REO Analyst

Careers at KKR•Dallas, TX

10d

About The Position

K-Star is seeking an enthusiastic, intelligent, and diligent professional to join the Special Servicing Asset Management team as an analyst, supporting the management of commercial real estate properties (“Properties”) on which title acquisition via foreclosure or deed-in-lieu has occurred or is imminent. The Properties may be included in the direct lending portfolio or in the securitized asset portfolio, which consist of all commercial property types located throughout the United States and will involve varying operating strategies and business plans. The qualified candidate will be expected to provide pre-acquisition due diligence, vendor engagement and oversight, property management and leasing analysis, and exit strategy recommendations and execution, all in accordance with K-Star policies and practices and in compliance with governing servicing agreements and the Servicing Standard, as applicable. They will also be expected to participate in special assignments related to the growth of the KStar platform that may result in leadership opportunities. With a goal of process development and completion, this candidate must be an exceptional communicator and must have the ability to build strong partnerships across the various KKR businesses, including the Firm’s real estate credit and equity, securities investment, legal, finance, and asset management teams.

Requirements

Bachelor’s degree, preferably in a Business, Finance, or Real Estate-related course of study, or equivalent experience in commercial real estate asset management, real estate investment banking, CMBS bond investing or real estate finance
Fundamental knowledge of commercial real estate, fixed income, and general financial concepts
Superior analytical and financial modeling skills
Excellent organizational and communication skills
Exceptional attention to detail and thoroughness is required to ensure accuracy in all data and work product
High proficiency with Microsoft Excel, Word, PowerPoint and Outlook; Argus a plus
Team player with collaborative and strong relationship building skills with the ability to work independently in a way that reflects the company’s culture and core values
Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner
Willingness to travel as needed

Nice To Haves

Two or more years of related work experience in commercial real estate asset management preferred

Responsibilities

Work with Asset Managers on the recommendation for foreclosure, deed-in-lieu or receivership selection and appointment
Complete requisite due diligence associated with the recommended action, e.g., securing the necessary third-party reports, entity formation, documentation, agreements, accounts, etc.
Gain property and market intelligence through site visits, broker tours and feedback, etc.
Review periodic reporting to ensure the Properties are being properly managed and reporting meets requirements for scope, quality and timeliness
Analyze potential leases and present recommendations for approval
Review operating budgets and present recommendations for budget approvals and funding
Review and prepare recommendations for capital expenditures received from third party managers/receivers.
Collect market research and collaborate with the Special Servicing team on the preparation of Hold/Sell analyses for presentation to approval parties
Assist with communications to servicing parties and trustees on servicing, asset management and resolution matters to ensure the appropriate actions are taken
Interface with brokers, property managers, construction consultants and other third-party consultants on leasing matters, capital budgets and development plans, as applicable
Assist with identifying broker candidates, reviewing BOVs managing due diligence requests
Play an integral role in Property disposition efforts, whether via traditional marketing, auction, etc.
Work with selected brokers on marketing efforts and buyer selection
Participate in special projects as needed to implement and optimize new technologies to support the K-Star platform