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Asset Manager; Special Servicing

Company

Trimont Real Estate Advisors
Address , Remote
Employment type
Salary
Expires 2023-07-02
Posted at 1 year ago
Job Description

About Us

Trimont Real Estate Advisors, LLC is a commercial real estate services firm, which has been providing asset management, loan servicing, due diligence and customized advisory solutions to commercial real estate lenders and investors for over 30 years. We are a trusted partner to clients in the Americas, Europe and Asia.

Position Overview:

We are seeking a Director / Senior Director to manage a portfolio of complex underperforming debt and equity investments in transitional / value-add operating properties spanning a variety of U.S. markets and a variety of property types including office, retail, industrial, multifamily, student-housing and hospitality. Services are provided in partnership with the client’s own activities.

Principal Responsibilities

· Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations and financial modeling
· Manage borrower/lender/controlling holder/directing holder relationships
· Interact with third party consultants including attorneys, title agents, brokers and property managers
· Coordinate communications between borrowers, partners, syndicate/participant lenders and property managers
· Assess performance of the assets relative to original underwriting strategies, business plans and market conditions
· Review and evaluate monthly / quarterly operating performance (Rent Rolls, Operating Statements, Collections)
· Perform regular testing for loan covenant compliance (Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio)
· Perform regular testing for equity performance hurdles (Occupancy, NOI, Capital Budget)
· Review debt / equity funding request submissions from borrowers/equity partners/property managers
· Review and approve annual operating budgets, annual capital budgets, and proposed tenant leases
· Create, update and review Excel/Argus-based cash flow projections and valuation models
· Coordinate asset servicing and reporting responsibilities with internal departments to ensure accurate tracking/reporting
· Develop and drive resolution strategies from preparation of scenario analysis through recovery
· Mentor financial analysts to encourage professional growth
· Perform occasional site visits as required

Required Qualifications:

· Bachelor’s Degree in finance, real estate or a related field, MBA/CFA a plus
· 10+ years of loan workout, restructuring, special servicing, property repositioning required
· Experience with loan modifications, negotiations, foreclosure, bankruptcy, REO management
· Prior experience with a rated special servicer is desirable but not required
· Prior experience with CLO or CDO structures is desirable
· Understanding of commercial real estate transactions, industry terms and capital markets
· Ability to interpret complex legal documents
· Ability to multi-task and meet deadlines
· Strong analytical / mathematical skills
· Strong communication / presentation skills
· Ability to interact with coworkers at all levels and help foster a cooperative team environment

We Value:

· Multi cycle loan workout, special servicing experience
· Experience with JV / Preferred Equity deal structures
· Ability to build/manage a team and mentor junior team members.
· Familiarity with Argus Enterprise
· Familiarity with iLevel for Real Estate software

Note: This job description is not intended to be an all-inclusive list of the responsibilities, skills or working conditions associated with the position. Management reserves the right to modify, add or remove duties and assign other duties as necessary.

Trimont Real Estate Advisors is an equal opportunity employer, and we’re proud to support and celebrate diversity in the workplace. We are committed to equal consideration for all qualified applicants regardless of race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, protected veteran status, genetic information, or any other characteristic protected by applicable law.
Trimont Real Estate Advisors is a drug-free workplace