Description
Summary:
PCCP is seeking an Associate in its growing Atlanta office to support management of its debt portfolio which includes loans secured by various property types in markets across the United States. The Associate will work as a member of the asset management team to help manage a wide variety of functions including: building and maintaining borrower relationships, monitoring collateral performance and compliance with loan covenants, financial modeling of collateral and loan cash flows, preparation of quarterly updates and presentation to executive leadership, conducting market research, tracking key performance indicators, collateral valuation, and developing and implementing risk management tools including loan modifications.
Key Responsibilities:
- Support the asset management team in managing a portfolio of loans secured by transitional assets in various markets through managing internal and external relationships, monitoring conformance with business plans, assessing collateral performance, monitoring loan covenant compliance, and identifying and managing material risk factors.
- Assist with the processing of loan amendments and modifications, loan refinances, easements, loan assumptions, casualty and condemnation awards, construction/reserve draws, lease approvals and SNDA negotiations, loan assignments, and partial releases.
- Perform periodic physical collateral inspections with borrower/onsite personnel to assess property status, performance of capital improvement work, and identification of potential market risks and opportunities.
- Understand loan documents and covenants, actively monitor borrower/property compliance with loan covenants, and recommend strategies for managing non-compliance issues.
- Lead the preparation, review and analysis of monthly and quarterly investment reports for presentation to executive leadership.
- Interact with third party consultants including loan servicers, property inspectors, attorneys and lenders.
- Provide support to capital markets team for management of syndicated loan positions.
- Perform market research/analysis to develop projected performance trends and areas of concern.
- Identify and monitor high risk / low rated assets within the portfolio to track performance issues and develop projected outcomes.
- Support leadership to develop and implement workout strategies for distressed loans including modifications, cash management, and collateral marketing and disposition.
- Assist senior deal team members, portfolio management, investor reporting, and other internal PCCP groups with various ad hoc projects and tasks.
Qualifications:
- Bachelor’s degree with 2 - 5 years of related work experience in real estate or finance required.
- An understanding of financial modeling and experience with ARGUS required.
- Ability to work in a dynamic, fast-paced, deadline-driven and entrepreneurial environment.
- Position requires travel throughout the U.S. on a regular basis.
- Committed to delivering the highest quality work product; strong attention to detail and accuracy.
Competencies:
- Communication. Writes and speaks clearly.
- Analysis. Translate non-linear information into mathematic models.
- Workload management. Work on multiple deals at once, quick production, meet deadlines.
- Autonomy. Takes guidance without literal direction.
- Initiative. Proactive, strong self-motivation and work ethic.
- Problem Solving. Contribute to the definition of problems and creative solutions.
PCCP Values:
- Integrity
- Relationship builder
- Communicator
- Collaborator
- Work ethic
- Curious
- Confident
- Accountable
Company Description:
Since 1998, PCCP has been providing commercial real estate debt and equity capital for middlemarket real estate projects throughout the United States. PCCP has raised, invested or managed over $27.5 billion of institutional capital and continues to pursue investment opportunities with proven operators. PCCP originates and manages all of its investments, providing capital for all major real estate product types. PCCP invests across the capital stack, from joint venture equity to senior and mezzanine debt, while seeking to identify the best risk-adjusted returns for our investors. With nearly $13.9 billion of assets under management, PCCP is an established investment manager for its global investors, with offices in New York, San Francisco, Atlanta and Los Angeles.
Experience
2+ to 5 years
This job is no longer active.