VP, CRE Debt Asset Management – Workouts & Portfolio Oversight

CRE Finance Council

New York (NY)

On-site

USD 200,000 - 300,000

Full time

2 days ago

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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.