Asset Manager - CRE Credit

 

Northwind Group is a Manhattan-based real estate private equity firm and debt fund manager that focuses on investments through its discretionary closed-ended funds and balance sheet direct investments. For over 18 years, Northwind Group has been involved in the acquisition, development, financing, and management of residential, commercial, and senior-living properties valued at over $9.0 billion across more than 400 properties. Leveraging its strong track record and market experience, Northwind Group focuses on generating attractive risk-adjusted returns while maintaining rigorous investment criteria and adhering to its core values of honesty, transparency, and integrity.

 

Northwind currently manages $3.0+ billion across five closed-ended debt funds, co-investment vehicles, SMAs, and SPEs. Northwind’s closed-ended commercial real estate debt funds (“Northwind Debt Fund”) focus on bridge lending through direct origination of commercial real estate first mortgage and mezzanine loans across various asset types, geographies, and capital structures.

 

Northwind Group is seeking an experienced Asset Manager to join our commercial real estate credit platform. This individual will be responsible for actively managing our loan portfolio from origination through payoff, working in close collaboration with our investment, accounting, and finance teams to maximize portfolio performance.

 

1.     Loan Portfolio Management

·       Monitor and manage a portfolio of commercial real estate loans including bridge, ground-up construction, conversions, and select mezzanine debt positions across all asset classes, with a particular emphasis on residential product types 

·       Conduct regular borrower and property-level reviews, including financial statement analysis, rent roll reviews, operating statement analysis, loan reserve analysis, and covenant compliance tracking

·       Maintain loan-level waterfalls, cash flow models, and portfolio tracking systems with a high degree of accuracy and attention to detail

·       Maintain accurate and up-to-date loan files and asset management records in the portfolio management system

2.     Risk Management & Reporting

·       Prepare and present periodic asset management reports, including watch list updates, risk ratings, and portfolio-level summaries for senior leadership and investment committee

·       Assist in the preparation of quarterly and annual investor reporting

·       Coordinate with accounting and finance teams on loan accruals, PIK interest, fee income, and reserve adequacy

·       Support audits, regulatory reporting, and lender compliance requirements as needed

3.     Borrower & Client Relations

·       Serve as a primary point of contact for borrowers throughout the life of the loan, maintaining professional, responsive, and solutions-oriented relationships

·       Facilitate timely resolution of borrower requests, questions, and issues by coordinating internally across investment, legal, finance, and accounting teams

·       Collaborate with finance and accounting on fund-level reporting, NAV calculations, and cash flow forecasting

·       Liaise with borrowers, sponsors, third-party servicers, title companies, and legal counsel

4.     Construction Draw Management

·       Oversee and process construction draw requests from inception through completion, including review of draw packages, inspector reports, lien waivers, budget-to-actual analyses, and title continuations

·       Coordinate with third-party construction inspectors, title companies, and borrowers to ensure requisitions are processed accurately and in a timely manner

·       Track construction timelines, budget variances, and completion milestones; escalate material deviations to senior management

·       Ensure all disbursements are in compliance with loan agreement terms and construction loan documents

5.     Legal Documentation & Compliance

·       Demonstrate a thorough understanding of loan documents including loan agreements, mortgages/deeds of trust, guaranties, intercreditor agreements, and participation agreements

·       Monitor and track borrower obligations, financial covenants, reporting requirements, and requests throughout the life of each loan

·       Review and process loan modification requests, extensions, and amendments in coordination with legal counsel

·       Maintain meticulous loan files ensuring all executed documents, correspondence, and compliance items are organized and up to date

 

·          5-8 years of experience in commercial real estate credit, debt asset management, or loan servicing

·          Bachelor’s degree in real estate, Finance, Accounting, or a related field. Background at a debt fund, credit REIT, or private credit platform is preferred

·          Deep understanding of CRE debt structures, credit agreements, and loan documentation including loan agreements, mortgages, guaranties, and intercreditor agreements

·          Exceptional attention to detail with a meticulous approach to loan file management, draw processing, and documentation review

·          Proficiency in financial modeling, cash flow analysis, and property-level underwriting

·          Experience working cross-functionally with investment, accounting, and finance teams

·          Familiarity with fund-level reporting and investor relations

·          Excellent written and verbal communication skills, with the ability to present clearly to senior management

·          High proficiency in Excel, PowerPoint, Argus, financial modeling tools, and AI tools

 

It is expected that the base annual salary range for this position will be $130,000 - $230,000. Actual compensation will depend on the candidate’s experience, qualifications, and geographic location. Employees may also be eligible for a discretionary bonus determined by company and individual performance.

 

Northwind Group is an Equal Opportunity Employer. Northwind Group does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy status and gender identity), national origin, political affiliation, sexual orientation, marital status, disability status, genetic information, age, membership in an employee organization, retaliation, parental status, military service, protected veteran status, or other non-merit factor.