Director / Managing Director, Real Estate Credit Asset Management

Manulife Financial; New York (NY); Hybrid; USD 174,000 - 326,000; Full time

Job summary

A global financial services firm is seeking a Director / Managing Director, Real Estate Credit Asset Management, to oversee asset management functions in real estate credit investing. The ideal candidate will have extensive experience in asset management, strong relationship skills, and a proven track record in managing complex real estate portfolios.

Benefits

Health and dental insurance

401(k) saving plans

Generous paid time off

Employee assistance plans

Qualifications

• Minimum 10 years of asset management experience in real estate credit.
• Experience as an asset manager for a real estate credit fund or mortgage REIT.
• Proven ability to lead asset management for both public and private credit.

Responsibilities

• Actively participate in underwriting new credit investments.
• Supervise risk management and asset lifecycle of real estate credit investments.
• Mentor and train junior team members.

Skills

Relationship-management

Communication

Analytical skills

Risk assessment

Education

Bachelor’s Degree in finance, economics, or related field

Job description

The Director / Managing Director, Real Estate Credit Asset Management role will be responsible for all asset management functions of real estate credit investing activities.

Responsibilities:

Prior to loan closing:

• Actively participate and collaborate with the originations team on the underwriting of all new credit investments to ensure consistency through post-closing

• Assist on diligence and closing processes of new credit investments

• Review all loan documents and understand structure of the loans to accurately asset handle all loans post-closing

• Proactively asset handle all real estate credit investments, including developing institutional asset management processes to ensure visibility and ability to address any potential concerns before concerns arise in deals

• Maintain positive relationships with borrowers and counterparties, balancing oversight/control of deals with future business given we are in a relationship business

• If a credit deal is not performing, run all workouts and potential remedies required to protect the investments, including loan negotiations in collaboration with other senior leaders of Real Estate Credit

• Collaborate with senior team members within Real Estate Credit to develop a detailed quarterly risk management process of all real estate credit investments:

  • The quarterly risk management process will provide all investment professionals within Real Estate Credit of individual deal level performance, business plan updates and any deal-level covenants / turning points we need to address

  • The risk management process will also provide a forum to address any potential leverage updates needed with our counterparties

  • Collaborate with internal valuations team to supervise the internal quarterly risk management process

  • Liaise with external third-party valuation service providers when applicable

• Supervise risk management and asset management lifecycle of all real estate credit investments:

  • Develop an internal real estate credit asset management tracking system for risk management and asset management

  • Anticipate potential deviations from underwritten business plans and or potential credit issues that may result in impact loan-level performance

  • Collaborate with other team members to address / front-run potential upcoming credit issues and coordinate with the team to share with counterparties and / or co-lenders

• Supervise the third-party administrator/servicer and work with third-party loan administrator and servicer to ensure all loans are loaded to the third-party system:

  • Ensure all loans are onboarded accurately to the third-party system

  • Ensure the third-party administrator/servicer works efficiently with internal MIM operations department

  • Ensure all lenders, including our counterparties, receive all money flows accurately from the deals (loan cash waterfall, any reserve fundings/releases and loan fundings, etc.)

  • Provide help to third-party administrator, if they have questions on loan documents

• Support all new originations activities, including lending an extra pair of hands with the loan closing process

• Support financing / capital markets initiatives of the fund and deals such as warehouse, subline and deal-by-deal leverage

• Collaborate with fund administrator to ensure all fund-level reporting on investments are accurate and reflected accurately

• Actively engage in all business development initiatives including fundraising (investment case studies, pitchbooks, participating in meetings with potential investors)

• Collaborate with other members of MIM’s Global Real Estate platform

• Mentor and train junior members

Qualifications:

This role within Real Estate Credit will be a highly motivated, results oriented self-starter who can lead and handle the capital markets for real estate credit platform. The ideal candidate possesses a minimum of 10 years of asset management experience on the buyside within a real estate credit fund, real estate private equity firm, mortgage REIT, or real estate investment bank, able to support and lead an outstanding asset management strategy for real estate credit investing in public and private credit.

• Bachelor’s Degree in finance, economics, or a related field.

• Has experience as an asset manager for a real estate credit fund or mortgage REIT

• Validated ability to actively lead asset management of real estate credit, both public and private credit

• Excellent relationship-management skills to establish, cultivate and maintain positive relationships with institutional investors, partners, and clients.

• Experience with loan asset management, including workout / foreclosure across full lifecycle of a deal

• Excellent communication and interpersonal skills

• Demonstrates attention to detail and can assess potential risks of investments

• Comprehensive understanding of the financial markets, market trends, regulatory requirements, and the ability to develop and implement sound investment strategies

• Strong strategic, analytical and risk assessment skills

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

關於宏利和恒康

宏利金融公司是一家業界領先的國際金融服務商，致力於幫助人們實現「輕鬆投資理財，樂享豐盛人生」。若要進一步了解我們，請瀏覽https://www.manulifeim.com/institutional/tw/en.

宏利是平等機會僱主

在宏利／恒康，我們擁抱多元。我們致力於吸引、培養及挽留和所服務客戶同樣多元的員工，並從而營造包容的工作環境，接納文化和個體差異。我們矢志維持公平的招聘、挽留、晉升及薪酬制度，我們管理的所有實踐及項目不會因種族、血統、原籍地、膚色、族裔、國籍、宗教或宗教信仰、信仰、性別（包括懷孕及其相關情況）、性取向、遺傳特徵、退伍軍人身份、性別認同、性別表達、年齡、婚姻狀況、家庭狀況、殘疾或受適用法律保護的任何其他因素而區別對待。

我們的首要任務是消除障礙，為員工提供平等就業機會。人力資源部代表將盡力為應徵過程中提出要求的申請人提供合理協助。申請人要求提供協助所分享的信息將會按照適用法律及宏利／恒康政策儲存及使用。應徵過程中如需協助，請聯絡 [e-mail]。

Referenced Salary Location

New York, New York

Working Arrangement

混合式

Salary range is expected to be between

$174,000.00 USD - $326,000.00 USD

If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)