Portfolio Manager, Commercial Real Estate Debt
About The Position
As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit an experienced investor for our new Commercial Real Estate (CRE) Debt Team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the private investment teams manage approximately $11 billion in assets in aggregate across private growth equity, venture capital and private credit, and it is the fastest growing investment group within Wellington. The Portfolio Manager, Commercial Real Estate Debt will be responsible for helping build the team’s investment pipeline, including thematic, research-based sourcing and relationship-driven origination across sponsors, borrowers, financing partners, advisors, and other market participants. In addition to generating deal flow, the ideal candidate will conduct in-depth underwriting of select transactions, develop investment recommendations, structure and negotiate bespoke terms and covenants, and help manage portfolio positions and borrower/sponsor relationships. We expect this individual to leverage their insight and experience throughout the investment process while working closely with others across Wellington’s investment platform, including global credit analysts, industry research colleagues, and other private investors.
Requirements
- Successful track record in commercial real estate credit or a closely related lending strategy.
- Deep understanding of real estate fundamentals.
- Underwriting experience across major sectors.
- Passionate about credit investing.
- Emphasis on a fundamental, research-oriented, bottom-up approach to underwriting commercial real estate.
- Focus on credit structuring.
- Highly analytical and detailed investment process.
- Superior collaboration and influencing skills.
- Enjoy being an individual contributor within a highly collaborative team.
- Embrace the benefits of overlapping lines of idea generation.
- Build strong trusting relationships externally with sponsors, borrowers, financing counterparts, advisors, management teams, industry contacts, clients and prospects as well as internally with colleagues.
- Ability to take risk and challenge investment views.
- Humility to admit mistakes and a desire to learn from others.
- Recognize the benefits of diverse perspectives.
- Ability to communicate (both verbally and in writing) action-oriented opinions clearly and with conviction.
- Contribute to an open investment dialogue.
- Intellectual curiosity, capacity for differentiated thinking, and a growth mindset.
- Flexibility and openness to continue learning, evolving, and growing as an investor.
- Global perspective and creative approach for analyzing growth lending transactions.
- A minimum of 12 years of relevant experience on the buy- or sell-side within commercial real estate debt, real estate credit, structured finance, private credit, or credit research.
- Strong bottom-up fundamental approach to research.
- Track record of developing, negotiating, and monitoring bespoke covenants.
- Strong work ethic and attention to detail.
- Ability to organize, manage, and prioritize time well.
- Demonstrated ability to work independently and make decisions in the face of uncertainty.
- Independence of thought, an entrepreneurial nature, and a global perspective.
- Sound judgment, strong work ethic and highest personal and professional integrity.
- Willingness to travel.
Nice To Haves
- Direct experience underwriting, structuring, or monitoring private commercial real estate debt transactions, including legal documentation.
- Established industry relationships and network to originate deal flow across institutional sponsors, borrowers, banks, advisors, and other real estate capital markets participants.
- Expertise in drafting, structuring, and negotiating term sheets, loan agreements, and related credit documentation across a variety of financing transactions.
- An undergraduate degree in finance, economics, accounting, real estate, or a related discipline.
Responsibilities
- Helping build the team’s investment pipeline, including thematic, research-based sourcing and relationship-driven origination across sponsors, borrowers, financing partners, advisors, and other market participants.
- Conducting in-depth underwriting of select transactions.
- Developing investment recommendations.
- Structuring and negotiating bespoke terms and covenants.
- Managing portfolio positions and borrower/sponsor relationships.
- Leveraging insight and experience throughout the investment process.
- Working closely with others across Wellington’s investment platform, including global credit analysts, industry research colleagues, and other private investors.
Benefits
- Retirement plan
- Health and wellbeing
- Dental coverage
- Vision coverage
- Pharmacy coverage
- Health savings account
- Flexible spending accounts
- Commuter program
- Employee assistance program
- Life insurance
- Disability insurance
- Adoption assistance
- Back-up childcare
- Tuition/CFA reimbursement
- Paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
