Commercial Real Estate Lending Transactor – Assistant Vice President

Morgan Stanley • Purchase, NY

1d • $85,000 - $140,000 • Onsite

About The Position

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (“WM”), and Asset Management. The WM network includes almost 16,000 Financial Advisors and Private Wealth Advisors - one of the world’s largest networks of Financial Advisors (“FAs”). MS has expanded its suite of world-class banking and lending products exclusively for FAs and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisory, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley has enhanced its lending, mortgage, cash management and deposit capabilities. By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs. We are seeking a high potential Commercial Real Estate Lending Transactor (AVP) to help grow and manage the Ultra High Net Worth (“UHNW”) Commercial Real Estate (“CRE") lending platform serving UHNW clients (generally clients with a minimum net worth of at least $50 million) of WM. The role is for the New York area and will support and collaborate with the UHNW Senior Lending Transactors (“SLTs”) and Asset Managers (“AMs”) throughout the US.

Requirements

• Bachelor’s Degree required
• Minimum 3-5 years’ experience in commercial real estate lending asset management, underwriting, origination and/or credit analysis
• Accounting and finance knowledge
• Ability to meet deadlines and manage expectations
• Ability to multi-task
• Good collaboration skills in a team-oriented environment

Nice To Haves

• Private Banking Lending experience is a plus
• Formal credit training a plus.
• Demonstrated proficiency in either Excel, financial modeling, Power BI, Tableau, or Dataiku is a plus.
• Experience designing automated process flows utilizing Python or SQL is a plus.
• Experience using firm-approved AI tools to enhance analysis and productivity within governance frameworks preferred.

Responsibilities

• Support asset managers in the maintenance of Commercial Real Estate secured loans on Morgan Stanley’s balance sheet.
• Correspond directly with clients to request reporting requirements including property and personal financial reporting, at least quarterly throughout the lifecycle of a loan
• Engage in on-going portfolio maintenance including monitoring loan covenants, loan servicing, and ensuring accurate and timely update of loan portfolio metrics / reports.
• Conduct annual relationship and loan review memos to monitor collateral and loan performance during the term of the loan.
• Evaluate lending opportunities specific to commercial real estate, which will include activities such as: i) evaluating the obligors; ii) valuation of the underlying collateral; iii) determining if the opportunity aligns with the UHNW Commercial Real Estate lending program, and iv) drafting credit approval memos.
• Assist the SLT in efficiently managing the transaction cycle through final credit approval, documentation, closing and initial funding of the transaction ensuring timely coordination with all parties involved including credit risk, financial advisors, private bankers, loan operations, compliance, in-house and external legal counsel and any other party who is, or should be, involved in the specific transaction.
• Participate in ad hoc projects including IT, procedural, regulatory, audit as required
• Contribute to the design and firmwide rollout of artificial intelligence tools supporting underwriting and asset management processes.

Benefits

• Ample opportunity to move about the business for those who show passion and grit in their work.
• Attractive and comprehensive employee benefits and perks in the industry.

What This Job Offers

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