Loan Portfolio Asset Manager (Boston)

Winthrop Management LP, provides comprehensive property management and construction management services for Winthrop Realty Trust, AREA Property Partners, the syndicated partnerships of Winthrop Realty Partners, and a limited number of private ownership groups. Winthrop Management, LP was established in 1975 as a privately held real estate investment management company.

Essential Functions

• Manage a geographically diverse portfolio of real estate related loans.  Current portfolio consists of condo development, condo inventory, office, multi-family, hotel and senior housing
• Integral part of a growing team.  Encouraged to bring best practices to dynamic growing group
• Primarily responsible for completing quarterly investor reports, ensuring that component pieces are completed accurately and on time by others in the organization as needed
• Develop a thorough understanding of assets, markets and industry trends by conducting in-depth research and analysis. Includes tracking of comps and following general industry news on both a domestic and global basis

• Prepare monthly actual vs. plan variance analysis and communicate results to senior management
• Monitor loan covenants and compliance

• Manage and track the progress of lease up and NOI results of loan collateral
• Analyze complex capital stack sources for real estate development projects
• Review ongoing monthly construction draws, including availability of flow of funds during construction related to timeline and anticipated future draws, and prepare recommendations
• Meet strict monthly and quarterly deadlines
• Externally interact with borrowers, servicers and financing partners (A note holders, loan on loan financers and warehouse line lenders
• Respond to borrower or investor questions and requests
• Ad hoc analysis as requested by Management

Qualifications

• Minimum of 5 - 7 years of related experience preferably with a loan servicer
• High level of commercial real estate knowledge
• Working knowledge of complex construction loans
• Prior experience with Asset Management or Portfolio Management
• Strong analytical skills, and experience in financial analysis and modeling
• Strong proficiency in Excel, Word and Outlook
• Real estate valuation Excel modeling experience required
• Argus experience preferred
• Thorough understanding of NPV and IRR analysis
• Exceptional oral and written communication skills
• Ability to work in high pressure environment
• Attention to detail
• Ability to prioritize and multi-task
• Highly motivated with a willingness to learn and pitch in where needed

Required Education

Bachelor’s degree in Real Estate, Business or Finance

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. This person should be nimble and be able to adjust to the ever-changing environment.