Senior Director - Head of Debt Asset Management (Private Credit)
Denver, CO
Full Time
Debt
Senior Manager/Supervisor
POSITION SPECIFICATION
SENIOR DIRECTOR – HEAD OF DEBT ASSET MANAGEMENT (PRIVATE CREDIT)
Shine Associates, LLC has been retained to search, identify, and recruit a Senior Director – Head of Debt Asset Management (Private Credit) to join our client (‘Company’). This position will be based in the Denver, CO office.
CONFIDENTIALITY
Shine Associates, LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning our client provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidate’s personal review of the career opportunity.
CLIENT DESCRIPTION
Our client is a Denver-based boutique investment management firm dedicated to empowering individual investors by investing through real estate cycles. With assets in 25 strategic states, the company built its foundation in development and evolved into acquisition and financing, providing access to a range of real estate investments.KEY RESPONSIBILITIES
The Senior Director – Head of Debt Asset Management is a key member of the Private Credit team, responsible for overseeing and managing the private credit investments that sit across various funds and separate accounts. The role would primarily be focused on leading the team responsible for asset-level management, reporting, managing closings, loan modifications, and facilitating the construction draw processes of real estate investments, which primarily include mezzanine loans, preferred equity, senior loans, bridge loans, and joint venture equity backed by multi-family assets (or construction projects). - Manage the asset management team (currently two) within the Private Credit platform, responsible for the day-to-day management of private credit investments, including monitoring and reporting on asset-level performance, loan covenant compliance, loan closings, leading loan/partnership modifications,
- Collaborate with the senior members of the Private Credit platform, as well as members of the investment team and other key departments at the company to manage an institutional quarterly and annual reporting process for a rapidly growing portfolio of Private Credit investments across the US.
- Work with the Private Credit asset management team to conduct regular underwriting updates as necessitated by changing market conditions (e.g., varying interest rate environment, rent and expense growth or softening, expansion or contracting of capitalization rates, etc.).
- Identify, monitor, and evaluate local and regional market and asset class trends, and general economic conditions as they relate to Private Credit investments, utilizing third-party reporting resources such as CoStar Analytics, Yardi Matrix, and Axios.
- Assist in reviewing monthly construction draw funding requests and liaise with the borrowers and property construction consultants to ensure projects are progressing on time and on budget.
- Assist as needed in the closing process of investments by managing and reviewing due diligence materials, including (but not limited to) third-party reports, guarantor financials, development plans, title and zoning, and Sponsor track record.
- Support a team of real estate private equity investment professionals responsible for the origination, underwriting, closing, and managing of investments on behalf of institutional funds and separate accounts
- Lead the private credit asset management team.
QUALIFICATIONS AND EXPERIENCE
- 8-10 years of related experience in an analytical role (preferably real estate focused)
- Experience in monitoring loans and covenant compliance, as well as monitoring the performance of multifamily assets.
- Experience in underwriting, and valuation of multifamily assets
- Experience writing memorandums and presentations for investment/credit committees.
- Experience with problem real estate assets and loans, including loan modifications and work-outs
- A demonstrable enthusiasm and commitment to the real estate industry.
- Must have strong verbal and written skills, and a demonstrable ability to construct compelling theses through meticulous research skills.
- Excellent writing skills are imperative - candidates will be asked to submit a writing sample.
- A keen attention to detail with a thorough understanding of financial applications.
- An ambitious and positive attitude - flexible work hours are sometimes required.
- A willingness to attend industry conferences and be involved in industry organizations with aspirations of growing into a senior leadership position.
- Must be self-motivated, resourceful, and able to assume an elevated level of individual responsibility.
- Travel may be required as needed.
- Bachelor’s degree or equivalent
- 8+ years related experience and/or training; or equivalent combination of education and experience
- Strong financial, analytical, and modeling skills - high proficiency in MS Excel necessary.
- No certifications required.
PHYSICAL DEMANDS
While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; stoop, kneel, crouch, or crawl and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. Travel is required.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
COMPENSATION & BENEFITS
The annual compensation for this role is expected to be approximately $150,000-250,000. Actual base salary and bonus will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus, LTIP and a variety of financial, wellbeing, and health / welfare benefits.
CONTACT INFORMATION
Lilly Beck, Director Hillary H. Shine, Principal
Shine Associates, LLC Shine Associates, LLC
[email protected] [email protected]
(978) 855-8454 Mobile: (203) 613-3562
Chandlee N. Gustafson, Associate
Shine Associates, LLC
[email protected]
(978) 201-3100
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