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Asset Management Analyst

Saluda Grade

Multifamily Industrial Office

Manhattan, NY

Salary Estimate: $125,000.00 - $149,999.00

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

JOB DESCRIPTION

Saluda Grade’s Commercial Real Estate Group (formerly Hillcrest Finance) (the “Firm”) is seeking a junior asset management professional to work within the Firm’s asset management team. The Analyst/Associate, Asset Management, will support senior asset managers and third-party service providers with loan and REO asset management, including assisting in the development of processes and procedures to enhance platform effectiveness and portfolio performance as the firm scales

RESPONSIBILITIES

Perform Loan and REO financial analysis: assist in monitoring the Firm’s portfolio at a minimum quarterly, including:
Analyzing actual performance versus underwriting and budget, updating relevant local, regional, and national market statistics, and property and investment valuations
Identifying and monitoring asset and investment risks including establishing a system for tracking loan covenants and other early warning indicators to ensure compliance
Support for REO investments, including property projections and scenario analysis
Participate in the production and presentation of quarterly and ad-hoc asset management reports to senior management and third-party investors:
Update QARs for assigned loans
Coordinate information flow between Hillcrest and third-party service providers
Review, assembly and distribution of QARs to investors
Coordination of investor responses and finalization of report
Work with servicers and senior asset managers to analyze, process, approve, and facilitate loan draws
Assist in REO takeovers, including coordinating with property managers and Hillcrest, establishing of bank accounts, and interfacing with lender on corporate and property due diligence requests
Assist in loan modifications and lender approval processes in response to borrower requests
Travel periodically to inspect existing portfolio investment properties
Assist in the enhancement and development of asset management process and procedures, including project management of migration of format from Word to Excel to database
Maintain and monitor loan database, including onboarding new transactions

REQUIREMENTS/QUALIFICATIONS

Bachelor’s degree required
2 to 3 years of related commercial real estate experience focused on real estate credit asset management
Strategic/critical thinker, ability to simplify complex ideas, excellent verbal and written communication/presentation skills
Financial analytic and underwriting skills (real estate DCF analysis, proficient use of Excel, Argus and Co-Star a plus)
Strong work ethic, meticulous attention to detail, strong organizational skills
Ability to thrive in a fast-paced entrepreneurial environment and work collaboratively,
Project management skills: ability to apply artificial intelligence solutions to processes a strong plus

ABOUT SALUDA GRADE/HILLCREST FINANCE

Hillcrest, a Saluda Grade company, is a dynamic real estate investment division focused on commercial real estate credit solutions (senior loans, mezzanine loans, and preferred equity investments) through separate accounts and funds.

Saluda Grade, LLC is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, physical or mental disability, legal-protected medical condition or information, family care status, military caregiver status, domestic partner status, or any other characteristic protected by applicable federal, state or local laws, sex, marital status, veteran status, sexual orientation, genetic information, arrest record. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities, and general treatment during employment.

Asset Management