VP, Asset Management (Alternatives)

Harbor Group Management in; New York (NY); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Competitive salary

Bonuses

Paid Time Off

401(k) Plan

Health benefits

Expense reimbursement

Job summary

Harbor Group Management is seeking a Vice President of Asset Management (Alternatives) to lead a portfolio of debt and alternative investments from the New York corporate office. The role oversees performance, borrower interfaces, and compliance, partnering with Finance and Investor Relations for cash management and distributions.

The ideal candidate has 7–10 years in real estate debt asset management, strong analytical skills, and a track record in multi-market asset oversight, including

Qualifications

• Bachelor's degree required; MBA/Real Estate master preferred.
• 7–10 years of real estate debt asset management experience across US markets.
• Multifamily focus; knowledge of securitizations is a plus.
• Strong financial modelling including NPV/DCF/IRR.

Responsibilities

• Monitor performance of investments with monthly reports and sponsor updates.
• Serve as primary point of contact with borrowers/sponsors.
• Oversee loan draws, escrow accounts, and compliance requirements.
• Lead portfolio reviews and coordinate with Finance and Investor Relations.
• Oversee workouts, restructurings, and team development.

Skills

Analytical skills

Communication

Leadership

Problem solving

Education

Bachelor's degree

MBA or Real Estate master's preferred

Tools

MS Excel

Argus

MRI

Job description

VP, Asset Management (Alternatives) (Finance)

Job Title: Vice President, Asset Management (Alternatives)

Location: On-Site New York, NY Corporate Office

Position Summary:

The Vice President, Asset Management is part of Harbor Group's Asset Management group, which manages all the company's direct equity, preferred equity, and debt portfolio investments. The Vice President will act as an asset manager for a portfolio of debt and alternative investments which include but are not limited to whole loans, mezzanine loans, preferred equity, and pooled mortgage vehicles - such as Freddie Mac KF series bonds.

The Asset Manager is responsible for managing all performance aspects of their portfolio including portfolio surveillance and reporting, borrower/sponsor interface, loan compliance and servicing. The AM will work closely with the Transactions, Legal, and Investor Relations teams on new acquisitions and the oversight of portfolio investments and with the Finance team related to cash management and payment collection.

Essential Duties & Responsibilities include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be performed as deemed necessary by Harbor Group Management Company.

Whole Loans, Mezzanine Debt and Preferred Equity:

• Monitor the performance of each investment including detailed reviews of monthly financial and operating reports, regular updates with project sponsors/property managers, etc., with a focus on identifying issues early and being proactive in addressing them.
• Serve as the primary point of communication with the borrower/sponsor.
• Assess and respond to Borrower/Internal approval requests in consultation with the Head of Debt & Alternatives Asset Management and the Special Servicing Committee.
• Oversee loan draws and the administration of escrow accounts.
• Understand and monitor key dates and compliance requirements from all underlying documents including the first mortgage, operating agreements, and specific loan documents.
• Ensure that all reporting deadlines and other compliance requirements are met by the borrower/sponsor and monitor any other performance requirements such as DSCR tests, etc.
• Maintain credit/loan servicing files.
• Review and approve budgets and other items as required by the governing documents.
• Conduct regular site visits and market research to assess the underlying collateral.

Pooled Mortgage Securities:

• Review monthly reports received from the trustee and/or servicers, again with a focus on identifying issues early and being proactive in addressing them.
• Conduct regular/monthly loan portfolio reviews with special servicers, with a focus on servicer- and internally designated watchlist loans, large loans, and other loans of interest.
• Assess and respond to approval requests in consultation with the Head of Debt & Alternatives Asset Management and Special Servicing Committee.
• Ensure compliance with agreements between HGI and other parties such as the special servicer and institutional investors.

All Assets:

• Participate in the administration and management of securitization initiatives and other credit facilities relating to the whole loan portfolio and other Freddie Mac initiatives.
• Support and participate directly in the preparation of all monthly reporting processes.
• Effectively and professionally communicate with, present to, and respond to questions from large institutions, groups of executives, investors, lenders, and partners.
• Participate directly in the quarterly/annual valuation, audit, and compliance reporting processes.
• Working with the Finance team, ensure that all loan/security payments are received.
• Working with Investor Relations team, make recommendations related to investor distributions.
• Oversee and lead any work outs, loan modifications and restructurings for assigned loans as needed.
• Directly oversee and manage assigned Analyst and/or Associate staff and support the training and development of junior level team members within the group more generally.

Qualifications:

• Bachelor's degree is required and an MBA or a Master's in Real Estate or other relevant field is preferred.
• A minimum of 7-10 years of real estate debt asset management experience, with demonstrated experience asset-managing and/or servicing debt portfolios in multiple US markets (whole/senior/mezzanine loans and/or real estate securities).
• Multifamily property sector experience is required; commercial property experience preferred.
• Experience with 3 rd party providers of financing and preparing, executing and monitoring securitizations is a plus.
• Superior analytical and problem-solving skills, with experience in providing creative and innovative solutions to real-time challenges.
• An investment mindset with a thorough understanding of financial calculations such as NPV, DCF, and IRR.
• Must be well-versed in project proformas and understanding deals, and able to articulate, both orally and in written form, the case for a specific project.
• Proficiency with MS Excel and Word required; proficiency with Argus, MRI, and AI a plus.

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WHAT WE OFFER:

• Competitive Salaries & Bonuses
• Medical, Dental & Vision Plans
• 401(k) Plan with Employer Matching Contributions
• Paid Time Off (PTO) & 10+ Paid Holidays
• Paid Parental Leave
• Paid Birthday Off (Multifamily)
• Flexible Spending Accounts
• Company-Paid Long-Term Disability
• Company-Paid Life Insurance
• Short-Term Disability
• Health Savings Account with Employer Contributions
• Pre-Tax Commuter Benefit (Corporate)
• Wellness Perks
• FinFit Financial Wellness Program
• Legal Resources
• Employee Apartment Discount
• Employee Referral Program
• Employee Assistance Program
• Tuition Reimbursement
• Insta Pay Eligible
• Volunteer & Community Service Opportunities
• Employee Recognition & Awards

Benefit eligibility will be determined at the time of hire. Eligibility for certain benefits may vary based on position, location, hours worked, and other qualifying criteria.

Veteran Friendly

This pre-employment application will be given every consideration, but its receipt does not imply that the applicant will be employed. Each question should be answered in a complete and accurate manner as no action can be taken on this application until all questions have been answered.

Harbor Group Management is proudly an Equal Opportunity Employer EOE/M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.