CRE Asset Management Associate — Loans, Unlimited PTO

RRA Companies LLC; Phoenix (AZ); On-site; USD 95,000 - 150,000; Full time

Benefits offered by this job

Medical insurance

401(k) with employer match

Unlimited PTO

Job summary

RRA Capital in Phoenix is seeking an Associate with 3-5 years of commercial real estate experience to actively manage a portfolio of transitional and value-add loans. The role requires strong real estate and credit judgment across post-closing business plan execution, extensions, modifications, workouts and resolution.

You will collaborate with underwriting, originations, capital markets, loan servicing, finance and legal teams to monitor performance, review borrower reporting and maintain

Qualifications

• 3-5 years of commercial real estate experience, preferably in debt asset management, underwriting, lending or acquisitions.
• Experience underwriting or managing performing commercial real estate loans; floating-rate bridge or transitional loan experience preferred.
• Non-performing loan, workout or equity real estate experience is a plus.
• Experience underwriting multiple property types and value-add business plans preferred.
• Strong commercial real estate underwriting and financial modeling skills, including advanced Excel proficiency.

Responsibilities

• Manage a portfolio of commercial real estate loans by reviewing borrower reporting, monitoring performance against underwriting and business plans, and maintaining asset-level models and valuations.
• Identify emerging credit, operational, sponsorship and market risks; maintain risk ratings and watchlists; and recommend actions.
• Review loan documents and monitor covenants, extension conditions, reserves, cash management, reporting requirements and maturities.
• Evaluate borrower requests, including extensions, modifications, draws, reserve releases and other lender consents.
• Manage borrower and sponsor relationships and prepare asset-level reporting and recommendations for senior management and investment committees.
• Collaborate with Underwriting, Originations, Capital Markets, Loan Servicing, Finance and Legal teams throughout each investment.
• Support workouts, foreclosure and REO analysis, property inspections, market research and portfolio valuations.

Skills

Credit judgment

Underwriting

Financial modeling

Portfolio management

Borrower communication

Tools

Excel

Underwriting software

Job description

RRA Capital in Phoenix is seeking an Associate with 3-5 years of commercial real estate experience to actively manage a portfolio of transitional and value-add loans. The role requires strong real estate and credit judgment across post-closing business plan execution, extensions, modifications, workouts and resolution.

You will collaborate with underwriting, originations, capital markets, loan servicing, finance and legal teams to monitor performance, review borrower reporting and maintain