Professional, Asset Manager

Careers at KKR•Dallas, TX

19d

About The Position

K-Star is seeking an intelligent, analytical, and proactive asset manager to join the Credit Asset Management team. The role oversees and reports on a portfolio of loans secured by stabilized, light to high transitional, and possibly construction projects located throughout the United States. The asset management team leads required loan modifications, including foreclosures up to title transfers. The asset manager is also expected to participate in special projects and assignments supporting platform growth. The position requires strong communication and partnership-building across KKR’s real estate credit originations, legal, finance, and asset management teams, with an emphasis on process development and execution.

Requirements

Bachelor’s degree or equivalent experience, preferably in a related course of study.
5–7+ years of related work experience in asset management of loans secured by commercial real estate.
Fundamental knowledge of commercial real estate, fixed income, and general financial concepts.
Superior analytical and financial modeling skills.
Excellent organizational, verbal, and communication skills.
Exceptional attention to detail and thoroughness to ensure accuracy in data and work product.
High proficiency with Microsoft Excel, Word, PowerPoint, and Outlook.
Collaborative team player with strong relationship-building skills and the ability to work independently in a manner that reflects the company’s culture and core values.
Ability to develop and maintain personal, social, and business relationships while representing KKR professionally.

Nice To Haves

Special servicing experience.
Argus experience.
Construction loan experience.
Development experience.

Responsibilities

Analyze and evaluate draw requests, lease approvals, loan modifications, other borrower requests, and periodic collateral underwriting.
Monitor portfolio performance for potential adverse credit issues and analyze trends.
Analyze monthly and/or quarterly financial statements and rent rolls, comparing them with underwriting and budgets.
Monitor national, regional, and local market dynamics to assess tenant credit risks and concentrations.
Prepare and present asset performance reports to company management and other investor parties.
Collaborate with construction consultants and other project team members to monitor schedules, budgets, leasing, and business plans in real time.
Interpret complex loan documents to confirm and track satisfaction of relevant loan terms and covenants.
Work with the investment team on relationship management of transaction sponsors.
Partner with internal and external legal counsel to evaluate legal issues and document transactions arising from portfolio asset management.
Mentor and coach portfolio analysts in analyzing operating statements and rent rolls and supporting other asset management responsibilities.
Manage special projects, including implementation of new technologies to support K-Star’s platform.
Travel as needed.