Senior Associate

Job Description

Senior AssociateCity of LondonPermanent£65,000cer Financial are working alongside a really interesting financial services company who are based in the City of London. They are seeking a Senior Associate/Portfolio Analyst to work with them on a permanent basis. They will be looking after a portfolioof Commercial Real Estate Loans packaged in CMBS.The Responsibilities of a Senior Associate Will Include:·Be able to work independently and manage multiple loan portfolios and when required monitor, report and advise key stakeholders on CRE asset management and loan asset management strategies involving a portfolio of performing loans and non performing loans.·Perform on-going primary servicing focusing on managing the bond holders, subordinated lenders and the borrowers.·Prepare quarterly Investor Reports and publish to market·Collecting and analysing Borrower reports (Rent Rolls, Operating statements, Covenants etc.).·Negotiate, as needed, with borrowers, guarantors, asset managers, property managers.·Represent clients and investors on a daily basis through role as facility agent or primary servicer.·Support and work with Legal and Senior Management on the closing of new deals.·With Experience, coach other teams members of the Asset Surveillance and wider Primary Servicing teams.·Monitor, report and advise key stakeholders on CRE asset management and loan asset management strategies involving a portfolio of performing loans and non performing loans.·Provide advice and recommendations to Lender credit function on issues relating to watch-listed and non-performing loans.·Collect and analyse Borrower reports·Review and analyse development finance documentation, review development cash flow and budget forecasts from Project Monitor reports vs underwriting assumptions and provide advice to Lenders regarding development costs and timing.·Undertake risk assessment of individual loans, underlying collateral and Borrower to determine risk ratings for each loan.·Maintain Watch List of loans considered to be higher risk and provide advice regarding possible remedies and exit strategies.·Support Lender credit function with details concerning any concession/waiver requests from the Borrower including reasoned advice and recommendations.·Liaise between Lender’s in-house asset management and credit functions and external third-party professionalsThe Successful Senior Associate Will Have:·Previous experience in commercial loan servicing in the UK or elsewhere in Europe. Experience will either have been in a third party servicer or in house at a bank or other financial institution.·Strong understanding of real estate finance and complex deal structures.·Experience on CMBS loans and working within a related credit environment involving CRE.·A related tertiary qualification to at least undergrad level ideally in Land Economics, Business, Accounting or Economics would be advantageous.·Advanced knowledge of MS Office Suite including Outlook, Excel, Word etc.