What are the responsibilities and job description for the Associate, Debt Asset Management position at Berkshire?
Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.
If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.
Position Summary
The Associate, Debt Asset Management will assist the Debt Investments Asset Management team in analysis, oversight and review of the debt investments loan portfolios.
Responsibilities include, but are not limited to :
- Assist with ongoing monitoring of loan asset-level performance
- Maintain asset and portfolio-level models to ensure accuracy in reporting and analysis
- Assist with the compilation, updating, and analysis of debt investments
- Assist with quarterly reporting and investor reporting of the portfolios
- Complete reviews and analyses of draw requests, interest reserve requests, project budget modifications, and other asset level decisions
- Compile and report on loan level, securitization and portfolio level updates on business plan progress, pending loan and rate cap maturities
- Track and monitor business plan execution, property and portfolio performance, delinquencies, and workout progress
- Compare current and trailing property performance to prior period reporting and to underwriting; analyze negative trends and review source data for outliers
- Engage with third-party servicer on ongoing basis to ensure proactive view of loan performance, availability of relevant operating data, and identification of issues
- Provide analysis of pending loan maturities and watchlist loans
- Perform property site inspections
- Engage early with leadership as issues or concerns are identified within the debt investments. Identify and recommend potential solutions and mitigants to risks and issues.
- Ensure comprehensive soft and hard documentation of necessary loan information and manage document repositories
- Consistently demonstrate use of tact and discretion
Knowledge / Experience :
Technical / Educational Requirements :
Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details – and to learn more about how we value our employees.
Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
