Analyst

Man Group•New York, NY

6h•$125,000 - $150,000

About The Position

Man Group's US Residential Debt team is seeking an experienced Analyst to support our multifamily focused direct lending strategy. This role will report directly to the Vice President, supporting the origination, underwriting, structuring, and asset management of structured credit transactions across the capital structure and risk spectrum. The team focuses on transitional and construction loans across residential property types, including, but not limited to, multifamily, condominium, single-family rental, build-to-rent, townhomes, and office-to-residential conversions, with individual loans typically ranging from $25 million to $100+ million. The successful candidate will be a primary contributor across the full deal lifecycle and must be comfortable operating across both analytical and operational workstreams. As this is an existing strategy within Man Group, the individual will have an opportunity to continue building an investment platform with the backing of a premier alternative investment management firm. As a member of the Man Group US Residential Debt team, this individual will also gain cross-platform exposure to the team’s other core investment strategies.

Requirements

Bachelor's degree required, preferably in finance, real estate, economics, or a related field
1 - 4 years of relevant experience in commercial real estate debt, preferably with direct exposure to transitional or construction lending on residential assets
Advanced proficiency in complex financial modeling and Microsoft Office (Excel, PowerPoint, and Word)
Strong written and verbal communication skills; ability to distill complex investment theses into clear, concise IC materials
Detail-oriented and organized, with the ability to manage multiple workstreams simultaneously in a fast-paced environment
Self-motivated, intellectually curious, collaborative, and comfortable working in a growing platform with a flat team structure

Nice To Haves

Experience with commercial real estate underwriting and valuation is strongly preferred
Familiarity with residential whole loans (RTL, DSCR) or lender finance is a plus
Proficiency with Python is a plus

Responsibilities

Underwrite potential loan originations, including detailed analysis of borrower/sponsor strength, business plan feasibility, capital structures, and exit strategies
Build and maintain detailed financial models incorporating cash flow analysis, draw schedule projections, sensitivity scenarios, and risk-adjusted return analysis
Prepare and present investment committee memoranda with clear articulation of deal thesis, key risks/mitigants, return profile, and relative value
Assist in cultivating and maintaining relationships with borrowers, sponsors, brokers, co-lenders, attorneys, and other market participants
Participate in early-stage deal screening to identify and evaluate new investment opportunities consistent with the team's strategy
Contribute to market research and competitive landscape analysis to support sourcing and pricing decisions
Prepare and maintain weekly pipeline materials
Lead and coordinate due diligence workstreams including sponsor/borrower assessment, property-level collateral analysis, market analysis, and review of third-party reports
Assist in structuring and closing of investments, including term sheet preparation, legal documentation review, and commercial negotiation
Develop a deep understanding of the exposures and associated risks across a portfolio of existing loans
Review and obtain approval for construction draw requests, coordinating with borrowers, third parties, and internal teams
Proactively monitor loan-level performance, including covenant compliance, business plan milestones, cash flow updates, valuation model updates, and monthly asset financial reporting
Identify and mitigate signs of credit deterioration and contribute to loss mitigation efforts where necessary
Support underwriting and monitoring of lender finance facilities, including review of borrower/originator profiles, collateral eligibility criteria, and covenant compliance
Assist with borrowing base calculations, funding requests, and ongoing facility administration in coordination with counterparties and internal operations teams
Contribute to RTL underwriting workstreams, including collateral tape review, borrower and property-level analysis, and pricing support
Assist in evaluating credit performance across the RTL portfolio to inform ongoing acquisition and pricing decisions
Support the team's capital raising efforts by helping prepare marketing materials, coordinate due diligence, and respond to investor requests and questionnaires
Assist in compiling and analyzing portfolio performance data for ongoing investor reporting and ad hoc investor inquiries
Develop a working familiarity with the team's fund structures and investor base to support relationship management effort