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COMMERCIAL REAL ESTATE; ASSOCIATE - ASSET MANAGEMENT

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Boynton Beach
 FL
Postal Code
33426
Country
United States

This job is no longer active.

Description


COMMERCIAL REAL ESTATE; ASSOCIATE - ASSET MANAGEMENT (Palm Beach, Florida)

Forman Capital is looking to expand its team with a full time Associate, Loan Asset Manager. You will be responsible for proactively monitoring loan performance and conducting loan surveillance, from construction loan funding through to repayment, for a portfolio of commercial real estate loans.

About Forman Capital:
Forman Capital is a provider of private commercial real estate debt and equity financing based in South Florida. The firm focuses on short-term construction financing, bridge loans, mezzanine debt, and preferred and JV equity across a variety of real estate asset classes and geographies. The principals, Brett Forman and Ben Jacobson, have closed more than $2.8 billion in commercial real estate transactions since 2004. For more information, visit .

Role Responsibilities:
• Work directly with the Chief Risk Officer and other Associate Asset Management to actively manage risk and oversee assets under management.
• Assist with review of construction budgets and construction related matters in Underwriting.
• Assist with processing of Initial Advance to close new loans, and as well as tasks associated with closing.
• Review and process construction draws to provide timely funding to clients, developers, and general contractors.
• Interface and collaborate directly with clients and construction professionals to manage day-to-day activities associated with management of portfolio.
• Conduct quarterly site inspections to monitor status of assets, including construction progress.
• Financial modeling and risk analysis.
• Tracking of all loan covenants with a firm understanding of construction loan agreements.
• Partner and CRO weekly portfolio updates.
• Generating and calculating mortgage statements, pay-off statements and other documentation required to service loans.
• Interface with institutional banks for leverage.
• Calculating monthly cash needs to assist with management of capital and investors.
• Quarterly Investment Reports to include key metrics and detail updates on investments to investors.
• Daily interaction with senior management.

Compensation and Benefits:
• Competitive pay package with merit-based bonus potential.
• 401K with a match.
• Health care, dental, and vision insurance.
• Relaxed office culture with a work hard, play hard mentality.

Required Skills/Qualifications:
• Bachelor of Commerce, with a specialization in Real Estate and/or Finance or equivalent qualifications
• Minimum of 1 year experience in commercial real estate and finance.
• Superb proficiency in Microsoft Office with especially confident capabilities in Excel.
• Self-starter and creative thinker who possesses intellectual curiosity.
• Experience in real estate servicing and asset management a plus but not required.
• Strong analytical skills and ability to interpret financial data.
• Attention to detail and accuracy.
• Ability to apply critical thinking and demonstrate problem solving skills.
• Desire to work in a fast-paced environment and as part of a team.
• Excellent verbal and written communication skills.
• This is an on-site position. Remote or hybrid work is not available.

The ideal candidate brings a successful track record in an asset management role within an institutional real estate organization. You have a fiduciary orientation and a strong appreciation of process, reporting, and analysis, paired with a deep understanding of various commercial property types, including lot development, ground-up construction, office, condo’s, retail, industrial and multi-family.

This job is no longer active.

Finance / Investment Retail Boynton Beach Full Time FL Asset Management, Finance, Financial Analysis Senior Real Estate Financial Analyst other