RichmondVARecruiter Since 2001
the smart solution for Richmond jobs

Assistant Vice President, Asset Management

Company: SitusAMC
Location: Richmond
Posted on: September 24, 2022

Job Description:

SitusAMC is where the best and most passionate people come to transform our clients businesses and their own careers. Whether youre a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local come join our team!Position Overview:This role assists in the management of a portfolio of highly structured commercial real estate loans, while adhering to company policies and procedures, and managing client relations. Additionally, provide a high level of loan surveillance support to the client by monitoring and reporting on property level cash flows, rent rolls, market conditions and property valuations for a nationwide portfolio of loans across all types of commercial real estate property types.Essential Job Functions:

  • Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors
  • Processing of borrower requests and consents
  • Analyze property financials and report property/loan performance to Lenders/Investors on a quarterly basis via a quarterly asset report (QAR)
  • When applicable, correspond with sponsors/borrowers for updates on any property-level concerns, including capital expenditure projects, leasing progress, construction status and overall performance
  • Prepare and submit weekly loan portfolio updates identifying all relevant issues, discussions and events that occurred during the week
  • Monitor and report loan specific events and triggers
  • Review and process construction draws
  • Such other activities as may be assigned by your managerQualifications/ Requirements:
    • Bachelors degree; preferred field of study: real estate, finance/accounting, business or equivalent combination of education and experience strongly preferred
    • Minimum 5 years of experience in commercial real estate and debt or equity asset management
    • Proficiency with major property types (office, industrial, retail, multifamily)
    • Basic knowledge of specialty property types (hotels and condominiums)
    • Proficiency with advanced CRE principles including underwriting, loan servicing and treasury practices
    • Proficient with common CRE calculations and concepts: IRRs, NPV, DSCRs, DY, NOI/NCF
    • Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties) and complex debt positions (participations, syndications, CLOs/CDOs)
    • Basic Knowledge of complex debt positions (senior and mezzanine debt, warehouse and repo lines)
    • Ability to create complex financial models in Excel or similar programs
    • Ability to make sound decisions and work independently on projects
    • Ability to work in fast-paced environment running multiple tasks under tight deadlines
    • Excellent reading and comprehension skills
    • Ability to communicate effectively both written and verbal
    • Strong organizational and time management skills
    • Advanced knowledge of MS office suite including outlook, excel, power point and wordSpecial Requirements:
      • The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employmentWorking Conditions:
        • Office environment with frequent computer, mouse, keyboard use
        • Alternating between sitting or standing as needed
        • Hearing, talking, reaching, graspingThe base salary range for this role is $80,000 to $110,000. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, equity with other team members, and alignment with market data. All full-time employees also are eligible to participate in various benefit plans, including 401K, medical, dental, vision, life, and disability insurance, in each case in accordance with the terms of the applicable plans.#LI-MS1Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.EEO is the Law (

Keywords: SitusAMC, Richmond , Assistant Vice President, Asset Management, Executive , Richmond, Virginia

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest Virginia jobs by following @recnetVA on Twitter!

Richmond RSS job feeds