Managing Director, Asset Management, New York

Managing Director, Asset Management

14 Days Old

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 $35 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

We are seeking a Managing Director, Asset Management to be fully dedicated to our client, a New York City-based high yield real estate debt fund that invests in public and private markets with several billion in assets under management. The firm focuses on opportunistic and value-add debt and equity investments across asset classes in major and secondary markets throughout the U.S. The position involves a combination of operational tasks, analytical responsibilities, and active business plan execution to support the portfolio's performance and growth.

Key Responsibilities

Work with SVP of Asset Management to provide operational and analytical support across the portfolio
Assist with overseeing quarterly investment-level projections and valuations, ensuring accuracy and timeliness
Perform and review ad-hoc portfolio and investment level analysis
Participate in the review process of due diligence requests, quarterly investor reporting, and ad-hoc investor requests by working closely with VP of Operations
Oversee execution of business plans on portfolio investments by monitoring performance and driving results
Formulate strategies for existing and new positions, which may require generating borrower/asset/ market-level analyses, and financial modeling of various scenarios/outcomes
Have a working knowledge of legal documentation and knowledge of lenders' rights and remedies on loan transactions as well as joint venture agreements on equity transactions
Take lead in the disposition and/or restructure process

Professional Experience

Minimum of 15 years' of experience in commercial real estate debt and equity; asset management experience is a plus
Team-oriented attitude with a genuine interest in commercial real estate
Familiarity with, and ability to interpret and understand, complex debt structures and cash flow waterfalls
Real estate investment, lending, and/or asset management experience, including development and
analysis of real estate-based financial models, underwriting, valuations, discounted cash flows, and
load modifications
Proficiency in Microsoft Excel, PowerPoint and ARGUS Enterprise

Education/Certification

Bachelor's degree in economics, finance, real estate, or related degree is preferred.

Essential Skills & Competencies

Bellwether seeks to hire entrepreneurial individuals who are highly motivated, mature and intelligent, with demonstrated excellence in prior endeavors. The successful candidate should have:
Job Knowledge & Technical Ability: Strong attention to detail. Ability to review and interpret loan agreements. Ability to calculate monthly payments with accuracy. Proficiency with Excel and CRE loan servicing software. Proven qualitative and quantitative analysis skills. Adaptability in dynamic environment. Demonstrated ability to prioritize work and manage time effectively.
Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly effective at preparing and presenting information.
Professionalism & Teamwork: Acts with honesty and integrity and maintains confidentiality, adheres to company policies. Promotes a collaborative and productive work environment. Demonstrates team building, support and respect.

Travel Requirements

Travel is not anticipated, but may be needed from time to time.

Position Details

Classification: Exempt
Position Status: Regular / Full Time
Reports To: Principal
Direct Reports: Yes

Physical and Mental Demands

While performing the duties of this job, the employee is regularly required to stand, sit, and walk. Must be able to sit at an office workstation for an extended period of time. May need to reach, stoop, or kneel to access items.
Must be able to talk, hear and use wrists, hands and/or fingers frequently and repetitively to operate a computer, telephone and other office productivity machinery.
Must frequently prepare or inspect documents, and convey details or important instructions or ideas accurately, loudly, or quickly.
Ability to work independently, and prioritize duties to ensure timely completion. The ability to collaborate is also imperative.
Requires active listening, critical thinking, making decisions, time management, as well as administration skills.
Ability to interact in a courteous professional manner at all times.
Regular, predictable attendance is required.
The physical and mental demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

Work Environment

No hazardous or significantly unpleasant conditions (such as in a typical office).
Moderate noise (i.e., business office with computers, phones, printers and light traffic)
Indoor business office environment with windows; light foot traffic within work areas
The work environment characteristics described here are representative of those a teammate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Benefits

We offer a comprehensive benefits package that includes:
Employer-paid Medical, Dental & Vision, with buy-up options available
Flexible Spending Account, Health Savings Account
Carrot Fertility Benefit - $10,000 lifetime benefit
401k company match 4%, immediately vested
Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
14 weeks Maternity Leave & 12 weeks Parental Leave
Wellbeing program offerings
Cell phone reimbursement
Engaging team events & holiday parties

$225,000 - $250,000 a year

$225,000 - $250,000 base, plus discretionary bonus

Offered salary is based on a variety of factors, including skills, experience, and qualifications for the role.

Intent of Position Description

This position description describes the general nature and level of work required by the position. It is not intended to be an all-inclusive list of qualifications, skills, duties, responsibilities or working conditions of the job. The job description is subject to change with or without notice, and Management reserves the right to add, modify or remove any qualification or duty. Nothing in this job description changes the existing at-will employment relationship between the Company and the employee occupying the position.

Equal Opportunity Employer

Bellwether is an equal-opportunity employer. Bellwether complies with all federal, state, and local laws providing equal employment opportunities, and all other employment laws and regulations. All qualified applicants are considered for employment without regard to an individual's race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition (including cancer and genetic characteristics), genetic information, marital status, reproductive health decision-making, sex, gender (including gender identity and gender expression), age, sexual orientation, protected veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. All candidates must be able to prove eligibility to work in the United States and willing to complete a background check.

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Location:: New York
Job Type:: FullTime

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