Newmark ltd
Vice President, Asset Management
Newmark ltd, Overland Park, Kansas, United States, 66213
Job Description
NEWMARK
About Newmark (Nasdaq: NMRK)
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark's company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
SPRING11
Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 500 people based in New York, Atlanta, Houston, Boca Raton, London, and Chennai, India.
JOB DESCRIPTION:
This role will be dedicated to the asset management team of a global investment bank overseeing a multi-billion dollar portfolio of transitional real estate loans.
We are currently seeking a Vice President to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The VP will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.
Responsibilities
ESSENTIAL DUTIES:Provide commercial real estate analysis and debt underwriting across all markets and property typesMonitor each position's performance relative to underwriting, budget, and covenants within loan documentsCoordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst othersReview and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metrosMonitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testingComplete quarterly asset updates for various assetsUpdate and/or create credit committee presentation memos for loan modificationsWork collaboratively to achieve department and firm objectivesContribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platformSKILLS, EDUCATION AND EXPERIENCE:
Bachelor's Degree in Real Estate, Economics Finance or other related field requiredMinimum of 8 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwritingMust be proficient in Microsoft Excel and PowerPoint; ARGUS experience preferredExcellent verbal and written communication skillsMust possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior managementAbility to work in a fast-paced and quickly changing environment
WORKING CONDITIONS:
Normal working conditions with the absence of disagreeable elements
NOTE:
The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
NEWMARK
About Newmark (Nasdaq: NMRK)
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark's company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
SPRING11
Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 500 people based in New York, Atlanta, Houston, Boca Raton, London, and Chennai, India.
JOB DESCRIPTION:
This role will be dedicated to the asset management team of a global investment bank overseeing a multi-billion dollar portfolio of transitional real estate loans.
We are currently seeking a Vice President to join our growing team to work on a diverse portfolio of transitional commercial loan assets, including ground-up construction, spanning various property types and regions. The VP will be tasked with providing asset management support and qualitative and quantitative loan underwriting for a growing portfolio of commercial real estate loans.
Responsibilities
ESSENTIAL DUTIES:Provide commercial real estate analysis and debt underwriting across all markets and property typesMonitor each position's performance relative to underwriting, budget, and covenants within loan documentsCoordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst othersReview and approve draw requests for renovation and ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metrosMonitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testingComplete quarterly asset updates for various assetsUpdate and/or create credit committee presentation memos for loan modificationsWork collaboratively to achieve department and firm objectivesContribute to the oversight and mentorship of junior staff members to support an expanding Asset Management platformSKILLS, EDUCATION AND EXPERIENCE:
Bachelor's Degree in Real Estate, Economics Finance or other related field requiredMinimum of 8 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwritingMust be proficient in Microsoft Excel and PowerPoint; ARGUS experience preferredExcellent verbal and written communication skillsMust possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior managementAbility to work in a fast-paced and quickly changing environment
WORKING CONDITIONS:
Normal working conditions with the absence of disagreeable elements
NOTE:
The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.