Spring11 - Associate, Asset Management

Newmark; Kansas City (MO); On-site; USD 70,000 - 105,000; Full time

Job summary

Newmark in the United States seeks an Associate to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction. The Associate will provide asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.

The ideal candidate has a Bachelor's in Real Estate/Finance, 3+ years CRE experience, and strong skills in Excel and PowerPoint.

Qualifications

• Bachelor's degree in Real Estate, Economics, Finance or related field is required.
• Minimum of 3 years of experience in commercial real estate including investment management, asset management, commercial property management, loan origination and/or underwriting
• Proficiency in Microsoft Excel and PowerPoint; ARGUS experience preferred
• Excellent verbal and written communication skills
• Ability to work in a fast-paced and quickly changing environment

Responsibilities

• Provide CRE analysis and debt underwriting across all markets and property types
• Support senior asset managers in monitoring performance relative to underwriting, budget, and covenants
• Coordinate with servicers, borrowers, lenders, and construction consultants
• Review and approve draw requests for renovation and ground-up construction projects
• Monitor performance of transitional/value-add assets including lease analysis and covenant testing
• Prepare quarterly asset updates for assets
• Assist in credit committee memos for loan modifications
• Collaborate to achieve department and firm objectives
• Mentor junior staff to support a growing Asset Management platform

Skills

Analytical thinking

Verbal & written communication

Financial modeling

Problem solving

Education

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

Tools

ARGUS

Microsoft Excel

PowerPoint

Job description

Spring11,anaffiliateofNewmarkprovidesafullsuiteofcommercialrealestateservicestoawiderangeofclientsincludingsomeoftheworld'slargestbanks,debtandequityfunds,REITs,lifeinsurancecompanies,brokerages,andinvestorsthroughouttheUnitedStatesandEurope.Ourteamconsistsofover600employeesbasedinNewYork,Atlanta,Houston,BocaRaton,KansasCity,andChennai,India.

WearecurrentlyseekinganAssociatetojoinourgrowingteamtoworkonadiverseportfoliooftransitionalcommercialloanassets,includingground-upconstruction,spanningvariouspropertytypesandregions.TheAssociatewillbetaskedwithprovidingassetmanagementsupportandqualitativeandquantitativeloanunderwritingforagrowingportfolioofcommercialrealestateloans.

JOBDESCRIPTION:

We are currently seeking an 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 Associate will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.

ESSENTIAL DUTIES:

• Provide commercial real estate analysis and debt underwriting across all markets and property types
• Support the senior asset managers in monitoring 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, lenders, and construction consultants, amongst others
• Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Complete quarterly asset updates for various assets
• Update and/or help create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform

SKILLS,EDUCATIONANDEXPERIENCE:

• Bachelor's Degree in Real Estate, Economics Finance or other related field required
• Minimum of 3 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
• Must be proficient in Microsoft Excel and PowerPoint; ARGUS experience 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
• Ability to work in a fast-paced and quickly changing environment

Salary: $70,000 - $105,000 annually

The expected base salary for this position ranges from $70,000 to $105,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

WORKING CONDITIONS:

Normal working conditions with the absence of disagreeable elements

NOTE:

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.