Job Description
JOB DESCRIPTION:
We are currently seeking an Associate to join our growing team responsible for management of high-yield debt and equity positions for various bank, REIT, and Private Equity clients. The will work on a diverse portfolio of transitional commercial loan assets spanning various commercial real estate property types and regions.
Responsibilities
ESSENTIAL DUTIES:

• Support the senior asset managers in monitoring each position's performance relative to underwriting, budget, and covenants within loan documents
• Coordination with and/or management of various third-parties including servicers, borrowers, lenders, and construction consultants, amongst others
• Manage the draw review process for ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
• Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
• Complete quarterly asset updates for each asset and present to client as required
• Update and/or create credit committee presentation memos for loan modifications
• Re-underwrite each asset on a semi-annual or annual basis and provide support for diligence and underwriting as needed
• Work collaboratively to achieve department and firm objectives
• Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform

Qualifications
SKILLS, EDUCATION AND EXPERIENCE:

• Bachelor's Degree in Real Estate, Economics Finance or other related field required
• Minimum of 2 years of experience in commercial real estate is required, including direct experience with investment management, asset management, commercial property management, loan origination and/or underwriting
• Must be proficient in Microsoft Excel and ARGUS experience preferred
• Excellent verbal and written communication skills
• Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations, as applicable, to senior management
• Ability 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.