What are the responsibilities and job description for the Portfolio Manager position at Newmark ltd?
Job Description
We are currently seeking an Analyst to join our team and will be responsible for assisting our Asset Managers across our high-yield debt and equity positions for various bank, REIT, and Private Equity clients. The Analyst will work closely with the Asset Managers on a diverse portfolio of transitional commercial loan assets spanning various commercial real estate property types and regions.
Responsibilities
ESSENTIAL DUTIES and Responsibilities :
- Support the asset managers in monitoring each position's performance relative to underwriting, budget, and covenants within loan documents
- Interaction and communication with other departments regarding borrower inquiries to ensure accuracy in all transaction requirements including billing, reporting, remitting and system set up
- Monitor portfolio specific reports as required to process any open issues as required
- Coordination with and / or management of various third parties including servicers, borrowers, lenders, and construction consultants, amongst others
- Assist with managing the draw review process for ground-up construction projects of varying sizes and scopes ranging from single-use, secondary market transactions to high-profile, trophy projects in major metros
- Assist with monitoring performance of transitional / value-add operating properties including performing lease analysis, TI / LC and Renovation draw reviews, and loan covenant testing
- Work collaboratively to achieve department and firm objectives
- Other responsibilities as assigned
Core Competencies :
Qualifications
Qualifications :
Working Conditions : Normal working conditions with the absence of disagreeable elements.
Note : The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.