Senior CRE Loan Asset Manager

Company:  Gold Group
Location: Clerkenwell
Closing Date: 24/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Senior CRE Loan Asset Manager, London (Hybrid working pattern) Salary £85,000 Plus Benefits and Bonus Package As a Senior Asset Manager your role will involve managing a portfolio of loans both Balance sheet and CMBS securitizations, and ensure compliance with policies, procedures and timelines. Managing multiple transactions to meet project deadlines and deliver a consistent high level of service to clients whilst adhering to policies and procedures. Position is client facing and involves working with a range of stakeholders involved in commercial real estate (CRE) debt and equity investment to provide asset surveillance and loan asset management services. Role will involve the preparation of credit reporting, annual reviews, management of watch-list reports and providing advice to client in-house credit functions on issues regarding asset management plans, strategy and construction financing. Role may also involve supporting equity investors/lenders with underwriting due diligence. Monitor, report and advise key stakeholders on CRE asset management and loan asset management strategies involving a portfolio of performing loans and non performing loans. Provide advice and recommendations to Lender credit function on issues relating to watch-listed and non-performing loans. To oversee the performance of a dedicated client focused team servicing one or more clients. Collect and analyze Borrower reports (rent rolls, operating statements, covenants calculations etc.) and other third-party information necessary to compile periodic scheduled loan asset management and collateral reporting. Review and analyze development finance documentation, review development cash flow and budget forecasts from Project Monitor reports vs underwriting assumptions and provide advice to Lenders regarding development costs and timing. Undertake risk assessment of individual loans, underlying collateral and Borrower to determine risk ratings for each loan. Maintain Watch List of loans considered to be higher risk and provide advice regarding possible remedies and exit strategies. Support Lender credit function with details concerning any concession/waiver requests from the Borrower including reasoned advice and recommendations. Liaise between Lender's in-house asset management and credit functions and external third-party professionals including legal, valuers and property management companies. What we are looking for from you: Substantial experience and a proven track record of working in a related credit environment involving CRE. Comfortable in a client facing role and ability to confidently present to Lenders up to credit committee level as well as private equity investors. Solid analytical and technical skills and ability to understand complex loan documents and borrower structures. Experienced at monitoring and reporting on construction financing to Lenders. Strong MS Excel skills.Services advertised by Gold Group are those of an Agency and/or an Employment Business. We will contact you within the next 14 days if you are selected for interview. For a copy of our privacy policy please visit our website
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