Analyst, Asset Management

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're 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!

Hanover Street Capital, LLC ("Hanover Street") operates as a fully dedicated platform assisting Deutsche Bank's Commercial Real Estate Group with its $20+ bn loan portfolio. We provide a comprehensive suite of services across commercial real estate transactions and are uniquely positioned to apply our expertise and flexibility of resources to help our client solve any problem, make informed decisions, and maximize the value of their assets. With practice teams dedicated to commercial real estate loan originations, asset and portfolio management, loan servicing and administration, and transaction management, we offer a broad range of capabilities across all CRE property and credit types ranging from senior mortgages to subordinate debt. Established in 2012, Hanover Street is a wholly owned subsidiary of SitusAMC.

Position Overview:

The role will initially support the Asset Management team in managing, monitoring, and reporting on the performance of the Client's portfolios of commercial real estate loans. This will involve working closely with the Client, Portfolio Management and Servicing teams to deliver accurate, timely and consistently high-quality services.

This position is New York City based and requires a minimum 3 days in person.

Essential Job Functions:

• This position is for an Analyst who will work as part of the Asset Management team, reviewing and supporting lending decisions.

• Responsibilities occasionally may require an adjusted work schedule, working more than a traditional 8-hour day, and working evening/weekend hours in order to meet deadlines.

• Model new assets in loan performance models that report historical and projected cash and P&L. This may involve making customizations of template based on negotiated loan terms, and coordination with underwriters, Servicing and Portfolio Management.

• Review and summarize deliverables and milestones provided under loan documents and enter those requirements in an Asset Management-focused database

• LTV, DY and DSCR analyses

• Gather market data in terms of rent, occupancy, absorption, sales trends, etc.

• Spread financial statements, maintain rent rolls, create rollover reports, and monitor co-tenancy issues

• Prepare monthly asset-level reports in Excel and annual reviews in word or powerpoint

To be successful you will need:

• Experience with real estate finance and performance metrics

• Strong analytical and computer skills with a thorough knowledge of Excel including the ability to perform cash flow analyses. Must be able to work efficiently with large datasets to process and present results as requested

• Ability to work in a team environment, yet, to think independently and generate quality work product

• Ability to manage multiple priorities and meet multiple deadlines

• Must adhere to processes and procedures but suggest and implement improvements if deficiencies found:

• Attention to detail is a must

• Strong reading comprehension

• Strong business writing and presentation skills

• Required work experience & education:

• 1-3 years' experience of Commercial Real Estate debt or Credit experience.

• A bachelor's degree in Economics, Finance, Accounting or Commercial Real Estate

• Within Excel candidates should be able to map data, summarize data and construct a weighted average.

• Candidates should be able to able to determine the NPV of cash flows, determine the IRR of an investment and generate a simple maturity and balance schedule.

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Note: 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.

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SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

Job Location: New York, NY, USA

Country: USA

The annual full time base salary range for this role is ($80,000 - $110,000). Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

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