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Senior Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Westbury
 NY
Postal Code
11590
Country
United States

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Description


Position Summary: 

ACRES Capital is seeking an Asset Manager in the Senior or VP role with 5+ years of CRE asset management experience with an emphasis on construction related properties and projects. The primary responsibilities of the Asset Manager will be to manage and to report on a portfolio of structured loans within the ACRES loan portfolio.

 

Principal Duties and Responsibilities:

  • Assess loan risk within portfolio and make recommendations to senior management to mitigate the risk;
  • Conduct comprehensive inspections of physical real-estate assets and markets and report to senior management;
  • Create and/or utilize financial models for investment valuation;
  • Develop and distribute Asset Management reports including WASR, Asset Management Cash Flows, Investor Accruals and Quarterly Fund Reporting to Executive Staff and Investors;
  • Research and analyze pertinent market data;
  • Review proposed budgets provided by Sponsors and compare to original pro forma;
  • Monitor and administer loan covenants including reserve draws;
  • Analyze, review, and produce borrower renovation reserve draw request packages for approval;
  • Review and analyze monthly property financials, property cash flow statements and future cash requirements and variances for review with senior management;
  • Coordinate with accounting and servicing staff on monthly sponsor billings and pursuit of any delinquencies, if necessary;
  • Work closely with Accounting, Legal and Underwriting to facilitate closing process

Knowledge, Skill and Ability Requirements:

  • Strong knowledge of real estate markets with particular emphasis on construction, commercial, multifamily and mixed-use projects; loan workout a plus!
  • Financial statement analysis and a general understanding of credit and capital markets a plus
  • Thorough understanding and efficient use of Excel financial modeling and cash flow models, sensitivity tables, and discounted cash flow valuations
  • Strong research skills – capable of utilizing various resources to thoroughly investigate markets, trends, industries
  • Exceptional interpersonal, written and verbal communication skills
  • Highly organized self-starter, able to prioritize, multi-task and work independently with attention to detail
  • Personable with experience in meeting deadlines and working in fast paced environment
  • Proficiency in Microsoft Office, especially in Excel and Word
  • This position requires travel / conduct site visits

 

Education and Experience Preferred:

  • Bachelor’s degree in Accounting, Finance, Economics, Real Estate, Construction Management or other related field
  • MBA or Masters in Real Estate a plus
  • Minimum 5+ years CRE Asset Management experience, specifically dealing with structured commercial real estate loans for all asset classes — bridge lending experience is preferred

 

Supervisory Responsibility:

  • Serve as a mentor to junior Asset Management team

Job Functions


  • Asset Management
  • Portfolio Management
 

Job Sectors


  • Hospitality / Entertainment
  • Industrial
  • Office
  • Retail
 

Experience


5+ to 7 years


Apply Now
 
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