Senior Associate

Newmark; New York (NY); Hybrid; USD 85,000 - 125,000; Full time

Job summary

Newmark seeks a Senior Associate to join its asset management team, focusing on a diverse portfolio of transitional commercial loans. You will perform loan surveillance, DCF analysis, and collateral valuation, while coordinating with servicers, borrowers, and lenders.

This role supports quarterly and annual reviews and presents findings to the Portfolio Manager. The position is hybrid, based in NYC/Atlanta/Kansas City with exposure to multiple markets and property types.

Qualifications

• Bachelor’s degree required in real estate, economics, finance or related field.
• 3-5 years of commercial real estate experience, including asset management, underwriting or valuation.
• Proficiency in Argus and Microsoft Excel is required.
• Excellent verbal and written communication skills are essential.
• Strong financial and quantitative acumen including experience with DCF analysis and collateral valuation.

Responsibilities

• Provide asset management support and loan surveillance for a multi‑billion-dollar real estate portfolio.
• Monitor performance relative to underwriting, budget, and covenants across markets and property types.
• Coordinate with servicers, borrowers, and lenders to manage relationships and processes.
• Perform quarterly asset updates and annual loan reviews, including lease and collateral analysis.
• Present key findings and recommendations to the Portfolio Manager and head of asset management.
• Prepare credit committee memos for loan modifications when needed.

Skills

Financial analysis

Communication skills

Quantitative reasoning

Education

Bachelor's degree in real estate, Economics, Finance or other related field

Tools

Argus

Microsoft Excel

Job description

Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world’s largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.

JOB DESCRIPTION:

This role will be dedicated to the asset management team of a global investment bank overseeing a multi-billion-dollar portfolio of transitional real estate loans.

We are currently seeking a senior associate to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The senior associate will be tasked with providing asset management support and qualitative and quantitative loan surveillance and re-underwriting of existing loans for a growing portfolio of commercial real estate loans.

The role will support quarterly and annual loan reviews, including collateral valuation (DCF) as part of the annual review process.

LOCATION:

This position can be hybrid and will be based out of the firm’s Kansas City, Atlanta, or NYC office.

ESSENTIAL DUTIES:

• Provide commercial real estate analysis and debt re-underwriting of existing loans across all markets and property types
• Monitor each position’s performance relative to underwriting, budget, and covenants within loan documents
• Coordination with and/or management of various third parties including servicers, borrowers, and lenders, amongst others
• Monitor performance of core, transitional/value-add operating properties including performing lease analysis, TI/LC and escrow disbursement draw reviews, reviewing collateral operating performance (leasing, market, rents, occupancies, concessions), and loan covenant testing (including DSCR and debt yield, as applicable)
• Complete quarterly asset updates for various assets and annual loan reviews
• Present quarterly/annual reviews and key conclusions to the fund’s Portfolio Manager and head of asset management
• Occasionally update and/or create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives

SKILLS, EDUCATION AND EXPERIENCE:

• Bachelor’s degree in real estate, Economics, Finance or other related field required
• 3-5 years of experience in commercial real estate is required, including direct experience with investment management, asset management, loan origination, real estate valuation/appraisal, and/or underwriting
• Must be proficient in Argus and Microsoft Excel.
• Excellent verbal and written communication skills
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management, including experience with discounted cash flow (DCF) analysis and collateral valuation