VP, Asset Management

Atlas Search; New York (NY); On-site; USD 200,000 - 300,000; Full time

Job summary

Atlas Search is seeking a VP-level Asset Manager to own a CRE loan book from closing to repayment in New York City. You will monitor sponsor business plans, run construction draws, refresh cash flow models, and lead workouts when needed.

The role requires a senior, hands-on asset manager who communicates clearly and can manage multiple assets with tight deadlines. You will interact with origination, underwriting, finance, loan servicers, and outside counsel, ensuring accurate reporting and

Qualifications

• 8+ years of CRE debt asset management experience.
• 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.
• Clear written and in-person communication, from IC memos to investor reports.
• Ability to juggle multiple assets and deadlines independently.
• Bachelor's in finance, economics, real estate or a related discipline.

Responsibilities

• Manage an assigned portfolio of CRE debt, including construction and mezzanine loans.
• Run construction and future funding draws against budgets and business plans.
• Refresh cash flow models and asset valuations as financials come in.
• Monitor covenants, maturities, and risk ratings; keep watchlists current.
• Produce quarterly asset reviews and portfolio reports for committees and investors.
• Oversee borrower requests and workouts, including REO strategy with outside counsel.
• Review reporting from third-party servicers and surveillance providers for accuracy.
• Visit properties and maintain close sponsor relationships to inform originations and underwriting.

Skills

CRE debt asset management

Cash flow modeling

Communication skills

Multitasking / deadlines

Education

Bachelor's in finance, economics, or real estate

Tools

Excel

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.