Associate, Debt

Bellwether • El Segundo, CA

65d • $120,000 - $130,000

About The Position

The Debt Asset Management Team is responsible for the oversight of a portfolio of commercial real estate debt investments. The Associate will be responsible for supporting the asset management team in preserving and creating value in the existing portfolio. They will work alongside the investment team in the origination, underwriting and execution of real estate debt related investment opportunities across various property types. Associates will support the team by overseeing investments as the primary point of contact for the client, evaluating property performance and presenting well-reasoned, decisive recommendations to senior management, and providing oversight and mentorship to junior staff members to support an expanding Asset Management platform. They will be dynamic team players with a desire to lead younger members of the team and the ability to succeed in a highly entrepreneurial environment.

Requirements

• A minimum of 3 years’ 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.
• 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.

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.
• Conduct 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.

Benefits

• Employer-paid Medical, Dental & Vision, with buy-up options available.
• Flexible Spending Account, Health Savings Account.
• Carrot Fertility Benefit - $10,000 lifetime benefit.
• 401k company match 4%, immediately vested.
• Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure.
• 14 weeks Maternity Leave & 12 weeks Parental Leave.
• Wellbeing program offerings.
• Cell phone reimbursement.
• Engaging team events & holiday parties.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree