Apply on Employer Site

NewPoint Real Estate Capital · 1 day ago

Bridge Asset Manager

Plano, TX

Full-time

Onsite

Mid Level

3+ years exp

NewPoint Real Estate Capital is seeking a Bridge Asset Manager to support the senior members of the Asset Management Team. The role involves managing a portfolio of commercial real estate loans and ensuring compliance with credit administration requirements.

ConsultingFinancial ServicesReal Estate Investment

Responsibilities

Monitor the collection of required financial reporting from borrowers; including, but not limited to, property operating statements (income statements, balance sheets, aged receivables), rent rolls, STR reports, and guarantor/borrower financials

Aggregating and compiling property level information into portfolio-wide statistics and presentation materials

Support the senior asset managers in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents

Manage the draw review process for value-add renovation and ground-up construction projects of varying sizes and scopes

Assist senior asset managers with quarterly asset reports, including inputting financials, updating rent rolls, and obtaining updated market information

Analysis of property operating statements, including noting significant changes in income and expenses

Performing covenant tests regarding debt service coverage ratio, debt yield, loan-to-value, and guarantor net worth hurdles

Support asset management team in their daily responsibilities

Assist in preparation of various ad-hoc reports; and

Additional ad-hoc responsibilities based on the needs of the portfolio

Qualification

Real estate experienceFinancial analysisExcel proficiencyCommercial mortgage servicingCustomer service focusProcess improvementMS Office skillsTeam collaborationProblem-solvingTime management