Commercial Real Estate Lending Transactor - Vice President
About The Position
Morgan Stanley is seeking a high potential Commercial Real Estate Lending Transactor (VP) 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 Wealth Management (“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. The position goal is to support the UHNW CRE Lending team, regional SLTs, AMs and its clients in managing and delivering the UHNW CRE product.
Requirements
- Bachelor’s Degree required
- Minimum 5+ years’ experience in commercial real estate lending asset management, underwriting, origination and/or credit analysis
- Strong communication skills with the ability to articulate your assessment in a clear and professional manner
- Detail orientation with exceptional analytical skills
- 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
- commission earnings
- incentive compensation
- discretionary bonuses
- other short- and long-term incentive packages
- other Morgan Stanley sponsored benefit programs
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What This Job Offers
Job Type
Full-time
Career Level
Manager
