Asset Management AnalystSpring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.Spring11 is seeking a highly motivated, Asset Management Analyst to join our growing team. The Analyst will be responsible for the management of high-yield debt and equity positions for various bank, REIT, and Private Equity clients.
The position will focus on supporting Asset Management functions for a portfolio primarily made up of ground-up developments and transitional operating properties. The portfolio spans various commercial real estate property types and regions.ResponsibilitiesEssential Duties / Responsibilities:Supporting the senior asset managers in monitoring each position's performance relative to underwriting, budget, and covenants within loan documentsCoordinating with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst othersManaging the draw review process for ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metrosMonitoring performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testingCompleting quarterly asset updates for each asset and presenting to client as requiredRe-underwriting each asset on a semi-annual or annual basis and providing support for diligence and underwriting as neededConstructing monthly debt waterfalls for cash managed deals, and working alongside the Treasury team to ensure funds are administered properlyWorking collaboratively with Servicing, Insurance, Tax, and other related servicing departments, in order to maintain proper Loan compliance and lien position securityPerforming other ad-hoc duties, including providing periodic underwriting support, as neededSkills, Education and Experience:Bachelor's Degree in Real Estate, Economics, Finance, or other related field required1-2 years of experience related to commercial real estate industry is preferredExcellent verbal and written communication skillsMust possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior managementMust be proficient in Microsoft ExcelHigh attention to detailStrong organizational and multi-tasking skillsAbility to work in a fast-paced and quickly changing environmentSalary: $60,000-$80,000 annuallyThe expected base salary for this position ranges from $60,000-$80,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held.
In addition to the base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).Working Conditions: Normal working conditions with the absence of disagreeable elementsNewmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.