Job TitleSpring11: 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.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 experience is preferredExcellent verbal and written communication skillsMust be proficient in Microsoft ExcelMust possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior managementHigh attention to detailStrong organizational and multi-tasking skillsAbility to work in a fast-paced and quickly changing environmentSalary Range LanguageThe expected base salary for this position ranges from $60,000 to $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 base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), 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.Job Identification Locations Kansas City, MO, United StatesJob Schedule Full time