What are the responsibilities and job description for the SVP, Investment Real Estate (Sponsored Loan Portfolio) position at Veritas Partners?
SVP Asset Management Director (IRE) - NYC, DC, Chicago or Dallas
This role can sit in their NYC or Washington DC offic
eHybrid schedule: 3 days in offic
e
Responsibilitie
- s:Manage borrower relationships on a portfolio of secured and unsecured loans utilized for a variety of uses including but not limited to acquisition, pre-development and working capital need
- s.Work with asset manager and analyst to setup and maintain detailed loan files to ensure adequate tracking of funding requirements, disbursements and repayment
- s.Monitor sufficiency of a variety of collateral structures including but not limited to pledges of ownership, cash flow, developer fee and business asset
- s.Ensure timely, accurate completion of quarterly financial analysis, loan grading and covenant testin
- g.Conduct credit analysis for loan extensions and modifications, analyzing historical and anticipated usage and repayment projections as well as collateral adequacy and clearly articulate main risks and mitigants to the transactio
- n.Participate in Loan Review Memo presentation calls for new deals to ensure clear understanding of the expectations for asset management once the deal close
- s.Involvement in ongoing evaluation of sufficiency of risk rating methodology to ensure grading metrics are appropriate across various lending structure
- s.Key point person as team grows, with input on development of team infrastructure, technology platforms, policies/procedures and staffing plan
- s.Escalate issues on deals through the monthly Escalation Meeting and present issues to Credit Committee and executive management tea
- m.Assist with determining best practices for a growing product offering and provide feedback on resource and technology need
- s.Collaborate with other departments within the company including a timely feedback loop to underwriting, originations, legal and closing on deal specific and common theme issues and “lessons learned
- ”.Lead special projects upon reques
t.
Requiremen
- ts:Requires an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experie
- nceProblem-solving skills with a self-start mentality that responds well to work pressure and urgent deadli
- nesExcellent written and verbal communication skills with an ability to actively listen and respond appropriat
- elyEncourages strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing r
- iskRequires a minimum of a Bachelors in finance, accounting, real estate or related fi
- eld8 years' experience in an asset management, portfolio management or underwriting capac
- ityMust have experience with lines of credit to commercial real estate clie
Salary : $250,000 - $300,000