Vice President, CRE Draw Management

SitusAMC; Atlanta (GA); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

PTO

Paid holidays

Medical/dental/vision insurance

401K

Job summary

SitusAMC is seeking an experienced asset management professional to lead end-to-end construction and reserve draw management for a diverse portfolio of commercial real estate loans. You will supervise junior staff, ensure accuracy, and coordinate with lenders, sponsors, and borrowers to meet loan documentation requirements.

The role requires strong financial modeling skills (IRR, NPV, DSCR), deep knowledge of CRE debt and equity assets, and the ability to manage partner expectations while

Qualifications

• Bachelor’s degree; preferred field: real estate, finance/accounting, business or equivalent combination of education and experience
• Minimum of 8+ years in industry with 2+ years in AVP or external equivalent
• Experience in commercial real estate and debt or equity asset management preferred
• Proficiency with CRE calculations (IRR, NPV, DSCR) and underwriting concepts

Responsibilities

• Ensure tasks assigned to team members are completed in a timely manner while adhering to all internal control requirements, audit standards, and client service levels
• Perform QC of junior team members’ work product to ensure high standards of quality, accuracy and completeness
• Manage client expectations and serve as an initial point of contact for process clarification and project coordination
• Supervise and mentor junior team members fostering collaboration and continuous improvement
• Review draw packages for accuracy; coordinate with borrowers to satisfy disbursement conditions
• Monitor capital sources and uses to ensure loan balance; coordinate resolutions with borrowers
• Analyze and prepare recommendations for Lender approval for construction or disbursement items
• Review invoices and lien waivers; order and review inspection reports and title updates
• Update budget trackers and ensure minimum contingencies are maintained
• Collaborate with teams to ensure timely, accurate client deliverables and high customer satisfaction
• Escalate non-compliant issues to senior leadership and support resolution

Skills

Financial modeling

CRE fundamentals

Loan servicing

Team leadership

Communication

Education

Bachelor’s degree in real estate/finance/business

Tools

Excel

IRR/NPV analysis

LSTA/Misys (plus)

Job description

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

This role is responsible for performing independent end-to-end management of construction and reserve draw requests for a diverse portfolio of loans, sponsors and clients across all commercial real estate property sectors and for processing borrower consents, financial analysis, and other ad hoc asset management duties that fall within respective contracted scope of service as well as overseeing junior staff performing these functions. This position involves a high level of interaction with asset management and loan management teams to deliver accurate, timely and consistently high-quality deliverables.

Essential Job Functions

• Ensure tasks assigned to team members are completed in a timely manner while adhering to all internal control requirements, audit standards, and client service levels.
• Perform QC of junior team members’ work product to ensure SitusAMC’s high standards are achieved in terms of quality, accuracy and completeness.
• Manage client expectations and serve as an initial point of contact for process clarification and project coordination for respective areas of responsibility.
• Supervise and mentor junior team members fostering a culture of collaboration, accountability, and continuous improvement to exceed client needs.
• Review draw packages for accuracy, coordinate receipt of missing information from borrower, confirm all disbursement conditions have been satisfied in accordance with relevant loan documentation and communicate deficiencies to Lender where applicable.
• Manage borrower consent requests including collection of required documents, confirmation of completed package and coordination of approval with co-lenders in accordance with relevant loan documentation.
• Monitor capital sources and uses to confirm the loan remains in balance and coordinate resolution of imbalance with Borrower when applicable.
• Review TI/LC allowances and change orders to confirm compliance with the loan documentation and leases.
• Analyze and prepare recommendations for Lender approval (if applicable) for construction or disbursement items noted in the loan documents.
• Review invoices and lien waivers.
• Order and review inspection reports and title updates/endorsements/date downs.
• Update budget trackers and confirm minimum hard and/or soft cost contingencies remain at or above minimums required by loan documents.
• Collaborate with team members and other departments to ensure timely and accurate client deliverables, maintaining excellent service delivery and high-quality customer satisfaction.
• Correspond with Sponsors/Borrowers for updates on property-level items such as capital expenditure projects, leasing progress, and construction status.
• Assist leadership in monitoring key performance indicators (KPIs) to determine adherence to service level agreements (SLAs) and defects to identify areas for improvement.
• Escalate non-compliant issues to senior leadership and provide support for resolution where required.
• Such other activities as may be assigned by your manager.

Qualifications/ Requirements

• Bachelor’s degree; preferred field of study: real estate, finance/accounting, business or equivalent combination of education and experience strongly preferred
• Minimum of 8+ years of industry and/or combination of relevant experience, typically with 2+ years in an AVP level role or external equivalent
• Experience in commercial real estate and debt or equity asset management preferred
• Proficiency with major property types (office, industrial, retail, multifamily)
• Basic knowledge of specialty property types (hotels and condominiums)
• Proficiency with advanced CRE principles including underwriting, loan servicing and treasury practices
• Proficient with common CRE calculations and concepts: IRR’s, NPV, DSCR’s, DY, NOI/NCF
• Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties)
• Basic knowledge of complex debt positions (participations, syndications, CLO’s, senior and mezzanine debt, warehouse and repo lines)
• Ability to create complex financial models in Excel or similar programs and demonstrate strong analytical skills.
• Build and maintain strategic client relationships as a trusted advisor and escalation point, ensuring service alignment.
• Lead, mentor, and/or manage high-performing group of asset management services professionals, fostering a culture of internal cooperation, accountability, and continuous improvement.
• Ability to collaborate with all functional verticals and respective leaders to assist with the execution of business's strategic goals and initiatives while fostering an environment of collaboration and cooperation to ensure success of day-to-day deliverables.
• Excellent written and verbal communication skills; ability to engage and present to stakeholders and all levels of the business.
• Excellent problem solving and decision-making skills; ability to address complex issues and provide clear recommendations for resolution.
• Ability to lead and contribute to a high performing team in a fast paced, high-volume environment by providing guidance on task workflow, prioritization and meeting requisite deadlines
• Ability to influence adoption of new software applications, new processes on various technology platforms and manage occasional testing by loan management for new technology deployments
• Strong Microsoft Office Suite skills including Word, Excel, PowerPoint, Outlook, etc.
• Experience with industry-related technologies such as Enterprise! McCracken Strategy, LSTA, Misys and/or Backshop is a plus.

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$100,000.00 - $140,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal