Director, Real Estate Debt Asset Management

Barings • Chicago, IL

2d • $160,000 - $210,000

About The Position

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Job Title: Asset Manager, Director Department: Real Estate Debt Asset Management Location: Chicago, IL or Charlotte, NC Primary Responsibilities Serve as the primary relationship manager and “face” of Barings’ lending platform to borrowers. Coordinate across servicing (in-house and third‑party), portfolio management, legal, and originations to lead loan‑level decision‑making. Oversee the annual loan review process, including: Reviewing property‑level operating statements Analyzing updated sponsor financials Updating collateral valuations using DCF analysis in Argus Performing property site inspections Assigning internal quality ratings using DSCR, LTV, and Debt Yield Lead quarterly Surveillance Meetings and present loan performance results to Senior Management. Review draws, fundings, and covenant testing; manage borrower requests and loan document modifications. Present material loan modifications to the Investment Committee. Develop workout strategies for non‑performing loans in Special Servicing. Maintain the portfolio watchlist and provide quarterly updates. Participate in marketing and leasing calls; analyze lease transactions and valuation impacts. Review business plans, quarterly reporting, and coordinate with third‑party servicing teams. Prepare quarterly performance write‑ups and internal risk ratings for High Yield loans. Lead, mentor, and supervise analyst staff. Report to the Asset Management Team Lead.

Requirements

• 7–10 years of experience in commercial real estate lending, debt asset management, or valuation.
• Bachelor’s degree required, ideally in business, finance, real estate, or a related field.
• Experience with Troubled Debt Restructures (TDR) and REO property oversight.
• Strong quantitative and analytical skill set.
• Understanding of capital structures, including equity, debt, and waterfalls.
• Excellent verbal and written communication skills.
• Strong relationship-building skills with internal and external stakeholders.
• Highly organized with strong attention to detail.
• Ability to manage multiple priorities and meet deadlines.
• Strong problem‑solving capabilities.
• Willingness to travel.
• Asset Management
• Commercial Real Estate Lending
• Due Diligence
• Financial Analysis
• Loan Reviews
• Relationship Management

Responsibilities

• Serve as the primary relationship manager and “face” of Barings’ lending platform to borrowers.
• Coordinate across servicing (in-house and third‑party), portfolio management, legal, and originations to lead loan‑level decision‑making.
• Oversee the annual loan review process, including: Reviewing property‑level operating statements Analyzing updated sponsor financials Updating collateral valuations using DCF analysis in Argus Performing property site inspections Assigning internal quality ratings using DSCR, LTV, and Debt Yield
• Lead quarterly Surveillance Meetings and present loan performance results to Senior Management.
• Review draws, fundings, and covenant testing; manage borrower requests and loan document modifications.
• Present material loan modifications to the Investment Committee.
• Develop workout strategies for non‑performing loans in Special Servicing.
• Maintain the portfolio watchlist and provide quarterly updates.
• Participate in marketing and leasing calls; analyze lease transactions and valuation impacts.
• Review business plans, quarterly reporting, and coordinate with third‑party servicing teams.
• Prepare quarterly performance write‑ups and internal risk ratings for High Yield loans.
• Lead, mentor, and supervise analyst staff.
• Report to the Asset Management Team Lead.

Benefits

• CORE BENEFITS & WELLNESS Medical (including Virtual Care), Prescription, Dental, and Vision Coverage Fitness Center Reimbursement Program (Including Online Memberships) Employee Assistance Program (EAP) Fertility Benefits
• FINANCIAL WELL-BEING Highly competitive 401(k) Plan with Company Match Health Savings Account (HSA) with Company Contributions Flexible Spending Accounts (FSA) - Health Care & Dependent Care Retirement Health Reimbursement Account
• LIFE INSURANCE Basic and Supplemental Life Insurance Spouse and Child Life Insurance
• TIME OFF, DISABILITY AND LEAVE OF ABSENCE Paid Vacation, Sick Days and Annual Holidays Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time) Short and Long Term Disability Plans Paid Volunteer Time
• OTHER BENEFITS Education Assistance Program Charitable Matching Gifts Program Commuter Reimbursement Program Adoption and Surrogacy Reimbursement Program

What This Job Offers

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