Newmark
Overview
Associate, Asset Management
role at
Newmark
This is a Spring11 position, but the role will be dedicated to the Asset Management team of a multi-billion-dollar, global investment management firm.
Spring11, on behalf of its client, is seeking an exceptional individual to join the team as an Associate, on the client’s Asset Management team. The ideal candidate for the role has a bachelor’s degree (or higher education) in addition to 2-6 years of experience preferably within a commercial real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.
The Associate will analyze and support all asset management aspects of the client’s platform, with some periodic exposure to origination and underwriting.
Responsibilities
Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
Manage 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 metros
Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
Complete quarterly asset updates for various assets
Update and/or help create credit committee presentation memos for loan modifications
Work collaboratively to achieve department and firm objectives
Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform
Qualifications
Minimum of Bachelor’s Degree in Real Estate, Economics, Finance or other related field
2-6 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
Must be proficient in Microsoft Excel and ARGUS experience preferred
Excellent verbal and written communication skills
Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
Ability to work in a fast-paced and quickly changing environment
Salary and Benefits Salary range: $85,000 - $120,000 annually. The expected base salary for this position ranges from $85,000 to $120,000 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 elements.
Note The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark 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.
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
#J-18808-Ljbffr
role at
Newmark
This is a Spring11 position, but the role will be dedicated to the Asset Management team of a multi-billion-dollar, global investment management firm.
Spring11, on behalf of its client, is seeking an exceptional individual to join the team as an Associate, on the client’s Asset Management team. The ideal candidate for the role has a bachelor’s degree (or higher education) in addition to 2-6 years of experience preferably within a commercial real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.
The Associate will analyze and support all asset management aspects of the client’s platform, with some periodic exposure to origination and underwriting.
Responsibilities
Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
Manage 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 metros
Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
Complete quarterly asset updates for various assets
Update and/or help create credit committee presentation memos for loan modifications
Work collaboratively to achieve department and firm objectives
Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform
Qualifications
Minimum of Bachelor’s Degree in Real Estate, Economics, Finance or other related field
2-6 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
Must be proficient in Microsoft Excel and ARGUS experience preferred
Excellent verbal and written communication skills
Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
Ability to work in a fast-paced and quickly changing environment
Salary and Benefits Salary range: $85,000 - $120,000 annually. The expected base salary for this position ranges from $85,000 to $120,000 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 elements.
Note The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark 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.
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
#J-18808-Ljbffr