What are the responsibilities and job description for the Asset Management Surveillance Associate position at CWCapital?
Job Description
Job Description
CW Financial Services LLC ("CW") is a premier and unique, full-service real-estate firm providing solutions to institutional clients in the areas of Commercial Real Estate Finance. CW is recognized industry-wide for providing the most sophisticated capital markets structuring techniques. We have earned the respect of our borrowers and investors through our demonstrated commitment to their success - by identifying opportunities, providing guidance, anticipating challenges, developing creative solutions and retaining an investment in our own loan products.
As Surveillance Associate, you will primarily analyze the qualitative and quantitative factors needed to monitor the performance of loans and properties within pools of Commercial Mortgage-Backed Securities. The role also involves utilizing various databases, market data sources, and direct research, to draw conclusions and present them to CW's bondholder clients.
Duties / Responsibilities :
- Perform ongoing portfolio management loan surveillance in preparation for scheduled client reporting periods.
- Present analysis of identified surveillance findings to clients both verbally and via various proprietary deliverables.
- Analyze qualitative factors such as property types, markets, public earnings reports, and loan sponsorship to determine the overall story and value of a specific deal.
- Evaluate quantitative data, including historical financial and proforma modeling, to assess property debt and potential value.
- Analyze loan documents for trigger events related to loan performance and tenant performance. Follow up with relevant servicing parties to ensure triggers are implemented as documented in the loan documents.
- Conduct site inspections to ensure consistency between the original lender information and the actual property condition.
- Utilize internal and external databases to gather sponsor information and loan details.
- Gather market data from sources like Costar, RCA / MSCI, Trepp, KBRA, etc. to support valuation analysis and conclusions.
- Utilize Excel extensively for data analysis and financial modeling.
- Network with brokers in different regions across the country to gather market data and insights.
- Track tenant-filed bankruptcies to evaluate loan portfolio impact, including covenant trigger events.
- Provide support to the asset management and underwriting teams on various other projects.
Required Skills / Abilities :
Education and Experience :
T he base salary range for this role is provided in accordance with local regulations, but salary represents just one component of the total compensation package. Additional elements such as bonuses, overtime, deferred cash (where applicable), benefits, perks, and company contributions to 401(k) plans-often result in total compensation significantly exceeding the base salary. Compensation is influenced by individual performance, tenure, experience, geographic location, business unit needs, company performance, and market conditions.
CW Financial Services LLC, along with its subsidiaries and affiliates, is an equal opportunity employer. We consider all qualified applicants regardless of race, religion, color, sex, age, national origin, citizenship, disability, genetic information, veteran status, marital status, sexual orientation, gender identity, or any other status protected by applicable law.
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