Associate, Debt

Bellwether•El Segundo, CA

About The Position

Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia. Bellwether is privately held and has offices in Los Angeles, Newport Beach, Salt Lake City, London and Dallas. Overview The Debt Asset Management Team is responsible for the oversight of a portfolio of commercial real estate debt investments. The Associate, Debt will be responsible for supporting the asset management team in preserving and creating value in the existing portfolio. This role will work alongside the investment team in the origination, underwriting and execution of real estate debt related investment opportunities across various property types. The Associate, Debt will support the team by overseeing investments as the primary point of contact for the client, evaluate property performance and present well-reasoned and decisive recommendations to senior management, and provide oversight and mentorship to junior staff members to support an expanding Asset Management platform. The Associate, Debt will be a dynamic team player with a desire to lead junior members of the team and can succeed in a highly entrepreneurial environment.

Requirements

A minimum of 3 yearsâ relevant experience
Asset Management, Development, or Acquisitions across major asset classes experience preferred; client-facing experience preferred
Asset management experience, including development and analysis of real estate-based financial models with a focus on multifamily, office, and industrial assets
Asset management experience, including development and analysis of real estate-based financial models, underwriting, valuations and discounted cash flows
Experience with property underwriting and advanced financial modeling
Ability to read and analyze Loan documents, lease and management agreements
Proficiency in Microsoft Excel, PowerPoint and ARGUS Enterprise
Familiarity with the leading commercial real estate market data resources (i.e. CoStar, Real Capital Analytics, etc.) a plus
Bachelorâs degree required, preferably in Business, Finance, Real Estate, Economics, or a related field of study
Job Knowledge & Technical Ability: Development and analysis of real estate-based financial models with a focus on multifamily, office, and industrial assets. Ability to build out a complex financial model from scratch including waterfalls and various debt structures. Ability to read and analyze investment, lease, and management agreements.
Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly effective at preparing and presenting information.
Professionalism & Teamwork: Acts with honesty and integrity and maintains confidentiality, adheres to company policies. Promotes a collaborative and productive work environment. Demonstrates team building, support and respect.

Responsibilities

Assist in the proactive monitoring and management of a portfolio of debt investments (US and non-US) across all property types (office, industrial, hotel, retail, & residential) and securitized products, serving as primary point for each loan assigned investments
Develop and maintain detailed asset-level cash flow reforecasting models
Manage the draw review process for assets that include construction or significant renovation/alteration projects, actively monitor the progress of the work against the budget and underwritten assumptions
Guide Analysts in the maintenance of detailed asset- and portfolio-reporting models to monitor the performance of investments at the asset level
Underwrite a variety of asset classes using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling
Review and analyze business plans, leasing activity and monthly property-operating performance
Attend debt platform investment committee meetings and present findings to senior management
Perform property inspections
Track and highlight late payments and potential payoff and maturity date issues. Make recommendations for loan modifications and various other borrower requests
Market research and competitive analysis
Liaison with operating partners and leading members of the Acquisition Teams to review business plan execution
Demonstrate strong leadership abilities and effective management skills, with a desire to manage, mentor, and develop team members
Involved with staff selection, interviewing and training as needed
Oversee the day-to-day workload and performance of direct reports, providing clear direction and support as needed to achieve work objectives
Ensure that direct reports understand their duties and delegated tasks
Monitor performance and development of direct reports and provide constructive and timely feedback and coaching
Work with direct reports to set individual goals and deadlines and conduct regular performance reviews aligned with performance review process
Handle discipline of employees in accordance with company policy