Associate Director - Commercial Real Estate Loan Portfolio Management - Auricoe

A well respected, high-growth organisation based in Atlanta is looking for a highly motivated and resourceful individual to join their Credit and Asset Management team. The Associate Director will work closely with the client’s in-house asset management and legal teams, reviewing finance documents before loan closing and throughout the loan's life. In addition, you will create financial models, scheduling conditions subsequent, construction milestones, and other significant events, along with providing borrower reporting in accordance with finance documents. The assets under management will include a mix of transitional or value-added properties across major U.S. markets. These properties span across different sectors such as office spaces, retail outlets, industrial sites, multifamily units, condominiums, student housing, and hospitality venues. This is a hybrid role, working 3 days per week in the office and 2 from home.

Associate Director, Commercial Real Estate Loan Portfolio Management Responsibilities

• Interpret complex loan agreements to accurately apply loan terms in asset management activities.
• Work closely with various internal teams to streamline asset servicing and ensure precise and prompt reporting.
• Oversee the draw process, ensuring all pre-funding conditions are met in line with credit agreements for construction, leasing, and capital expenditures.
• Facilitate the funding process in collaboration with lenders, their syndicates, co-lenders, and note-on-note financiers.
• Analyze lease proposals, drafting recommendation memos for clients.
• Engage with external consultants, including legal advisors, title agents, brokers, leasing/sales agents, and construction experts.
• Employ a range of software and applications to manage and monitor data related to properties, borrowers, and asset performance.
• Organize and assess monthly financial statements from borrowers, along with other required reports.
• Manage the collection and evaluation of annual operating and capital budgets.
• Assess the ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
• Evaluate proposed cash management distributions to ensure accurate application according to cash flow waterfalls.
• Conduct regular covenant compliance checks as per loan documentation (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
• Generate and maintain monthly asset reports and quarterly reporting packages that include analysis of investment performance.
• Coordinate with the tax and insurance teams to oversee insurance coverage, tax payments, and escrow requirements.
• Approve annual operating and capital budgets as well as proposed tenant leases.
• Mentor financial analysts, fostering their professional development and enhancing their skills.

The candidate must be capable of working independently, be able to work to tight deadlines, be exceptionally detail orientated and able to prioritise their work flows accordingly.

Associate Director, Commercial Real Estate Loan Portfolio Management Skills & Experience

• Minimum 5 years’ loan servicing experience in finance, real estate or a related field.
• Solid analytical skills with interim to advanced level ability of Excel.
• Strong organisational and communication skills and must work well within a team.
• Have the personality and resilience to thrive in a fast moving and pressurised environment and be driven/determined to see tasks through to completion.
• The ability to multi-task and meet deadlines.

The right candidate will enjoy a supportive environment and gain valuable experience, further expanding their knowledge and career in the Real Estate Finance sector.

If this sounds interesting and you feel you’re a good match please send in your resume for immediate review to matt@auricoe.com.