Analyst, Private Loan Operations
About The Position
Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. It supports Blackstone’s Real Estate Debt Strategies (BREDS) investments worldwide by providing corporate, transaction, and management services. BREDS has more than $76 billion of investor capital across high-yield and opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. The Analyst of Servicing and Onboarding helps facilitate day-to-day operations for a diverse, expanding portfolio of complex debt investments secured by commercial real estate and financed through a variety of structures. This client-facing role requires strong attention to detail and a constant sense of urgency. The analyst proactively manages new asset and liability onboarding, draw funding, review and final approval of remittance waterfalls, and preparation of monthly portfolio analytics.
Requirements
- Bachelor’s degree in Finance, Accounting, Real Estate, or a related discipline.
- 1–3 years of experience in loan servicing, banking, or commercial real estate.
- High standards and the ability to meet time-sensitive deadlines.
- A proactive, accountable approach and willingness to take ownership.
- Adaptability and decisiveness, with the ability to prioritize and respond to changing needs.
- Proficiency in Microsoft Excel.
Responsibilities
- Review asset collection information from servicers for accuracy and alignment with system accruals; follow up on missing payments and assess the reasonableness of accrual breaks.
- Compare repurchase obligation, asset-specific financing, and subscription lending invoices with the system of record, and resolve accrual discrepancies before payment release.
- Approve and book monthly and quarterly servicer remittance information in the system.
- Obtain and review payoff information before repayments; ensure timely repayment to liability counterparties and receipt of net remittances; record final satisfaction activity and accelerate fee activity.
- Obtain approvals and prepare wire memos for borrower draws, counterparty expenses, and intercompany funds movement.
- Reconcile daily cash activity with activity recorded in the system.
- Attend new-loan pre-close meetings, onboard new asset and liability positions in the system, and organize legal documentation.
- Review complex loan modification and maturity extension documentation, record new terms in the system, and organize legal documentation.
- Review and record asset and liability fee activity in the fee calculator, determining appropriate accounting treatment at entry.
- Prepare and enter Level-Yield recuts on fees in the system.
- Interact directly with servicers, asset managers, and back-leverage counterparties.
- Submit entity onboarding requests for counterparty wire-instruction setup.
- Support KYC requests from servicers and back-leverage counterparties.
- Review and prepare commentary on month-over-month and quarter-over-quarter asset and liability performance analytics.
- Assist with quarterly-end confirmation by verifying loan balances and accruals with servicers and back-leverage counterparties.
- Participate in bi-weekly team calls and weekly investment vehicle meetings.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
