SVP, Asset Management - Sponsor Loans

Merchants Capital Corporation; Carmel (IN); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

401(k) contributions

ESOP

Health insurance

Paid time off

Paid holidays

Leaves of absence

HSAs/FSAs

Life insurance

Telehealth

Education assistance

Employee assistance program

Job summary

Merchants Capital seeks a Senior Vice President of Investment Real Estate Asset Management – Sponsor Loans to oversee a portfolio of structured loans and lines of credit for real estate owners and developers. The role balances internal and external stakeholder engagement with leadership of a small team.

The position emphasizes proactive risk management, policy enhancement, and effective communication across departments while guiding underwriting and asset management for sponsor loan

Qualifications

• Minimum 10 years of relevant experience.
• Experience structuring, underwriting, or managing secured and unsecured structured loans, including real estate mortgages.
• Prior asset management and underwriting experience required.
• Organized, detail-oriented with a personable demeanor and strong customer experience.
• Problem-solving skills with a self-start mentality and ability to work under deadlines.
• Excellent written and verbal communication skills with active listening.
• Requires a Bachelor’s in finance, accounting, real estate or related field.

Responsibilities

• Oversee underwriting and structuring of new loan opportunities.
• Oversee ongoing asset management of the loan portfolio.
• Lead a small team and contribute to development of team infrastructure, technology, policies, and staffing.
• Escalate issues and present to Credit Committee and executive management.
• Collaborate with underwriting, originations, legal, and closing on deal-specific issues.

Skills

Underwriting

Asset management

Credit analysis

Team leadership

Communication

Education

Bachelor's in finance/real estate

Job description

Description

The Senior Vice President, Investment Real Estate Asset Management – Sponsor Loans position is responsible for overseeing a portfolio of structured loans and lines of credit to select real estate owners and developers. Responsibilities will include overseeing underwriting and structuring of new loan opportunities as well as overseeing ongoing asset management of this portfolio. This position’s focus will be split between internal and external stakeholders with responsibilities that may cross platforms and departments and will include managerial oversight of a small team.

Success in this position will be comprised of leading, managing and developing the team, proactively monitoring and managing the ongoing risks in the portfolio, effectively communicating with stakeholders, and enhancing existing policies, procedures and tools.

Requirements

• Underwriting of new loan opportunities.
• Manage borrower relationships on a portfolio of secured and unsecured loans utilized for a variety of uses including but not limited to acquisition, pre-development and working capital needs.
• Work with asset manager and analyst to setup and maintain detailed loan files to ensure adequate tracking of funding requirements, disbursements and repayments.
• Monitor sufficiency of a variety of collateral structures including but not limited to pledges of ownership, cash flow, developer fee and business assets.
• Ensure timely, accurate completion of quarterly financial analysis, loan grading and covenant testing.
• Conduct credit analysis for loan extensions and modifications, analyzing historical and anticipated usage and repayment projections as well as collateral adequacy and clearly articulate main risks and mitigants to the transaction.
• Participate in Loan Review Memo presentation calls for new deals to ensure clear understanding of the expectations for AM once the deal closes.
• Involvement in ongoing evaluation of sufficiency of risk rating methodology to ensure grading metrics are appropriate across various lending structures.
• Key point person as team grows, with input on development of team infrastructure, technology platforms, policies/procedures and staffing plans.
• Escalate issues on deals through the monthly Escalation Meeting and present issues to Credit Committee and executive management team.
• Assist with determining best practices for a growing product offering and provide feedback on resource and technology needs.
• Collaborate with other departments within the company including a timely feedback loop to underwriting, originations, legal and closing on deal specific and common theme issues and “lessons learned”.
• Lead special projects upon request.

Expected Experience, Skills and Education

• Minimum 10 years of relevant experience.
• Experience structuring, underwriting, or managing secured and unsecured structured loans, including real estate mortgages.
• Prior asset management and underwriting experience required.
• Requires an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experience.
• Problem-solving skills with a self-start mentality that responds well to work pressure and urgent deadlines.
• Excellent written and verbal communication skills with an ability to actively listen and respond appropriately.
• Encourages strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.
• Requires a minimum of a Bachelors in finance, accounting, real estate or related field.

Our Benefits

• 401(k) employer contributions
• employee stock ownership plan (ESOP)
• medical, dental and vision insurance
• various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability
• health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance
• telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program

Eligibility for benefits is governed by the applicable plan documents and policies.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.