VP, Portfolio Manager (Real Estate Debt)

Shine Associates • San Francisco, CA

2d • $175,000 - $225,000 • Onsite

About The Position

Shine Associates, LLC has been retained to search, identify, and recruit a VP, Portfolio Manager, Real Estate debt on behalf of our client (Company’). This position will be based in the San Francisco, CA office. Our client is a 100% employee-owned investment advisor based in Seattle, Washington. Founded in 1978, the firm offers its clients a wide range of real estate debt and equity, fixed income and stock strategies. As of September 30, 2025, the Company manages over $8.8 billion in assets. As an investment manager to union trusts, the Company believes that strategy decisions must balance return opportunities with prudent risk considerations. The firm recognizes that the capital entrusted to its management represents its clients’ benefit obligations. The Company strives to provide superior risk-adjusted returns across all investment strategies. The VP, Portfolio Manager, Real Estate Debt will play a critical role in assisting the Senior Portfolio Manager (“SPM”) in management of all aspects of the principal debt funds. This includes working with the SPM to analyze prospective new loans, products, and markets as well as plan for strategic positioning of the portfolio. This senior position will collaborate with the other members of the real estate debt team, including production, accounting and transactions, to ensure the SPM’s portfolio and investment objectives are achieved.

Requirements

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• 10+ years of experience in commercial real estate, investment banking, private equity, or asset management.
• Expertise in loan workouts and debt restructuring.
• Strong proficiency in financial modeling, valuation techniques, loan sizing, and Excel.
• Experience with all major property types and markets.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills.
• Ability to present complex information clearly.
• Detail-oriented, organized, and able to manage multiple projects under tight deadlines.

Nice To Haves

• MBA preferred.

Responsibilities

• Identify and review impaired loans and lead in the negotiations for necessary restructuring with the approval and oversight of the SPM.
• Coordinate the foreclosure and deed in lieu process with the Borrower, legal counsel and internal departments.
• Manage the internal approval and documentation process for any debt restructurings
• Supervise servicing of all loans in the two principal funds, and any debt separate accounts.
• Administer all construction and land loans by approving draws, change orders, CC&Rs, easements, and partial release requests.
• With the SPM, assist accounting and compliance to resolve all audit requests and action items.
• Join Client Services and SPM in client & consultant calls.
• Assist SPM in maintaining the 12-month cash flow projections to track cash available for new investments.
• Assist with training and supervision of analysts and loan production staff.
• Provide input to the SPM on new potential loan transactions related to underwriting, structure and pricing.
• Assist the SPM in managing the underwriting and credit memo process for recommending new lending proposals to credit committee.
• Assist the SPM in managing the legal aspects of a loan closing by negotiating the loan documents, signing documents for the funds, and determining needed post-close conditions.
• Work closely with the transactions team and accounting.

Benefits

• The annual salary for this role is expected to be approximately $175,000-$225,000. Additional bonus can be earned and will be determined based on performance.
• In addition, this role may be eligible for a variety of financial, wellbeing, and health / welfare benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level