Take your career to the next level with the latest innovations and advancement in CRE technology, employment and professional development

GlobeSt logo

The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Loan Manager

Loan Manager

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
New York
Postal Code
10017
Country
Afghanistan

This job is no longer active.

Description


Aareal Capital Corporation is seeking a Senior Loan Manager who will be responsible for actively monitoring and managing the existing loan portfolio, but with the opportunity for growth as we scale up our lending operations. 

Aareal Capital Corp. is a wholly owned subsidiary of Aareal Bank AG, a publicly traded bank based in Germany that focuses on commercial real estate lending in North America, Europe and Asia.  Aareal Capital offers mortgage and mezzanine financing and has a CRE loan book over $8 billion.  Target markets include Boston, NYC, DC, Chicago, San Francisco, and L.A.


We offer a hybrid-working environment, competitive salary, excellent benefits, and welcoming collegial atmosphere.  

Below is a brief job description of the position:

Principal Tasks

•        Review and process credit applications and ad hoc credit requests
•        Ensure timely closing of new loans/restructurings with involvement in client negotiations

•        Perform periodic review of allocated loan portfolio including review of Borrower covenants and extension requirements

•        Actively manage classified loans in collaboration with origination and workout

•        Annually review loan collateral in terms of valuation
•        Prepare lease and/or loan amendment approval requests
•        Review and approve monthly draws and/or future-funding requests
•        Furnish documentation for various internal compliance and audit procedures

•        Maintain credit files to ensure accuracy, relevance, and timeliness of information

 

Secondary Role

Key Project Member

•        Work with senior management to develop and implement strategies for growing and managing the loan portfolio
•        Leverage existing technologies to improve automation, operations and portfolio/risk management
•        Research, evaluate and implement emerging technologies and tools for portfolio management and risk analysis

•        Identify opportunities for cost savings and process optimization through vendor management

•        Develop and maintain risk models and analytics to assess portfolio risk and identify potential areas of concern
•        Ad hoc projects and research

 

Qualifications

•           Bachelor’s Degree in Accounting, Business or Finance with a minimum of five years of Credit/Portfolio Management experience in the Commercial Real Estate field

•           Strong understanding and knowledge of financial statements.  Focus on equity ratios, changes in equity, debt-service coverage ratios, and cash flows

•           Demonstrated ability to write concise financial analyses and credit memoranda.  Said experience may include writing deal summaries, underwriting narratives, or investment-committee memos

•           Certification in ARGUS.  Excellent Excel skills, especially with underwriting models.  Coding, such as Python or SQL, or AI experience, such as ChatGPT or UiPath, a plus

•           Attention to detail with strong interpersonal skills

•           Ability to work both independently and in a team environment


This job is no longer active.

Finance / Investment Retail New York Full Time Portfolio Management, Risk Management, Workout/Restructuring Loan Manager other