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Associate, Loan Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Dallas
 TX
Postal Code
75252
Country
United States

This job is no longer active.

Description


Serve as an Associate within the loan asset management function of CIM’s growing commercial real estate lending platform.  The Associate, Loan Asset Management is primarily responsible for ongoing, front-line asset management of construction, bridge and other commercial real estate loans for CIM’s various credit vehicles.  CIM’s credit vehicles currently consist of over $7bln AUM with an average balance of $125mm+ with office, multi-family, hospitality and industrial as the main property types

ESSENTIAL FUNCTIONS:

    • Re-underwrite and re-value CRE loan collateral (mainly office, hospitality, MF, and industrial) by creating 5-year cash flow proformas
    • Help the team lead manage the post-closing relationship with our sponsors/borrowers, including front line communications
    • Oversee external servicer and construction consultant to review and fund borrower loan advance requests
    • Work with CIM’s internal and external loan servicers to efficiently receive high-quality data and ensure borrower relationships are maintained and borrower requests are processed timely with a focus on creating positive client experiences
    • Coordinate among various CIM departments, including Investments, Legal, Development, Leasing, Property Management and Portfolio Oversight to leverage in-house expertise when conducting analysis
    • Provide research-driven recommendations and analysis with respect to lease approvals, construction draws, rebalancing requirements, asset dispositions, special servicing and REO
    • Monitor asset-level compliance with loan covenants (i.e. – DY tests, cash flow sweeps, extension tests).  

SUPERVISORY RESPONSIBILITIES

    • No supervisory responsibilities to begin with. However, strong growth prospects as the platform/team continues to grow.  

EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)

    • Bachelor’s degree in Finance, Accounting, Real Estate or other quantitative or related fields preferred
    • 2+ years relevant experience in CRE Loan Asset/Credit Risk Management.  Bridge and Construction loan experience preferred.

KNOWLEDGE, SKILLS AND ABILITIES:

    • Ability to read, analyze and interpret complex documents including legal contracts, term sheets and leases
    • Ability to respond effectively to the sensitive inquiries in written and verbal format to a wide range of audiences
    • Ability to effectively interact with both internal and external parties on complicated topics and sensitive matters
    • Familiarity with real estate and real estate finance
    • Ability to comprehend and analyze general economic data and statistics
    • Ability to model various outcomes as it pertains to real asset financial performance
    • Ability to define problems, collect data, establish facts and draw valid conclusions
    • Demonstrated proficiency with Microsoft Office including Outlook, Excel, PowerPoint and Word

This job is no longer active.

Asset / Portfolio Management Retail Dallas Full Time TX Asset Management, Portfolio Management, Underwriting Associate, Loan Asset Management other