Description
Company Overview:
Our client is a real estate investment management company known for its vertically integrated platform and expertise in the multifamily sector. This organization is a people-focused investment manager with national experience in U.S. residential real estate. With over 50 years of experience, they manage approximately $28 billion in real estate assets on behalf of their global institutional clients. Our client aspires to improve lives through expert capital stewardship and exceptional living experiences. Their reputation for innovation and prudence attracts residents in the U.S. and investors from across the nation and from around the globe.
Position Overview:
The Senior Vice President, Deputy Chief Credit Officer will support ownership and growth of Debt Strategies (Acquisition and Asset Management), ensuring appropriate risk management in conjunction with the Chief Credit Officer. This position will be responsible for helping support the infrastructure and growth of the direct lending and debt investment platforms. They will serve as a player/coach based upon workload and prioritization of deliverables. They will be responsible for managing relationships with key stakeholders including management and joint venture partners.
Essential Functions:
• Work with Chief Credit Officer (“CCO”) to oversee the screening, underwriting, closing and asset management of the company’s Debt Strategies
o For bridge loans, work with and provide guidance to Senior Underwriters to ensure investments are underwritten to company’s standards
Monitor cash flow underwriting
Perform site inspections as necessary
Meet Sponsors as necessary
Review presentation materials for accuracy and content
Serve as a resource to asset management working with internal and external partners
Collaborate with CLO team to prepare materials for securitization or other exit strategies
o For other debt investments, work with Portfolio Management to ensure prudent underwriting and analysis
Monitor cash flow underwriting
Perform site inspections as necessary
Review presentation materials for accuracy and content
o Proactively identify or work with team members that have identified, transaction weaknesses and issues. Be a resource in mitigating risks and working to resolve deal issues with internal and external stakeholders
o Attend and help drive the agenda for all Loan Screening Committees
o Attend and participate in all Investment Committee meetings
o Serve as key Investments contact for partner underwriting teams and internal Senior Underwriters to assist in providing solutions and support for loans pre- and post-closing (including reporting, valuation)
o Attend and jointly oversee quarterly portfolio and asset reviews
o Be senior reviewer of quarterly CLO reports
• Support the sourcing and structure of Debt Fund investments (K Pools and Other)
o Review Underwriting
o Work with PM and VP, Special Assets to ensure proper on-going asset management of portfolio loans
• Support the Debt Platform Asset Management
o Work with Underwriting, Closing and Asset Management teams to ensure loan handoff (from Underwriting/Closing to Asset Management) encompasses all deal issues and required follow-up
o Provide guidance on various asset management issues including draw requests, loan modifications / assumptions / transfers
o Direct involvement in major asset management decisions including large draw requests, significant deviations from business plans, major loan modifications
• Provide risk assessment of debt investments, including overall concentration and exposure risks, and provide feedback to internal and external stakeholders
• Assist with identification and implementation of operational efficiencies
• Support capital raising efforts on behalf of the Debt Platform, directly facing clients; participating in client meetings; providing capital raise due diligence efforts
• Support Portfolio Management, Debt Strategies, Investments, and Capital markets with investor reporting, follow-up and meetings as necessary
• Participate as a senior team member in the overall business and to grow the business and footprint in the geographic region they are responsible for
• Participate in national and regional trade associations that further business, including ULI, National Multi-Housing Council, and other appropriate organizations
• Consistently demonstrate use of tact and discretion.
Job Qualification Requirements:
• Knowledge/Experience:
o Minimum 15 years’ experience in commercial real estate in the multi-family sector in multiple geographies
o Experience in both debt and equity transactions preferred
o Savvy and experienced underwriting and structuring of multifamily debt and equity transactions, including in the distressed arena
o Sophisticated structuring of joint ventures containing promotes, splits, preferred returns, etc.
o Knowledge of full capital structures and how best to structure transactions for maximum return
o Effective negotiations skills, including, but not limited to, knowing what’s important, creating win/win opportunities, knowing when to be flexible, when to be firm and knowing when to ask for investment committee guidance
o Demonstrated successful experience in structuring equity, mezzanine and preferred equity deals
o Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
o Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
o Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
o Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
o Proficiency and willingness to adopt new systems and processes.
o Demonstrate emotional intelligence in high pressure and sensitive situations
o Ability to see, analyze and understand business dealings in terms of the overall business plan
o Tenacity, patience, and perseverance to work with business deals from beginning to end of process
o Represent the company’s employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
o Maintain confidentiality of sensitive information and communications of information
o Develop productive working relationships with all team members including internal clients and external third parties
o Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical/Educational Requirements:
o Undergraduate degree is required. MBA, CFA or equivalent experience and training preferred
o Demonstrated advanced financial modeling and Excel skills required
o Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
o Proficiency with computers, keyboards, monitors and telephone headsets.
o Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point), Treeno, and Document Management Systems
Experience
Not Specified
This job is no longer active.