VP- Asset Management (Commercial Real Estate)

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

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid paternity leave

Paid maternity leave

Tuition assistance

Job summary

A leading real estate firm is seeking a Vice President to join their Asset Management team in New York. The candidate will provide asset management support and loan underwriting for a diverse portfolio. A minimum of 8 years of commercial real estate experience is essential. The position offers a competitive salary range of $110,000 to $150,000 annually, along with a comprehensive benefits package.

Qualifications

• Minimum of 8 years of experience in commercial real estate.
• Direct experience with investment management and loan origination.
• Ability to work in a fast-paced, quickly changing environment.

Responsibilities

• Provide commercial real estate analysis and debt underwriting.
• Monitor asset performance relative to budgets and covenants.
• Coordinate with servicers, borrowers, and lenders.

Skills

Proficient in Microsoft Excel

Excellent verbal and written communication

Financial and quantitative acumen

Education

Bachelor's Degree in Real Estate, Economics, Finance

Tools

Microsoft PowerPoint

ARGUS

Job description

This range is provided by Newmark. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$110,000.00/yr - $150,000.00/yr

Direct message the job poster from Newmark

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 ended 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 @newmark.

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.

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.

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Production, and Accounting/Auditing

Referrals increase your chances of interviewing at Newmark by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid paternity leave

Paid maternity leave

Tuition assistance

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