Director of Asset Management - Real Estate Finance

Macdonald & Company is proud to be partnered with a lean and rapidly growing residential real estate finance and asset management company to appoint a Director of Asset Management to their Charlotte team. Our client is backed by relationships with several large (multi-billion-dollar) private equity groups.

The ideal candidate will have the opportunity to be an integral part of a growing team in a fast-paced, entrepreneurial work environment with external-facing client relationships and direct reporting lines to top-senior leadership. This individual will be involved in several facets of asset management, reporting, and investment performance/analysis deliverables.

Responsibilities:

Asset Management

• Lead loan asset management oversight with select clients and partnerships
• Work with the relationship manager to review expense and revenue projections, variance reporting & sensitivity analysis for residential lot development projects, and propose adjustments as necessary.
• Oversee the loan draw process, ensuring proper materials are received and that loan advances are in conformance to company policies and loan document requirements.
• Participate in and aggregate qualitative updates from developer partners and prepare summaries for senior leadership and external stakeholders.
• Monitor lot development progress to identify risks and ensure timely completion of projects.
• Oversee the monthly and quarterly investor reporting process relating to asset management.
• Implement and maintain a formal asset management policies and procedures manual.
• Ad hoc asset management reporting to senior leadership (internal) with a focus on development milestones and risk mitigation.
• Coordinate site inspection efforts for quarterly inspection coverage to ensure site progress is commensurate with pay applications and commitment draws.
• Oversee borrower insurance tracking, financial statement tracking, monthly statements, lien search process and recurring background check process.
• Oversee process for partial paydown requests, payoff requests, and monthly borrower loan statements.
• Ensure accuracy of new loan set up in the system for loan closings.
• Manage special situations with developer partners if required for non-compliant loans.
• Perform regular site visits and in-person partner meetings for key projects and partnerships.

Underwriting Support

• Participate in project due diligence review
• Perform project-specific and general market analysis
• Communicate directly with builders, engineers, and contractors to verify project assumptions
• Review of credit approval memorandums and supporting materials

Qualifications & Experience:

• Possess a minimum of 7-10 years of direct experience in real estate asset management and development, and real estate loan servicing experience.
• Bachelor’s degree required in real estate, business, finance, or related field.
• Expertly skilled with Microsoft Excel and the wider suite of Microsoft applications and Adobe
• Exceptional academic/professional written and verbal communication skills for relationship management with clients, service providers, and investors.
• Results-Oriented: track record of delivering quantifiable results to the organization (i.e. analyzing opportunities/risks, developing and executing related action plans, and delivering results).
• Operational Excellence: a proven ability to identify, collect and analyze development performance data, market research data, risk metrics, and other related data to improve outcomes.
• Self-Motivated: adaptable to a high-paced and dynamic work environment and adept at prioritizing and reprioritizing quickly changing tasks while maintaining attention to detail.
• Takes ownership of a wide and broad range of tasks, which will vary and depend on business needs at the time.
• Ability to be flexible and coachable are of paramount importance.