Associate, Debt

Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia.

Bellwether is privately held and has offices in Los Angeles, Newport Beach, Salt Lake City, London and Dallas.

Overview

The Debt Asset Management Team is responsible for the oversight of a portfolio of commercial real estate debt investments. The Associate will be responsible for supporting the asset management team in preserving and creating value in the existing portfolio. They will work alongside the investment team in the origination, underwriting and execution of real estate debt related investment opportunities across various property types.

Associates will support the team by overseeing investments as the primary point of contact for the client, evaluating property performance and presenting well-reasoned, decisive recommendations to senior management, and providing oversight and mentorship to junior staff members to support an expanding Asset Management platform. They will be dynamic team players with a desire to lead younger members of the team and the ability to succeed in a highly entrepreneurial environment.

Key Responsibilities

• Assist in the proactive monitoring and management of a portfolio of debt investments (US and non-US) across all property types (office, industrial, hotel, retail, & residential) and securitized products, serving as primary point for each loan assigned investments;
• Develop and maintain detailed asset-level cash flow reforecasting models;
• Manage the draw review process. For assets that include construction or significant renovation/alteration projects, actively monitor the progress of the work against the budget and underwritten assumptions;
• Guide Analysts in the maintenance of detailed asset- and portfolio-reporting models to monitor the performance of investments at the asset level;
• Underwrite a variety of asset classes using Excel-based underwriting models, including complex cash flow, budget, IRR and fund/partnership waterfall modeling;
• Review and analyze business plans, leasing activity and monthly property-operating performance;
• Attend debt platform investment committee meetings and present findings to senior management;
• Perform property inspections;
• Track and highlight late payments and potential payoff and maturity date issues. Make recommendations for loan modifications and various other borrower requests;
• Market research and competitive analysis;
• Liaison with operating partners and leading members of the Acquisition Teams to review business plan execution; and
• Demonstrate strong leadership abilities and effective management skills, with a desire to manage, mentor and develop team members.
• People Management Responsibilities:
• Involved with staff selection, interviewing and training as needed;
• Oversee the day-to-day workload and performance of direct reports, providing clear direction and support as needed to achieve work objectives;
• Ensure that direct reports understand their duties and delegated tasks;
• Monitor performance and development of direct reports and provide constructive and timely feedback and coaching;
• Work with direct reports to set individual goals and deadlines and conduct regular performance reviews aligned with performance review process; and
• Handle discipline of employees in accordance with company policy

Professional Experience

• A minimum of 3 years' relevant experience
• Asset Management, Development, or Acquisitions across major asset classes experience preferred; client-facing experience preferred
• Asset management experience, including development and analysis of real estate-based financial models with a focus on multifamily, office, and industrial assets;
• Asset management experience, including development and analysis of real estate-based financial models, underwriting, valuations and discounted cash flows
• Experience with property underwriting and advanced financial modeling;
• Ability to read and analyze Loan documents, lease and management agreements
• Proficiency in Microsoft Excel, PowerPoint and ARGUS Enterprise; and
• Familiarity with the leading commercial real estate market data resources (i.e. CoStar, Real Capital Analytics, etc.) a plus.

Education/Certification

• Bachelor's degree required, preferably in Business, Finance, Real Estate, Economics, or a related field of study.

Essential Skills & Competencies

• Bellwether seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior…