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Associate Director, Origination

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Finance / Investment
Location
New York
 NY
Postal Code
10017
Country
United States

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Description


About the Company:
Timbercreek is an active investor, owner and manager of global real estate assets. Founded in 1999, Timbercreek currently manages over $10 billion in total assets, including syndicated debt under administration as of June 28, 2019, across three key investment strategies; direct investments in mortgages and other debt secured by real estate, direct investments in real estate and investment in publicly traded companies that own investment-grade real estate. As a global investment manager, property manager and lender, Timbercreek’s audiences are broad and include multi-residential tenants, commercial real estate owners, investment advisors, individual investors and institutional investors. Timbercreek has been named multiple times as one of Canada’s Fastest-growing Companies by PROFIT 500 and has been recognized as a Certified Great Place to Work.

About Timbercreek’s Debt Investment Platform:
Timbercreek Financial has a 10+ year track record of originating, underwriting, servicing and actively managing structured commercial real estate debt on behalf of retail and institutional investors alike. Timbercreek has established a reputation as a leading alternative mortgage capital source in Canada, providing flexible debt solutions not available from traditional banks and Life Co’s. As such, Timbercreek is currently expanding its commercial real estate debt platform into the US and Ireland.

About the Position:
Timbercreek is seeking a Director, US Origination who will thrive in a fast-paced, entrepreneurial environment to support the private debt team’s growth objectives.  The candidate will be an experienced real estate and finance professional, a self-starter, focused on results and a team player.

Key Responsibilities:

  • Facilitating the process of Loan Origination which includes; sourcing, preliminary evaluation, structuring and negotiation of new U.S. private commercial real estate debt opportunities
  • Frequently liaise and correspond with the origination team, borrower contacts and mortgage brokerage community to facilitate the origination of new mortgage/mezzanine loans for TMSI
  • Review new loan applications with the TMSI Origination Team on all types of real estate including office, retail, industrial, residential, land and development projects
  • Coordinate with Associates/Analysts the completion of detailed preliminary underwriting of loan investments presentations which includes the compiling of market information to support all assumptions for the investment
  • Team with the global credit team and support issuance of Term Sheets/Commitments and preparation of Loan Credit Submissions for Timbercreek Mortgage Servicing Inc. (“TMSI”) throughout the U.S.
  • Assist with and contribute to the process of making investment decisions and recommendations
  • Assist and provide on-going support to the TMSI management team for loan syndication efforts
  • Provide support to the TMSI management team for on-going management of the loan portfolio
  • Provide support for investor and capital partners marketing and portfolio reporting needs
  • Manage work volumes to meet short timelines with a high level of quality
  • Special Projects as assigned
  • Contribute positively to the working and branding culture of Timbercreek

Job Qualifications/Requirements:

 Education and Experience:

  • Minimum of 7 years of experience in the commercial mortgage industry with a focus on property valuation, financial analysis, excel modeling and management of due diligence
  • An undergraduate degree

Qualifications:

  • Well-developed analytical and problem-solving skills
  • Strategic thinking and decision-making skills
  • Strong organizational and time management skills
  • Excellent communication (both written and verbal) and presentation skills
  • Advanced computer skills (Excel, Power Point, Word and Argus)
  • Driven and self-motivated individual
  • Ability to work independently as well as part of a team
  • Willingness to learn, take on new challenges and grow in the role
  • Strong credit background with well developed risk/return mindset

Job Functions


  • Financial Analysis
  • Underwriting
  • Due Diligence
 

Job Sectors


  • Residential
  • Hospitality / Entertainment
  • Industrial
  • Office
  • Retail
 

Experience


7+ to 10 years


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