Analyst, Debt (Asset Management/Bridge Lending) - Houston

Berkshire

Nov 25, 2023

Applications are closed

Job
Full-time
Entry Level
Real Estate & Property
Banking & Finance
Houston

Requirements

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

Responsibilities

Bridge Lending Platform
Assist with ongoing monitoring of bridge loan asset level performance
Review draw requests, ensuring comprehensive detail and data has been provided from servicer and borrower
Compare current and trailing performance to prior period reporting and to underwriting; analyze negative trends and review source data for outliers
Ongoing engagement with servicer/asset manager to ensure proactive view of loan performance, availability of relevant operating data, and identification of issues
Track all changes in business plan, progression of business plan execution, insurance losses, and delinquencies
Assist with securitization reporting, including compiling and analyzing quarterly business plan execution updates, loan performance, borrower financial condition, inspection results, and loan modifications
Work with Berkshire credit managers to provide exposures for market, sponsor, product subtype, pending maturities
Work with research department to analyze underlying income and expense trends and market trends
Assist credit managers with analysis of pending loan maturities and watchlist loans
Provide sensitivities as needed to stress portfolio outcomes
Under direction of the AVP, Senior Credit Manager, prepare watchlist summaries for submission to MF1 Leadership and Investment Committee
Provide downside scenarios to include breakeven occupancy, break even cap rate, potential refinance shortfalls, and sponsor equity
Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations
Stay abreast of relative market information for all markets related to the portfolio.
Periodic travel may be required (20-30% of time)
Consistently demonstrate use of tact and discretion

Berkshire

Creating thriving communities—now and for generations to come

Real Estate

Industry

501-1000

Employees

1966

Founded Year

Mission & Purpose

Berkshire Residential Investments is a people-focused investment management company known for our vertically integrated organization and experience in U.S. residential real estate. With over 56 years of experience, we manage approximately $27 billion in real estate assets* on behalf of our global institutional clients. We aspire to improve lives through expert capital stewardship and exceptional living experiences. Our reputation for innovation and prudence attracts residents in the U.S. and investors from across the nation and from around the globe.