New York, NY, 10176, USA
2 days ago
Director / Managing Director, Real Estate Credit Asset Management
The Director / Managing Director, Real Estate Credit Asset Management role will be responsible for all asset management functions of real estate credit investing activities. **Responsibilities:** Prior to loan closing: + Actively participate and collaborate with the originations team on the underwriting of all new credit investments to ensure consistency through post-closing + Assist on diligence and closing processes of new credit investments + Review all loan documents and understand structure of the loans to accurately asset handle all loans post-closing + Proactively asset handle all real estate credit investments, including developing institutional asset management processes to ensure visibility and ability to address any potential concerns before concerns arise in deals + Maintain positive relationships with borrowers and counterparties, balancing oversight/control of deals with future business given we are in a relationship business + If a credit deal is not performing, run all workouts and potential remedies required to protect the investments, including loan negotiations in collaboration with other senior leaders of Real Estate Credit + Collaborate with senior team members within Real Estate Credit to develop a detailed quarterly risk management process of all real estate credit investments: + The quarterly risk management process will provide all investment professionals within Real Estate Credit of individual deal level performance, business plan updates and any deal-level covenants / turning points we need to address + The risk management process will also provide a forum to address any potential leverage updates needed with our counterparties + Collaborate with internal valuations team to supervise the internal quarterly risk management process + Liaise with external third-party valuation service providers when applicable + Supervise risk management and asset management lifecycle of all real estate credit investments: + Develop an internal real estate credit asset management tracking system for risk management and asset management + Anticipate potential deviations from underwritten business plans and or potential credit issues that may result in impact loan-level performance + Collaborate with other team members to address / front-run potential upcoming credit issues and coordinate with the team to share with counterparties and / or co-lenders + Supervise the third-party administrator/servicer and work with third-party loan administrator and servicer to ensure all loans are loaded to the third-party system: + Ensure all loans are onboarded accurately to the third-party system + Ensure the third-party administrator/servicer works efficiently with internal MIM operations department + Ensure all lenders, including our counterparties, receive all money flows accurately from the deals (loan cash waterfall, any reserve fundings/releases and loan fundings, etc.) + Provide help to third-party administrator, if they have questions on loan documents + Support all new originations activities, including lending an extra pair of hands with the loan closing process + Support financing / capital markets initiatives of the fund and deals such as warehouse, subline and deal-by-deal leverage + Collaborate with fund administrator to ensure all fund-level reporting on investments are accurate and reflected accurately + Actively engage in all business development initiatives including fundraising (investment case studies, pitchbooks, participating in meetings with potential investors) + Collaborate with other members of MIM’s Global Real Estate platform + Mentor and train junior members **Qualifications:** This role within Real Estate Credit will be a highly motivated, results oriented self-starter who can lead and handle the capital markets for real estate credit platform. The ideal candidate possesses a minimum of 10 years of asset management experience on the buyside within a real estate credit fund, real estate private equity firm, mortgage REIT, or real estate investment bank, able to support and lead an outstanding asset management strategy for real estate credit investing in public and private credit. + Bachelor’s Degree in finance, economics, or a related field. + Has experience as an asset manager for a real estate credit fund or mortgage REIT + Validated ability to actively lead asset management of real estate credit, both public and private credit + Excellent relationship-management skills to establish, cultivate and maintain positive relationships with institutional investors, partners, and clients. + Experience with loan asset management, including workout / foreclosure across full lifecycle of a deal + Excellent communication and interpersonal skills + Demonstrates attention to detail and can assess potential risks of investments + Comprehensive understanding of the financial markets, market trends, regulatory requirements, and the ability to develop and implement sound investment strategies + Strong strategic, analytical and risk assessment skills **When you join our team:** + We’ll empower you to learn and grow the career you want. + We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. + As part of our global team, we’ll support you in shaping the future you want to see. **Acerca de Manulife y John Hancock** Manulife Financial Corporation es un importante proveedor internacional de servicios financieros que ayuda a las personas a tomar decisiones de una manera más fácil y a vivir mejor. Para obtener más información acerca de nosotros, visite http://www.manulife.com . **Manulife es un empleador que ofrece igualdad de oportunidades** En Manulife/John Hancock, valoramos nuestra diversidad. Nos esforzamos por atraer, formar y retener una fuerza laboral tan diversa como los clientes a los que prestamos servicios, y para fomentar un entorno laboral inclusivo en el que se aprovechen las fortalezas de las culturas y las personas. Estamos comprometidos con la equidad en las contrataciones, la retención de talento, el ascenso y la remuneración, y administramos todas nuestras prácticas y programas sin discriminación por motivos de raza, ascendencia, lugar de origen, color, origen étnico, ciudadanía, religión o creencias religiosas, credo, sexo (incluyendo el embarazo y las afecciones relacionadas con este), orientación sexual, características genéticas, condición de veterano, identidad de género, expresión de género, edad, estado civil, estatus familiar, discapacidad, o cualquier otro aspecto protegido por la ley vigente. Nuestra prioridad es eliminar las barreras para garantizar la igualdad de acceso al empleo. Un representante de Recursos Humanos trabajará con los solicitantes que requieran una adaptación razonable durante el proceso de solicitud. Toda la información que se haya compartido durante el proceso de solicitud de adaptación se almacenará y utilizará de manera congruente con las leyes y las políticas de Manulife/John Hancock correspondientes. Para solicitar una adaptación razonable en el proceso de solicitud, envíenos un mensaje a recruitment@manulife.com . **Ubicación principal** New York, New York **Modalidades de Trabajo** Híbrido **Se prevé que el rango salarial esté entre** $174,000.00 USD - $326,000.00 USD Si se está postulando para este puesto fuera de la ubicación principal, póngase en contacto con recruitment@manulife.com para conocer el rango salarial de su ubicación. El salario real variará según las condiciones locales del mercado, la geografía y los factores relacionados con el trabajo pertinentes, como conocimiento, habilidades, calificaciones, experiencia y educación/capacitación. Los empleados también tienen la oportunidad de participar en programas de incentivos y obtener una compensación de incentivos vinculada al desempeño comercial e individual. Manulife/John Hancock ofrece a los empleados aptos una amplia variedad de beneficios personalizables, entre ellos, beneficios de salud, odontológicos, de salud mental, oftalmológicos, por discapacidad a corto y a largo plazo, cobertura de seguro de vida y por muerte accidental y desmembramiento, adopción/subrogación y bienestar, y planes de asistencia al empleado/familiar. También ofrecemos a los empleados admisibles varios planes de ahorro para la jubilación (incluidos planes de ahorro 401(k) o de pensiones y un plan mundial de propiedad de acciones con contribuciones equivalentes del empleador) y recursos de asesoramiento y educación financiera. Nuestro generoso programa de días libres pagos en EE. UU. contempla hasta 11 días festivos, 3 días personales, 150 horas de vacaciones y 40 horas de licencia por enfermedad (o más cuando lo exija la ley) por año, y ofrecemos todos los tipos de licencias contempladas por la ley. **Conozca sus derechos (https://www.dol.gov/agencies/ofccp/posters)** **Permiso Familiar y Médico** **Ley de Protección del Empleado contra el Examen Poligráfico (https://www.dol.gov/sites/dolgov/files/WHD/legacy/files/eppac.pdf)** **Derecho al Trabajo** **Verificación Electrónica (E-** **Verify** **)** **Transparencia Salarial (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)** Company: John Hancock Life Insurance Company (U.S.A.)
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