Real Estate Portfolio Management - Associate

SMBC Group; Northern, New York (KY, NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

SMBC Group in New York, NY is seeking an Associate to manage day-to-day portfolio activities for commercial real estate direct-lending and back-levered transactions of low to moderate complexity. You will work under the Team Head and senior portfolio managers to execute, maintain data integrity, and identify issues.

The role emphasizes disciplined execution, borrower-facing support, and progress toward deeper credit judgment. This is a hybrid position with competitive compensation and benefits.

Qualifications

• Bachelor’s degree in finance, real estate, economics, accounting, or related field.
• 2–4 years of experience in CRE portfolio management, asset management, credit risk, lending, or related.
• Experience with back-levered structures is a plus but not required.

Responsibilities

• Manage day-to-day portfolio activities for CRE direct-lending and back-levered transactions of low to moderate complexity.
• Ensure data accuracy, audit readiness, and standardized folder structures.
• Act as initial contact for borrowers or agents; escalate issues as needed.
• Maintain performance trackers comparing operating and financial results to base case.
• Review borrower reporting for completeness and identify variances for escalation.
• Monitor covenants, cash sweep, milestone dates, and extension requirements.
• Prepare annual and interim credit reviews with supporting analysis under guidance.
• Update financial projections based on performance and market inputs.
• Support risk rating and regulatory classification processes with organized analysis.
• Assist in analyzing amendments, waivers, consents, and refinancings.
• Coordinate with stakeholders and counsel; track approvals and closing deliverables.
• Support portfolio initiatives and ad hoc analyses.

Skills

Excel

Word

Financial spreading

Basic modeling

Education

Bachelor’s degree in finance, real estate, economics, accounting, or a related field

Tools

Excel

Word

Financial spreading

Modeling basics

Job description

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Job Level: Associate

Location: New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 8393

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $150,000.00and $200,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

The Associate is an early-career individual contributor responsible for day-to-day portfolio management activities for a portfolio of commercial real estate direct-lending and back-levered transactions of low to moderate complexity. The role focuses on disciplined execution, data accuracy, and issue identification, with work performed under the guidance of the Team Head and senior portfolio managers. Over time, the Associate is expected to build deeper credit judgment, transaction understanding, and borrower-facing capability, supporting more complex assets and situations as experience grows.

Role Objectives: Delivery

• Manage deal transfers from origination by collecting and organizing executed loan documents, credit approvals, and required reporting.
• Establish and maintain standardized folder structures and tracking tools to ensure data integrity and audit readiness.
• Serve as an initial point of contact for borrowers or administrative agents for routine matters, escalating issues as appropriate.
• Maintain performance trackers comparing operating and financial results against the approved base case.
• Review borrower reporting packages for completeness and consistency, identifying trends or variances requiring escalation.
• Monitor key structural features such as covenants, cash sweep triggers, milestone dates, and extension requirements.

Credit Support & Reviews

• Prepare draft annual and interim credit reviews, including performance summaries, risk considerations, and supporting analysis, under senior guidance.
• Assist in updating financial projections based on observed performance and market inputs, following established assumptions.
• Support internal risk rating and regulatory classification processes with well-organized analysis and documentation.

Amendments, Consents & Special Requests

• Assist in analyzing the credit impact of amendments, waivers, consents, and refinancings.
• Coordinate with internal stakeholders and external counsel on documentation, comments, and approvals.
• Track internal approvals and closing deliverables to support timely execution.

Team & Stakeholder Support

• Respond to internal and external information requests related to assigned portfolios.
• Support senior team members on special projects, portfolio initiatives, and ad hoc analyses.

Qualifications and Skills

• Education: Bachelor’s degree in finance, real estate, economics, accounting, or a related field.
• Experience: 2-4 years of experience in commercial real estate portfolio management, asset management, credit risk, lending, or a related function. Familiarity with back-levered (a.k.a. note-on-note or warehousing) structures preferred but not required.
• Technical Skills:
• Strong proficiency in Excel and Word; experience with financial spreading and basic modeling.
• Working knowledge of commercial real estate loan structures and key loan documents.

Additional Requirements

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].