Associate/Analyst

TPG RE Finance Trust, Inc.
Location: New York, NY/ Fort Worth, TX / Atlanta, GA
Function: Capital Markets / Portfolio Management
Title: Associate or Analyst, depending upon experience

TPG RE Finance Trust, Inc. (NYSE:TRTX) is a leading non-bank balance sheet lender that directly originates floating rate, first mortgage loans on transitional commercial real estate. TRTX's $5.6B loan portfolio includes a full range of property types in major and select secondary markets throughout the United States.

TRTX is sponsored and externally managed by TPG, Inc. (NASDAQ: TPG), a leading global alternative asset management firm with $120 billion of AUM. TRTX has access to TPG’s global platform and benefits from the Firm’s expertise, intellectual capital, deep institutional relationship network, and market knowledge. As part of TPG Real Estate, with $18B of AUM, TRTX benefits from its market insights, network, and collaboration with TPG’s private equity, growth, impact, and public markets verticals.

The TRTX Capital Markets team directs all equity and debt capital raising, loan syndication and sales, loan pricing, treasury, liquidity management, and other market-related activities in support of the Company’s investment activity. TRTX’s Portfolio Management team directs hands-on asset management, portfolio valuation (including estimated credit loss reserves), risk management, portfolio construction and rebalancing (including loan sales), and supports asset-level and corporate finance activity.

Responsibilities:
- Liaise between investment, capital markets, and asset management teams to pledge new and existing loan collateral to repurchase facilities, collateralized loan obligations (CLO) and other financing arrangements
- Prepare trade confirmation statements for:
o Pledging new loans to corporate credit facilities
o Funding existing loan draws on corporate credit facilities
o Revolving borrowings up or down on credit facilities
- Support senior capital markets professionals covering current and potential capital providers, including preparation of marketing materials and data rooms
- Compile loan draw documentation and upload supporting information to repo counterparties for review and approval
- Execute quarterly loan valuation process to determine Current Expected Credit Loss (CECL) reserve, and quarterly loan risk ratings
- Update quarterly presentation materials for lender meetings, prepare quarterly investor reports for TRTX’s CRE CLOs, and prepare CLO compliance reporting packages
- Identify optimal CLO reinvestment strategies, and manage CLO reinvestment process by preparing ASRs, data tapes, and exception reports for rating agency submission and approval
- Coordinate third party engagements (appraisal, engineering) for new loan originations
- Perform monthly analysis and reconciliations of waterfalls for all borrowing arrangements, interest income and expense, and basic loan portfolio attributes

Key Skills and Attributes
- Operational experience in real estate lending, securitization, syndication, capital markets, trading, or loan asset management
- Strong skills in Excel, PowerPoint and Word
- Attention to detail
- Team player
- Well-developed writing, financial analysis, and presentation skills
- Familiarity with commercial real estate underwriting and valuation principles
- Experience with repurchase, CMBS and/or CLO structures desirable, but not essential
- Background in accounting or finance helpful, but not required

Experience: 2-4 years in commercial real estate (CRE) lending or investment banking, CRE loan or CMBS trading, CRE loan asset management, commercial banking, or accounting.

Compensation and Benefits: Commensurate with experience and potential. Very attractive benefits package.

Targeted Start Date: ASAP