VP, Asset Management Debt & Alternative Investments

Harbor Group Management•New York, NY

1d•$205,000 - $240,000•Onsite

About The Position

The Vice President, Asset Management – Debt & Alternatives is part of Harbor Group’s Asset Management group, which manages the company’s direct equity, preferred equity, and debt portfolio investments. The role asset-manages a portfolio of debt and alternative investments, including pooled mortgage vehicles such as Freddie Mac K-series bonds, whole loans, mezzanine loans, preferred equity, and other structured investments. The Vice President oversees portfolio performance, surveillance and reporting, servicer, borrower, and sponsor relationships, loan compliance, and servicing. The position works closely with Transactions, Legal, Investor Relations, and Finance on acquisitions, portfolio oversight, cash management, and payment collection. Near-term responsibilities focus substantially on the Freddie Mac bond portfolio, including portfolio and loan-level surveillance, watchlisting, capital-markets activities, DCH approval requests, and coordinating with special servicers on workouts and recovery plans. The position requires a demonstrated record of overseeing multifamily property leasing, operations, and capital improvements on a direct-equity and/or REO basis, as well as experience with mortgage loan documents and other credit instruments. The role also directly oversees assigned Analyst and/or Associate staff and supports junior team members’ development.

Requirements

Bachelor’s degree required.
At least 7 years of real estate asset management experience; the stated range is 7–10 years.
Demonstrated track record asset-managing direct equity investments and alternative investments, including some or all of real estate securities, whole loans, senior and junior mezzanine loans, and preferred equity.
Multifamily property sector experience required.
Superior analytical and problem-solving skills, including the ability to develop creative solutions to real-time challenges.
Investment mindset and thorough understanding of financial calculations such as NPV, DCF, and IRR.
Well-versed in project pro formas and deal analysis, with the ability to explain the case for a project orally and in writing.
Proficiency with MS Excel and Word.
Experience overseeing multifamily property leasing, operations, and capital improvements on a direct-equity and/or REO basis, and experience with mortgage loan documents and other credit instruments.

Nice To Haves

MBA, Master’s in Real Estate, or another relevant master’s degree.
Commercial property experience.
Experience working with special servicers and Freddie Mac B-piece securities.
Experience working with sale brokers, mortgage brokers, and other financing providers.
Proficiency with Argus, Yardi, Claude, and other AI agents.

Responsibilities

Review monthly trustee and servicer reports, identify issues early, and proactively address them.
Conduct regular loan portfolio reviews with special servicers, focusing on watchlist loans, large loans, and other loans of interest.
Monitor monthly remittance reports, loan repayments, trust advances and interest, and senior class participations to maximize bond-level investment returns.
Assess and respond to DCH approval requests in consultation with the Co-Head of Asset Management and Special Servicing Committee.
Ensure compliance with agreements between HGI and parties such as special servicers and institutional investors.
Collaborate with the Transactions team on repo facilities and warehouse lines.
Monitor investment performance through financial and operating report reviews and regular updates with servicers, sponsors, and property managers.
Conduct site visits and market research to assess underlying collateral.
Serve as the primary communication point with servicers, borrowers, and sponsors.
Formulate, negotiate, and execute loan modifications and restructurings, DIL/foreclosures, guaranty claims, and REO asset recovery plans.
Oversee loan draws and escrow account administration.
Track key dates and compliance requirements in trust, loan, inter-creditor, and operating agreements.
Ensure reporting deadlines and other compliance requirements are met and monitor performance requirements such as DSCR tests and escrow replenishment.
Review and approve budgets and other items as required by governing documents.
Maintain credit and loan servicing files.
Support and participate directly in preparing monthly reporting materials.
Communicate and present professionally to senior executives, institutions, investors, lenders, and partners, and respond to their questions.
Participate in quarterly and annual valuation, audit, and compliance reporting processes.
Participate in administering and managing securitizations and other credit instruments related to the whole-loan portfolio and other investments.
Work with Finance to ensure loan and security payments are received.
Work with Investor Relations to recommend investor distributions.
Work with in-house and outside Legal teams to lead workouts, loan modifications, and restructurings for assigned loans.
Directly oversee assigned Analyst and/or Associate staff and support the training and development of junior team members.