K-Star Associate Asset Manager

About the position

K-Star is seeking an intelligent, analytical, and proactive associate asset manager to join the Credit Asset Management team. The associate asset manager will be responsible for the oversight and reporting on a portfolio of loans secured by stabilized, light to high transitional and possibly construction projects located throughout the United States. The qualified candidate will also be expected to participate in special projects and assignments related to the growth of the platform. With a goal of process development and execution, this candidate must be an exceptional communicator and have the ability to build strong partnerships across the various KKR businesses, including the Firm's real estate credit originations, legal, finance, and asset management teams.

Responsibilities

• Analyze and evaluate draw requests, lease approvals, loan modifications and various other borrower requests and periodic underwriting of collateral
• Monitor portfolio performance for potential adverse credit issues and trend analyses
• Analyze and utilize monthly and/or quarterly financial statements and rent rolls with comparison against underwriting and budgets
• Monitor national, regional and local market dynamics to assess tenant credit risks and concentrations
• Prepare and present asset performance reports to company management and other investor parties
• Collaborate with construction consultants and other members of the project team to monitor schedules, budgets, leasing and business plans in real time
• Interpret complex loan documents to confirm and track satisfaction of relevant loan terms and covenants
• Work closely with investment team on relationship management of transaction sponsor
• Partner with internal and external legal counsel when evaluating legal issues and documenting various transactions arising from the asset management of the portfolio
• Mentor and coach portfolio analysts in analyzing operating statements and rent rolls and supporting other asset management responsibilities
• Manage special projects, including implementation of new technologies to support K-Star's platform
• Travel on an as needed basis

Requirements

• Bachelor's degree or equivalent experience preferably in a related course of study
• At least 4 years of related work experience in asset management of loans secured by commercial real estate
• Fundamental knowledge of commercial real estate, fixed income, and general financial concepts
• Superior analytical and financial modeling skills
• Excellent organizational, verbal, and communication skills
• Exceptional attention to detail and thoroughness is required to ensure accuracy in all data and work product
• High proficiency with Microsoft Excel, Word, PowerPoint and Outlook

Nice-to-haves

• Special Servicing, Argus, construction loan or development experience a plus
• Team Player with collaborative and strong relationship building skills with the ability to work independently in a way that reflects the company's culture and core values
• Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner