Analyst, Debt Asset Management

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Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Position Summary

The Analyst, Debt Asset Management under the direction of the senior leaders of the debt platform, will contribute to managing debt investments on behalf of Berkshire.

Responsibilities

• Assist in the production of standardized reporting for Berkshire’s Debt Funds
• Assist Credit Managers with analysis of pending loan maturities, watchlist loans, and modification efforts
• Provide sensitivities as needed to stress portfolio outcomes and impacts
• Review loan draw and consent requests, ensuring comprehensive detail and data has been provided from Servicer and Borrower
• Analyze current and trailing property performance to prior period reporting and to underwriting; analyzing trends and reviewing source data for outliers
• Engage with third-party servicer/asset manager on ongoing basis to ensure proactive view of loan performance, availability of relevant operating data, and identification of issues
• Assist with the oversight and analysis of structured debt investments including tracking all changes and the progression of business plans
• Assist with securitization reporting, analyzing quarterly business plan execution updates, loan performance, borrower financial condition, inspection results, and loan modifications
• Work with Berkshire credit managers to provide exposures for market, sponsor, product subtype, pending maturities
• Work with Research department to analyze underlying income and expense trends and market trends
• Under direction of the Senior Credit Manager, prepare watchlist summaries for submission to MF1 Leadership and Investment Committee
• Provide downside scenarios to include breakeven occupancy, break even cap rate, potential refinance shortfalls, and sponsor equity
• Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations
• Stay abreast of relative market information for all markets related to the portfolio.
• Consistently demonstrate use of tact and discretion.

Knowledge and Experience

• 1+ years of successful experience in multifamily real estate
• Underwriting and/or asset management of multifamily debt transactions preferred
• Ability to analyze property operating statements and rent rolls
• Experience engaging with servicers and special servicers, a plus
• Demonstrate ability to identify problems early and solve them effectively with minimal assistance
• Have a keen eye for multifamily value creation opportunities and the ability to act on them through others
• Ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Property Management and Acquisitions and Dispositions
• Ability to take direction from multiple sources while effectively managing multiple, changing priorities
• Ability to assess and quantify risk
• Strong written and verbal communication skills
• Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
• Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
• Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
• Proficiency and willingness to adopt new systems and processes
• Demonstrate emotional intelligence in high pressure and sensitive situations
• Ability to see, analyze and understand business dealings in terms of the overall business plan
• Tenacity, patience, and perseverance to work with business deals from beginning to end of process
• Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
• Maintain confidentiality of sensitive information and communications of information
• Develop productive working relationships with all team members including internal clients and external third parties
• Demonstrated high level of ethics and integrity with a straightforward and honest approach

Technical and Educational Requirements

• Bachelor’s degree in a related field. MBA, related Master’s degree or CFA, a plus
• Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
• Proficiency with computers, keyboards, monitors and telephone headsets
• Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)

Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details – and to learn more about how we value our employees.

Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

Seniority level: Entry level

Employment type: Full-time

Job function: Analyst

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