000 - 130.000; Tempo pieno

Vantaggi offerti da questo lavoro

Health insurance

401k plan

Discretionary bonus

Descrizione del lavoro

Franklin Templeton's Benefit Street Partners in New York City seeks an Associate for Debt Asset Management in Commercial Real Estate. The role involves supporting asset management, loan origination, underwriting, and securitization, with on-the-job training and increasing responsibility.

Responsibilities include financial analysis of properties, reviewing budgets and forecasts, building financial models in Excel/Argus, and preparing investor reports.

Competenze

• 2+ years real estate experience required.
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• Bachelor's degree in business, finance, economics, real estate, or related field.
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Mansioni

• Monitor and analyze the financial performance of properties and portfolios including balance-sheet bridge loans, CMBS loans and other credit investments.
• monitors and analyzes financials of properties and portfolios.

Conoscenze

Analytical skills

Communication skills

Team player

Ability to work in fast-paced env

Formazione

Bachelor's degree in business/finance/economics/real estate

Strumenti

Argus

Excel

Descrizione del lavoro

Debt Asset Management Associate, Commercial Real Estate

Benefit Street Partners (BSP) is part of Franklin Templeton, a forward-thinking asset manager that has built its success through powerful partnerships. We leverage cutting-edge strategies and deep insights to unlock opportunities for long-term wealth creation. Our talented, global teams bring expertise that is both broad and unique.

Benefit Street Partners operates independently as an investment group. It is an alternative credit pioneer that seeks to deliver attractive returns through its relationships, specialist expertise, and global reach. We focus exclusively on credit, building deep expertise across direct lending, structured credit, liquid credit, special situations, infrastructure debt, and real estate.

Visit to learn more about our company.

Position Overview

BSP seeks to hire an Associate with at least 2 years of relevant experience for the Asset Management group located in New York City. The position will report to the Head of Asset Management and work with a strong, seasoned team of asset management, loan origination, underwriting and securitization professionals. Through on-the-job training, the role will evolve as the candidate learns and is ready to take on additional responsibility.

Responsibilities

• Monitor and analyze the financial performance of the properties and portfolios including balance-sheet bridge loans, CMBS loans and other credit investments
• Provide support in the review of property budgets, business plans & quarterly reforecasts
• Develop a working knowledge of leases, loan documents & other legal agreements
• Help develop financial models including discounted cash flows, IRR analysis, NPV analysis, etc. utilizing Microsoft Excel and Argus
• Assist in preparation of monthly, quarterly, and annual investor reports and presentations
• Assist in the administration of on-going loan proceeds disbursements to include construction draws, leasing costs, and release of loan reserves
• Responsible for the aggregation, accuracy and reporting of data to be used for reporting and decision making by credit committee
• Liaise with servicers and borrower to provide optimized client service
• Interface daily with members of origination, legal, finance, securitization and underwriting teams

Qualifications

• 2+ years of full-time experience with a real estate background
• Bachelor's Degree in business, finance, economics, real estate, or related field
• Understanding of real estate fundamentals, commercial office leases, financing principles, and debt capital structures
• Familiarity with loan due diligence to include property appraisals, environmental reports, engineering reports, and insurance reviews
• Loan servicing or construction loan administration experience a plus
• Commercial real estate valuation, underwriting and/or accounting experience a plus
• Outstanding quantitative and analytical skills, attention to detail, ability to multi-task effectively
• Highly proficient in Excel
• Effective oral and written communication skills
• Ability to work both independently and as a team member
• Ability to work in a fast-paced, demanding environment

Compensation Range

Along with base compensation, other compensation is offered such as discretionary bonus, 401k plan, health insurance, and other perks.

We expect the base salary for this position to range between $100,000 - $130,000, plus discretionary bonus.

Equal Opportunity Employer

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. Artificial intelligence or automated tools may be used to assist in the screening, assessment, or selection of applicants for this position.

Job number: 869872 Profession: Investment Management