Associate, Morgan Stanley Private Real Estate Credit - Asset Management

Morgan Stanley • Los Angeles, CA

163d • $115,000 - $135,000

About The Position

The Associate candidate will be a member of the Asset Management team based in the Los Angeles office and will support management of and will manage, loan assets originated from all Mesa West office locations. This person will be actively involved in all facets of asset management, including monitoring, reporting, restructuring, and modifying existing loans in the portfolio. The ideal candidate will be highly motivated, organized, and dynamic as the team interacts with all areas of the firm including Originations, Investor Relations, Accounting, and senior leadership. The candidate will also interface with the outsourced loan servicing team. This role presents an excellent opportunity to join a high-performing firm with an institutional client base.

Requirements

• At least 3 to 5 years of experience in an analytical role which could include real estate, finance, banking, equity, and corporate finance.
• An undergraduate degree in business, finance, economics, management, or real estate; real estate program or coursework a plus.
• Strong analytical and quantitative approach to business and problem solving.
• An understanding of financial modeling including discounted cash flows, IRR calculation and scenario analysis.
• Real estate underwriting and valuation experience a plus.
• Excellent Microsoft Excel skills with the ability to create models from scratch. Argus experience a plus.
• Ability to be dynamic and operate efficiently in a fast-paced environment.
• The ability to effectively multi-task and undertake a large number and variety of tasks while maintaining high quality work product.
• Strong written, verbal communication, presentation, and management skills.
• Self-motivated, thoughtful, detail oriented and highly organized.
• Unquestioned personal and professional integrity and ethical behavior.
• Excellent interpersonal skills with the ability to work in a collaborative environment.

Responsibilities

• Work within the Asset Management team that oversees a large institutional CRE loan portfolio.
• Support senior asset managers as well as directly manage a number of highly structured loans secured by commercial real estate located in various geographic locations.
• Perform quantitative and qualitative analyses of property and borrower performance.
• Become familiar with and ultimately implement loan structure as outlined in loan documents.
• Prepare Investment Committee memorandums for loan modifications, restructuring, or other deal-related items.
• Support negotiation of legal documentation for loan modifications.
• Maintain strong rapport and relationships with borrowers and sponsors throughout the life of a loan.
• Monitor property business plans, monthly operating performance, and capital projects.
• Manage draw/funding requests.
• Present quarterly asset reviews to entire firm.
• Interact with and direct third-party consultants including attorneys and inspectors.
• Periodic property inspections.

Benefits

• Comprehensive employee benefits and perks
• Commission earnings
• Incentive compensation
• Discretionary bonuses
• Short and long-term incentive packages

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees