Description

Our client is seeking a highly motivated Debt Asset Management Associate to join their Miami-based real estate debt platform. This individual will be responsible for the day-to-day asset management of a diversified portfolio of commercial real estate loans across multiple property types, including multifamily, industrial, office, retail, hospitality, self-storage, student housing, mixed-use, and specialty assets.

The Associate will play a critical role in monitoring loan performance, managing borrower relationships, evaluating property and market performance, identifying portfolio risks, and supporting loan resolutions, modifications, and capital events. The ideal candidate will possess a strong understanding of real estate finance, underwriting, credit analysis, and commercial real estate fundamentals.

Key Responsibilities

Portfolio Management

• Manage and monitor a portfolio of performing and transitional commercial real estate loans across all major property sectors.
• Conduct ongoing reviews of borrower financial reporting, property operating statements, rent rolls, leasing reports, and business plans.
• Analyze loan performance against underwriting assumptions and identify emerging risks.
• Maintain accurate asset-level reporting and loan surveillance documentation.
• Track covenant compliance, reserve balances, maturity schedules, debt yields, DSCRs, LTVs, and other key credit metrics.

Asset Surveillance & Risk Management

• Prepare quarterly and annual asset reviews highlighting performance trends, market conditions, and loan-specific risks.
• Monitor borrower compliance with loan agreements and proactively address asset-level issues.
• Evaluate requests related to lease approvals, reserve releases, property improvements, ownership transfers, and loan modifications.
• Identify and escalate potential credit concerns and recommend risk mitigation strategies.
• Monitor market dynamics and property fundamentals that could impact loan performance.

Borrower & Third-Party Management

• Maintain regular communication with sponsors, borrowers, operating partners, and third-party service providers.
• Coordinate with property managers, leasing teams, legal counsel, servicers, consultants, and lenders as necessary.
• Participate in borrower meetings and property-level strategy discussions.

Financial Analysis

• Review property-level financial performance and cash flow projections.
• Update cash flow models and asset-level business plans.
• Conduct sensitivity analyses and evaluate refinance and disposition alternatives.
• Support portfolio valuation processes and internal reporting requirements.

Loan Workouts & Special Situations

• Assist with loan restructurings, extensions, modifications, and recapitalizations.
• Support the resolution of challenged loans, including defaults, foreclosures, bankruptcies, and deed-in-lieu transactions.
• Perform recovery analyses and evaluate alternative resolution strategies.
• Coordinate with legal counsel and workout teams throughout the resolution process.

Reporting & Investment Committee Support

• Prepare investment memoranda, portfolio reviews, and asset management presentations.
• Develop reporting for senior management, investors, and lending partners.
• Assist with quarterly portfolio valuations and performance reporting.
• Support ad hoc analyses related to refinancing, asset sales, and business plan execution.

Qualifications

Required

• Bachelor's degree in Finance, Real Estate, Accounting, Economics, or related field.
• 2-5 years of experience in commercial real estate debt asset management, underwriting, credit analysis, loan servicing, lending, or real estate investment management.
• Strong knowledge of commercial real estate finance and lending structures.
• Experience reviewing property financial statements, rent rolls, leasing reports, and borrower reporting packages.
• Advanced Excel and financial modeling skills.
• Excellent analytical, organizational, and communication abilities.
• Ability to manage multiple assets and priorities simultaneously.

Preferred

• Experience with bridge loans, construction loans, transitional assets, or structured finance products.
• Exposure to loan workouts, restructurings, and special servicing.
• Familiarity with Argus Enterprise and portfolio management systems.
• Experience working with institutional real estate lenders, debt funds, mortgage REITs, banks, or private credit platforms.
• CFA, CPA, or Master's degree in Real Estate or Finance is a plus.