Benefit Street Partners (BSP) is owned by Franklin Templeton, a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you'll get exposed to different cultures, people, and business development happening around the world.

Benefit Street Partners operates independently as a Specialist Investment Manager and is a leading credit-focused alternative asset management firm. Established in 2008, the BSP platform manages funds for institutions, high-net-worth and retail investors across various strategies including: private/opportunistic debt, liquid loans, high yield, special situations, long-short liquid credit and commercial real estate debt. These complementary strategies leverage the proprietary sourcing, analytical, operational and compliance capabilities that encompass BSP's robust institutional platform.

Visit www.benefitstreetpartners.com to learn more about our company and investment strategies.

BSP's real estate strategy focuses on originating and managing commercial mortgage loans across the United States and in all segments of the market. BSP is a flexible capital provider, originating both floating-rate and fixed-rate loans across the capital structure, including first mortgage loans, mezzanine loans and preferred equity. BSP's real estate equity capabilities focus on multifamily, triple-net lease assets, and CMBS B-pieces.

BSP's dedicated real estate team today consists of 70 professionals with origination, underwriting and asset management capabilities that enable it to generate proprietary deal flow.

BSP's CRE investment team is located in New York, NY.

BSP seeks to hire an Associate with at least 2 years of relevant experience for the Asset Management group located in New York City. The position will report to the Head of Asset Management and work with a strong, seasoned team of asset management, loan origination, underwriting and securitization professionals. Through on-the-job training, the role will evolve as the candidate learns and is ready to take on additional responsibility.

Responsibilities include but are not limited to:

• Monitor and analyze the financial performance of the properties and portfolios including balance-sheet bridge loans, CMBS loans and other credit investments

• Provide support in the review of property budgets, business plans & quarterly reforecasts

• Develop a working knowledge of leases, loan documents & other legal agreements

• Help develop financial models including discounted cash flows, IRR analysis, NPV analysis, etc. utilizing Microsoft Excel and Argus

• Assist in preparation of monthly, quarterly, and annual investor reports and presentations

• Assist in the administration of on-going loan proceeds disbursements to include construction draws, leasing costs, and release of loan reserves

• Responsible for the aggregation, accuracy and reporting of data to be used for reporting and decision making by credit committee.

• Liaise with servicers and borrower to provide optimized client service.

• Interface daily with members of origination, legal, finance, securitization and underwriting teams.

The successful candidate will ideally possess:

• 2 years of full-time experience with a real estate background

• Bachelor's degree in business, finance, economics, real estate, or related field

• Understanding of real estate fundamentals, commercial office leases, financing principles, and debt capital structures

• Familiarity with loan due diligence to include property appraisals, environmental reports, engineering reports, and insurance reviews

• Loan servicing or construction loan administration experience a plus

• Commercial real estate valuation, underwriting and/or accounting experience a plus

• Outstanding quantitative and analytical skills, attention to detail, ability to multi-task effectively

• Highly proficient in Excel

• Effective oral and written communication skills

• Ability to work both independently and as a team member

• Ability to work in a fast paced, demanding environment

Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton/Benefit Street Partners, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to range between $100,000 - $130,000, plus an expected discretionary bonus.