Vice President, Asset Management

NEWMARK; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

A leading company in commercial real estate is seeking a Vice President for its Asset Management team. The role involves managing a diverse portfolio of transitional commercial loan assets, necessitating extensive experience in real estate and investment management. Candidates should possess strong financial acumen and communication skills, along with the ability to thrive in a fast-paced environment.

Benefits

Competitive benefits package

Qualifications

• Requires 8+ years of commercial real estate experience.
• Proficient in Excel and PowerPoint, ARGUS preferred.

Responsibilities

• Provide real estate analysis and debt underwriting.
• Oversee performance of multifaceted transitional assets.
• Mentor junior staff and contribute to department objectives.

Skills

Financial acumen

Verbal communication

Written communication

Quantitative analysis

Real estate analysis

Debt underwriting

Project management

Education

Bachelor's Degree in Real Estate, Economics, Finance

Tools

Microsoft Excel

PowerPoint

ARGUS

Job description

ABOUT NEWMARK GROUP, INC. (NASDAQ : NMRK) : together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ending March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow us @newmark.

ABOUT SPRING11 : 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 is a Spring11 position, but the role will be dedicated to the Asset Management team of a multi-billion-dollar, real estate private equity firm & debt fund.

Spring11, on behalf of its client, is seeking a Vice President 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 Vice President will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans. The ideal candidate for the role has a bachelor's degree (or higher education) in addition to a minimum of 8 years of commercial real estate experience including direct experience with investment management, asset management, commercial property management, loan origination and / or underwriting.

Responsibilities

ESSENTIAL DUTIES :

• Provide commercial real estate analysis and debt underwriting 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, 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 create credit committee presentation memos for loan modifications
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platform

SKILLS, EDUCATION AND EXPERIENCE :

• Bachelor's Degree in Real Estate, Economics Finance or other related field required
• Minimum of 8 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 RANGE : $110,000 - $150,000 annually

The expected base salary for this position ranges from $110,000 to $150,000 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 the 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.

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