What are the responsibilities and job description for the Associate, CRE Asset Management position at Bayview Asset Management, LLC?
Overview
ABOUT US:
Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.
POSITION SUMMARY:
The Associate will be responsible for the oversight and optimization of commercial mortgage portfolios and performing asset management including underwriting, due diligence and internal reporting for commercial real estate loans throughout the U.S. with a concentration in the Northeast. The Associate will have the opportunity to work with multiple debt products: bridge/transitional, CMBS, construction and mezzanine solutions for all commercial real estate classes, in addition to working on loan acquisition opportunities and other structured real estate financing transactions.
The ideal candidate is self-motivated, works effectively in teams, is detail oriented, and able to work on multiple transactions at once in a fast-paced environment.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
ABOUT US:
Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.
POSITION SUMMARY:
The Associate will be responsible for the oversight and optimization of commercial mortgage portfolios and performing asset management including underwriting, due diligence and internal reporting for commercial real estate loans throughout the U.S. with a concentration in the Northeast. The Associate will have the opportunity to work with multiple debt products: bridge/transitional, CMBS, construction and mezzanine solutions for all commercial real estate classes, in addition to working on loan acquisition opportunities and other structured real estate financing transactions.
The ideal candidate is self-motivated, works effectively in teams, is detail oriented, and able to work on multiple transactions at once in a fast-paced environment.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Monitor property performance including occupancy, lease expirations, revenues, and operating expenses.
- Monitor loan performance including covenant compliance, loan underwriting metrics, and sponsor financial reporting.
- Prepare and present comprehensive reports for senior management and investors.
- Conduct market research and monitor market trends.
- Review and screen debt financing and loan acquisition opportunities.
- Create detailed cash flow analyses using Excel.
- Strong analytical and quantitative skills.
- Demonstrated understanding of and strong interest in commercial real estate, capital markets, and debt financing.
- Excellent verbal, writing, and communication skills.
- Ability to work in a collaborate team environment
- Proficiency using Excel
- 4 years of experience in commercial real estate asset management and/or commercial mortgage originations or underwriting
- Bachelor’s degree in business administration, real estate, economics, engineering or math field, with a demonstrated interest in real estate finance.
- This is an onsite position based in Bayview’s New York, NY office.
- Base compensation is expected to be $100,000 - $140,000 with the opportunity for incentive compensation including a performance-based bonus.
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
Salary : $100,000 - $140,000
