Portfolio Associate/Asset Manager

Stage; Dallas (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

Stage is seeking an analytical and proactive asset manager to join the Credit Asset Management team in Dallas, Texas. The role involves overseeing a portfolio of loans and participating in special projects related to platform growth.

The ideal candidate will have 5-7+ years of experience in asset management for commercial real estate loans, excellent communication skills, and a strong proficiency in financial modeling. An opportunity for collaboration with various departments within KKR is included.

Qualifications

• 5-7+ years of related work experience in asset management of loans secured by commercial real estate.
• Fundamental knowledge of commercial real estate, fixed income, and financial concepts.
• Team player with strong relationship-building skills.

Responsibilities

• Analyze and evaluate draw requests and lease approvals.
• Monitor portfolio performance for potential adverse credit issues.
• Prepare and present asset performance reports.

Skills

Analytical skills

Communication skills

Financial modeling skills

Microsoft Excel proficiency

Attention to detail

Education

Bachelor's degree or equivalent experience

Tools

Microsoft PowerPoint

Argus

Job description

Position Overview

K-Star is seeking an intelligent, analytical, and proactive asset manager to join the Credit Asset Management team. The asset manager will be responsible for the oversight and reporting on a portfolio of loans secured by stabilized, light to high transitional and possibly construction projects located throughout the United States. The qualified candidate will also be expected to participate in special projects and assignments related to the growth of the platform. With a goal of process development and execution, this candidate must be an exceptional communicator and have the ability to build strong partnerships across the various KKR businesses, including the Firm's real estate credit originations, legal, finance, and asset management teams.

Responsibilities

• Analyze and evaluate draw requests, lease approvals, loan modifications and various other borrower requests and periodic underwriting of collateral
• Monitor portfolio performance for potential adverse credit issues and trend analyses
• Analyze and utilize monthly and/or quarterly financial statements and rent rolls with comparison against underwriting and budgets
• Monitor national, regional and local market dynamics to assess tenant credit risks and concentrations
• Prepare and present asset performance reports to company management and other investor parties
• Collaborate with construction consultants and other members of the project team to monitor schedules, budgets, leasing and business plans in real time
• Interpret complex loan documents to confirm and track satisfaction of relevant loan terms and covenants
• Work closely with investment team on relationship management of transaction sponsor
• Partner with internal and external legal counsel when evaluating legal issues and documenting various transactions arising from the asset management of the portfolio
• Mentor and coach portfolio analysts in analyzing operating statements and rent rolls and supporting other asset management responsibilities
• Manage special projects, including implementation of new technologies to support K-Star's platform
• Travel on an as needed basis

Qualifications

• Bachelor's degree or equivalent experience preferably in a related course of study
• 5-7+ years of related work experience in asset management of loans secured by commercial real estate
• Fundamental knowledge of commercial real estate, fixed income, and general financial conceptsSuperior analytical and financial modeling skills
• Excellent organizational, verbal, and communication skills
• Exceptional attention to detail and thoroughness is required to ensure accuracy in all data and work product
• High proficiency with Microsoft Excel, Word, PowerPoint and Outlook
• Special Servicing, Argus, construction loan or development experience a plus
• Team Player with collaborative and strong relationship building skills with the ability to work independently in a way that reflects the company's culture and core values
• Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner

Equal Opportunity Statement

KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.

KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email [e-mail]. Emails sent for unrelated issues, such as following up on an application, will not receive a response.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access https://www.kkr.com/careers because of your disability. You can request reasonable accommodations by sending an email to [e-mail]. Only emails left for this purpose will be returned.

Massachusetts Applicants

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. This notice applies only to applicants and employees who work or will work in Massachusetts, in accordance with applicable state law.