Analyst, Debt Asset Management

Description

The Analyst, Debt Asset Management under the direction of the senior leaders of the debt platform, will contribute to managing debt investments on behalf of Berkshire.

• Work with Research department to analyze underlying income and expense trends and market trends
• Work with Berkshire credit managers to provide exposures for market, sponsor, product subtype, pending maturities
• Develop productive working relationships with all team members including internal clients and external third parties
• Assist in the production of standardized reporting for Berkshire’s Debt Funds
• Under direction of the Senior Credit Manager, prepare watchlist summaries for submission to MF1 Leadership and Investment Committee
• Assist Credit Managers with analysis of pending loan maturities, watchlist loans, and modification efforts
• Provide sensitivities as needed to stress portfolio outcomes and impacts
• Maintain confidentiality of sensitive information and communications of information
• Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
• Assist with securitization reporting, analyzing quarterly business plan execution updates, loan performance, borrower financial condition, inspection results, and loan modifications
• Engage with third-party servicer/asset manager on ongoing basis to ensure proactive view of loan performance, availability of relevant operating data, and identification of issues
• Provide downside scenarios to include breakeven occupancy, break even cap rate, potential refinance shortfalls, and sponsor equity
• Assist with the oversight and analysis of structured debt investments including tracking all changes and the progression of business plans
• Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations
• Review loan draw and consent requests, ensuring comprehensive detail and data has been provided from Servicer and Borrower
• Stay abreast of relative market information for all markets related to the portfolio.
• Analyze current and trailing property performance to prior period reporting and to underwriting; analyzing trends and reviewing source data for outliers

Requirements

• Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
• Underwriting and/or asset management of multifamily debt transactions preferred
• Bachelor’s degree in a related field. MBA, related Master’s degree or CFA, a plus
• Proficiency with computers, keyboards, monitors and telephone headsets
• Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)
• Ability to assess and quantify risk
• Proficiency and willingness to adopt new systems and processes
• Tenacity, patience, and perseverance to work with business deals from beginning to end of process
• Demonstrate emotional intelligence in high pressure and sensitive situations
• Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
• Strong written and verbal communication skills
• Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
• Demonstrate ability to identify problems early and solve them effectively with minimal assistance
• 1+ years of successful experience in multifamily real estate
• Ability to analyze property operating statements and rent rolls
• Abilityto take direction from multiple sources while effectively managing multiple, changing priorities
• Demonstrated high level of ethics and integrity with a straightforward and honest approach
• Ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Property Management and Acquisitions and Dispositions
• Experience engaging with servicers and special servicers, a plus
• Ability to see, analyze and understand business dealings in terms of the overall business plan
• Consistently demonstrate use of tact and discretion.
• Have a keen eye for multifamily value creation opportunities and the ability to act on them through others
• Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)

Benefits

Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details – and to learn more about how we value our employees.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Training + Development

Interview process

Visa Sponsorship

Security clearance