VP, Asset Management

CRE Finance Council; New York (NY); On-site; USD 200,000 - 300,000; Full time

Job summary

CRE Finance Council in New York, NY is seeking a VP-level Asset Manager to own a CRE loan book from closing to repayment, monitor sponsor business plans, and lead modifications and workouts when needed.

The role requires 8+ years of CRE debt AM experience, hands-on experience with construction loan draws, and strong cash flow modeling with advanced Excel. MBA/CFA preferred; Argus experience a plus. Onsite NYC.

Qualifications

• 8+ years CRE debt asset management experience.
• Hands-on experience running construction loan draws.
• Bachelor's in finance, economics, real estate or related field.
• Strong cash flow modeling and advanced Excel skills.

Responsibilities

• Manage an assigned portfolio of CRE debt, including construction and mezzanine loans.
• Run construction and future funding draws against budgets and plans.
• Refresh cash flow models and asset valuations as rent rolls arrive.
• Monitor covenants and maturities, including DSCR and reserves; maintain risk ratings.
• Produce quarterly asset reviews and portfolio reports for investment committee and investors.
• Support modifications, extensions, and workouts with outside counsel.
• Oversee third-party servicers and outsourced surveillance providers; review reporting for accuracy.

Skills

Asset management

Cash flow modeling

Excel advanced

Communication

Project management

Deal structuring

Education

Bachelor's in finance

MBA or CFA preferred

Tools

Argus

Job description

Our client, a commercial real estate credit investor in New York, is hiring a VP-level Asset Manager to own a book of CRE loans from closing to repayment: tracking each sponsor's business plan, spotting trouble early, and leading modifications and workouts when a deal needs them.

Compensation: $200,000 to $300,000

Location: NYC (5 days/week onsite)

What You'll Do

• Manage an assigned portfolio of CRE debt, including construction and mezzanine loans, across property types.
• Run construction and future funding draws, checking each request against the approved budget and business plan.
• Measure sponsor execution against underwriting (leasing, budget, rent growth, timing of the exit) and refresh cash flow models and asset valuations as property financials and rent rolls come in.
• Monitor covenants and maturities, including DSCR, debt yield, reserves and extension conditions; keep risk ratings and the watchlist current.
• Produce quarterly asset reviews and portfolio reports for investment committee and investors.
• Work borrower requests (consents, modifications, extensions, partial releases) and run or support workouts and restructurings, including REO strategy, with outside counsel.
• Oversee third-party servicers and outsourced surveillance providers, reviewing their reporting for accuracy.
• Visit properties, stay close to sponsors, property managers and brokers, and bring portfolio lessons back to originations and underwriting.

What We're Looking For

• 8+ years of CRE debt asset management experience at a real estate credit fund, mortgage REIT or bank lending group.
• Hands-on experience running construction loan draws.
• A sitting VP in asset management, or a senior associate ready to step into a VP seat.
• Working knowledge of CRE loan documentation, including intercreditor and cash management provisions.
• Cash flow modeling and advanced Excel skills.
• Communicates clearly in writing and in person, from IC memos to investor reports.
• Able to juggle multiple assets and deadlines independently.
• Bachelor's in finance, economics, real estate or a related discipline.

Preferred

• Direct experience with modifications, workouts or REO.
• Transitional (bridge) lending across several property types.
• Argus.
• An MBA or CFA, completed or in progress.
• Appetite to help build templates, policies and systems for the asset management function.

The Environment

Our client invests in commercial real estate debt and is based in New York, NY. The role works day to day with the origination and underwriting teams, finance, loan servicers and outside counsel.