Debt Asset Management Associate
Our client is seeking a highly motivated Debt Asset Management Associate to join their Miami-based real estate debt platform. This individual will be responsible for the day-to-day asset management of a diversified portfolio of commercial real estate loans across multiple property types, including multifamily, industrial, office, retail, hospitality, self-storage, student housing, mixed-use, and specialty assets.
The Associate will play a critical role in monitoring loan performance, managing borrower relationships, evaluating property and market performance, identifying portfolio risks, and supporting loan resolutions, modifications, and capital events. The ideal candidate will possess a strong understanding of real estate finance, underwriting, credit analysis, and commercial real estate fundamentals.
Key Responsibilities
Portfolio Management
- Manage and monitor a portfolio of performing and transitional commercial real estate loans across all major property sectors.
- Conduct ongoing reviews of borrower financial reporting, property operating statements, rent rolls, leasing reports, and business plans.
- Analyze loan performance against underwriting assumptions and identify emerging risks.
- Maintain accurate asset-level reporting and loan surveillance documentation.
- Track covenant compliance, reserve balances, maturity schedules, debt yields, DSCRs, LTVs, and other key credit metrics.
Asset Surveillance & Risk Management
- Prepare quarterly and annual asset reviews highlighting performance trends, market conditions, and loan-specific risks.
- Monitor borrower compliance with loan agreements and proactively address asset-level issues.
- Evaluate requests related to lease approvals, reserve releases, property improvements, ownership transfers, and loan modifications.
- Identify and escalate potential credit concerns and recommend risk mitigation strategies.
- Monitor market dynamics and property fundamentals that could impact loan performance.
Borrower & Third-Party Management
- Maintain regular communication with sponsors, borrowers, operating partners, and third-party service providers.
- Coordinate with property managers, leasing teams, legal counsel, servicers, consultants, and lenders as necessary.
- Participate in borrower meetings and property-level strategy discussions.
Financial Analysis
- Review property-level financial performance and cash flow projections.
- Update cash flow models and asset-level business plans.
- Conduct sensitivity analyses and evaluate refinance and disposition alternatives.
- Support portfolio valuation processes and internal reporting requirements.
Loan Workouts & Special Situations
- Assist with loan restructurings, extensions, modifications, and recapitalizations.
- Support the resolution of challenged loans, including defaults, foreclosures, bankruptcies, and deed-in-lieu transactions.
- Perform recovery analyses and evaluate alternative resolution strategies.
- Coordinate with legal counsel and workout teams throughout the resolution process.
Reporting & Investment Committee Support
- Prepare investment memoranda, portfolio reviews, and asset management presentations.
- Develop reporting for senior management, investors, and lending partners.
- Assist with quarterly portfolio valuations and performance reporting.
- Support ad hoc analyses related to refinancing, asset sales, and business plan execution.
Qualifications
Required
- Bachelor's degree in Finance, Real Estate, Accounting, Economics, or related field.
- 2-5 years of experience in commercial real estate debt asset management, underwriting, credit analysis, loan servicing, lending, or real estate investment management.
- Strong knowledge of commercial real estate finance and lending structures.
- Experience reviewing property financial statements, rent rolls, leasing reports, and borrower reporting packages.
- Advanced Excel and financial modeling skills.
- Excellent analytical, organizational, and communication abilities.
- Ability to manage multiple assets and priorities simultaneously.
Preferred
- Experience with bridge loans, construction loans, transitional assets, or structured finance products.
- Exposure to loan workouts, restructurings, and special servicing.
- Familiarity with Argus Enterprise and portfolio management systems.
- Experience working with institutional real estate lenders, debt funds, mortgage REITs, banks, or private credit platforms.
- CFA, CPA, or Master's degree in Real Estate or Finance is a plus.
FAQs
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