Plymouth Meeting, PA, USA
102 days ago
AVP - Asset Management

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

This role assists in the management of a portfolio of highly structured commercial real estate loans, while adhering to company policies and procedures, and managing client relations. Additionally, provide a high level of loan surveillance support to the client by monitoring and reporting on property level cash flows, rent rolls, market conditions and property valuations for a nationwide portfolio of loans across all types of commercial real estate property types.

Essential Job Functions:  

Day to day management of assigned loans, including communication with borrowers and lenders/investors  

Processing of borrower requests and consents 

Analyze property financials and report property/loan performance to Lenders/Investors on a quarterly basis via a quarterly asset report (QAR) 

When applicable, correspond with sponsors/borrowers for updates on any property-level concerns, including capital expenditure projects, leasing progress, construction status and overall performance 

Prepare and submit weekly loan portfolio updates identifying all relevant issues, discussions and events that occurred during the week  

Monitor and report loan specific events and triggers 

Review and process construction draws 

Such other activities as may be assigned by your manager 

 

Qualifications/ Requirements: 

Bachelor’s degree; preferred field of study: real estate, finance/accounting, business or equivalent combination of education and experience strongly preferred 

Minimum of 6+ years of industry and/or relevant experience, typically with 1+ years in a Senior Associate level role or external equivalent

Experience in commercial real estate and debt or equity asset management preferred

Proficiency with major property types (office, industrial, retail, multifamily) 

Basic knowledge of specialty property types (hotels and condominiums) 

Proficiency with advanced CRE principles including underwriting, loan servicing and treasury practices  

Proficient with common CRE calculations and concepts: IRR’s, NPV, DSCR’s, DY, NOI/NCF 

Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties) and complex debt positions (participations, syndications, CLO’s/CDO’s) 

Basic Knowledge of complex debt positions (senior and mezzanine debt, warehouse and repo lines) 

Ability to create complex financial models in Excel or similar programs 

Ability to make sound decisions and work independently on projects 

Ability to work in fast-paced environment running multiple tasks under tight deadlines 

Excellent reading and comprehension skills 

Ability to communicate effectively both written and verbal 

Strong organizational and time management skills  

Advanced knowledge of MS office suite including outlook, excel, power point and word 

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$65,000.00 - $110,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal

SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

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