Asset Manager, Real Estate Debt - Director

About the position

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities. Asset Manager, Real Estate Debt - Director. Location: Charlotte, NC / Boston, MA / Chicago, IL. Barings is a global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and uncompromising service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 600 investment professionals and offices in 17 countries.

Responsibilities

• Liaise and be the 'face' of Baring's lending platform to Borrowers in the Eastern Region.
• Coordinate between other groups including servicing (in-house and 3rd party), portfolio management, legal, and originations to lead decision-making processes.
• Complete annual loan review process for Core Portfolio, specifically focused on the following: (i) review the spread of property level operating statements prepared by third party; (ii) review sponsors updated financial statements; (iii) update collateral value based on DCF analysis using Argus software; (iv) perform collateral site inspections and (v) assign an internal quality rating to each loan based on performance metrics such as DSCR, LTV and Debt Yield.
• Lead quarterly Surveillance Meetings for Core Portfolio and present results to Senior Management. Focus on high risk loans that are performing below original underwriting projections. Discuss maturing loans and repayment / or refinance strategies.
• Review draws, additional fundings and covenant testing. Monitor and enforce loan provisions on an ongoing basis as contemplated in the loan documents. Manage borrower requests and modify loan documents as necessary. Present material loan modifications to Investment Committee for review and approval.
• Develop unique and creative workout solutions for non-performing loans assigned to Special Servicing.
• Maintain an elevated focus and watchlist for the portfolio using various covenant tests and be able to discuss these loans quarterly.
• Participate in marketing and leasing calls; analyze lease transactions, including calculation of net effective rents and impact on value.
• Review annual business plans, quarterly reports, and liaise with our third-party servicing team to ensure all reporting requirement are met.
• Prepare quarterly loan performance write-ups for High Yield loans. Assign an internal risk rating to each loan on a quarterly basis. Work with third party provider to update collateral value on a quarterly basis.
• Supervise and direct analyst support of asset management function.
• Report to Asset Management Team Lead

Requirements

• 7-10 years of commercial real estate loan or valuation experience.
• Bachelor's degree required
• Strong quantitative and analytical background
• Understands capital structure (equity, debt, waterfalls, etc.)
• Effective and strong verbal and written communication skills
• Highly organized
• Must be able to work independently while still functioning well in a team
• Keen attention to detail and the ability to manage to aggressive deadlines
• Ability to prioritize and manage multiple tasks
• Excellent problem solving skills

Benefits

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits
• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account
• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance
• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time
• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program