Assistant Vice President, CRE Asset Management

SitusAMC • Atlanta, GA

3d

About The Position

This role assists in managing a portfolio of highly structured commercial real estate loans, follows company policies and procedures, and manages client relations. It provides loan surveillance support to clients by monitoring and reporting on property-level cash flows, rent rolls, market conditions, and property valuations for a nationwide portfolio spanning commercial real estate property types.

The role includes day-to-day loan management, borrower request processing, performance analysis and reporting, monitoring loan events and triggers, and reviewing and processing construction draws. Employees may also perform other related duties and participate in additional training as required to meet organizational needs.

Requirements

• Bachelor’s degree; a degree in real estate, finance/accounting, or business is preferred, or an equivalent combination of education and experience.
• At least 6 years of industry and/or relevant experience, typically including at least 1 year in a Senior Associate-level role or equivalent.
• Proficiency with major commercial real estate property types, including office, industrial, retail, and multifamily.
• Proficiency with advanced commercial real estate principles, including underwriting, loan servicing, and treasury practices.
• Proficiency with common commercial real estate calculations and concepts, including IRRs, NPV, DSCRs, DY, NOI, and NCF.
• Ability to create complex financial models in Excel or similar programs.
• Ability to make sound decisions and work independently on projects.
• Ability to work in a fast-paced environment while managing multiple tasks under tight deadlines.
• Excellent reading and comprehension skills.
• Effective written and verbal communication skills.
• Strong organizational and time-management skills.
• Advanced knowledge of Microsoft Office, including Outlook, Excel, PowerPoint, and Word.

Nice To Haves

• Experience in commercial real estate and debt or equity asset management.
• Basic knowledge of specialty property types, including hotels and condominiums.
• Basic knowledge of deal types, including transitional, development, pre-development, repositioning, and stabilized properties, and complex debt positions such as participations, syndications, CLOs/CDOs, senior and mezzanine debt, and warehouse and repo lines.

Responsibilities

• Manage assigned loans day to day, including communicating with borrowers and lenders or investors.
• Process borrower requests and consents.
• Analyze property financials and report property and loan performance to lenders or investors quarterly through a quarterly asset report (QAR).
• Correspond with sponsors or borrowers, when applicable, to obtain updates on property-level concerns such as capital expenditure projects, leasing progress, construction status, and overall performance.
• Prepare and submit weekly loan portfolio updates identifying relevant issues, discussions, and events from the week.
• Monitor and report loan-specific events and triggers.
• Review and process construction draws.
• Perform other related duties as assigned by the manager to meet the ongoing needs of the organization.

Benefits

• Paid time off (PTO) and paid holidays.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Life insurance.
• Disability insurance.
• 401(k).
• Certain positions may be eligible for a discretionary bonus, subject to program guidelines, position eligibility, and senior management approval.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior