Spring11 - Vice President, Asset Management
Newmark•Kansas City, MO
•$100,000 - $150,000•Onsite
About The Position
Spring11, an affiliate of Newmark, provides a full suite of commercial real estate services. The company is currently seeking a Vice President to join its growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The Vice President will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.
Requirements
- Bachelor’s Degree in Real Estate, Economics Finance or other related field required
- Minimum of 8 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
- Must be proficient in Microsoft Excel and PowerPoint
- Excellent verbal and written communication skills
- Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
- Ability to work in a fast-paced and quickly changing environment
Nice To Haves
- ARGUS experience preferred
Responsibilities
- Provide commercial real estate analysis and debt underwriting across all markets and property types
- Monitor each position’s performance relative to underwriting, budget, and covenants within loan documents
- Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
- Review and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
- Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
- Complete quarterly asset updates for various assets
- Update and/or create credit committee presentation memos for loan modifications
- Work collaboratively to achieve department and firm objectives
- Contribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platform
Benefits
- health, vision, and dental insurance
- paid time off
- a 401(k) retirement plan with employer matching
- discretionary bonuses
- other short- and long-term incentives (e.g., deferred cash, equity, etc.)
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Senior
