Spring11 - Asset Management Analyst

Newmark; Atlanta (GA); On-site; USD 60,000 - 80,000; Full time

Job summary

Newmark is looking for a motivated Asset Management Analyst in Atlanta, GA, to manage high-yield debt and equity positions across a variety of clients. This role involves supporting asset management functions and monitoring performance.

The ideal candidate should have a Bachelor’s degree in Real Estate, Economics, or Finance, and 1-2 years of relevant experience. Excellent communication skills and proficiency in Microsoft Excel are essential. Salary range is $60,000-$80,000 annually.

Qualifications

• 1-2 years of experience related to commercial real estate industry preferred.

Responsibilities

• Support senior asset managers in monitoring performance relative to underwriting.
• Coordinate with team members and manage third parties including servicers and borrowers.
• Handle the draw review process for construction projects of varying sizes.
• Monitor performance of transitional/value-add operating properties.
• Complete quarterly asset updates and present to clients.
• Re-underwrite assets semi-annually or annually.
• Construct monthly debt waterfalls for cash-managed deals.
• Collaborate with various servicing departments to maintain loan compliance.
• Perform ad-hoc duties including underwriting support as needed.

Skills

Excellent verbal and written communication skills

Financial and quantitative acumen

Proficient in Microsoft Excel

High attention to detail

Strong organizational and multi-tasking skills

Ability to work in a fast-paced environment

Education

Bachelor’s Degree in Real Estate, Economics, Finance, or related field

Job description

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.

Spring11 is seeking a highly motivated Asset Management Analyst to join our growing team. The Analyst will be responsible for the management of high-yield debt and equity positions for various bank, REIT, and Private Equity clients. The position will focus on supporting Asset Management functions for a portfolio primarily made up of ground-up developments and transitional operating properties. The portfolio spans various commercial real estate property types and regions.

Responsibilities

• Supporting the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
• Coordinating with and/or managing various third parties including servicers, borrowers, lenders, and construction consultants, amongst others
• Managing the draw review process for ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitoring performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Completing quarterly asset updates for each asset and presenting to client as required
• Re-underwriting each asset on a semi-annual or annual basis and providing support for diligence and underwriting as needed
• Constructing monthly debt waterfalls for cash managed deals, and working alongside the Treasury team to ensure funds are administered properly
• Working collaboratively with Servicing, Insurance, Tax, and other related servicing departments, in order to maintain proper Loan compliance and lien position security
• Performing other ad-hoc duties, including providing periodic underwriting support, as needed

Skills, Education and Experience

• Bachelor’s Degree in Real Estate, Economics, Finance, or other related field required
• 1-2 years of experience related to commercial real estate industry is preferred
• 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
• Must be proficient in Microsoft Excel
• High attention to detail
• Strong organizational and multi-tasking skills
• Ability to work in a fast-paced and quickly changing environment

Salary

$60,000-$80,000 annually.

Working Conditions

Normal working conditions with the absence of disagreeable elements.

The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.