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About the Role

Oversee a portfolio of structured loans and lines of credit to real estate owners and developers, managing underwriting, structuring, and asset management. This role involves managing internal and external stakeholders, crossing platforms and departments, and providing managerial oversight to a team.

Responsibilities

• Oversee underwriting and structuring of new loan opportunities.
• Oversee ongoing asset management of the loan portfolio.
• Lead, manage, and develop the team.
• Proactively monitor and manage ongoing risks in the portfolio.
• Effectively communicate with stakeholders.
• Enhance existing policies, procedures, and tools.
• Underwrite new loan opportunities.
• Manage borrower relationships for a portfolio of secured and unsecured loans.
• Set up and maintain detailed loan files for tracking funding, disbursements, and repayments.
• Monitor collateral structures, including pledges of ownership, cash flow, developer fee, and business assets.
• Ensure timely and accurate completion of quarterly financial analysis, loan grading, and covenant testing.
• Conduct credit analysis for loan extensions and modifications.
• Participate in Loan Review Memo presentation calls.
• Evaluate the sufficiency of risk rating methodology.
• Provide input on team infrastructure, technology platforms, policies/procedures, and staffing plans.
• Escalate issues on deals through the monthly Escalation Meeting.
• Present issues to Credit Committee and executive management team.
• Assist with determining best practices for a growing product offering.
• Provide feedback on resource and technology needs.
• Collaborate with other departments, including underwriting, originations, legal, and closing.
• Lead special projects upon request.

Requirements

• Minimum 10 years of relevant experience.
• Experience structuring, underwriting, or managing secured and unsecured structured loans, including real estate mortgages.
• Prior asset management and underwriting experience required.
• Organized, detailed-oriented approach to work.
• Personable demeanor effective at delivering high-quality customer experience.
• Problem-solving skills.
• Self-starter mentality that responds well to work pressure and urgent deadlines.
• Excellent written and verbal communication skills.
• Ability to actively listen and respond appropriately.
• Encourages strategic, creative thinking.
• Experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.

Skills

• Structuring structured loans
• Underwriting structured loans
• Managing structured loans
• Real estate mortgages
• Asset management
• Underwriting
• Organization
• Detail-orientation
• Customer experience
• Problem-solving
• Self-starter
• Work pressure management
• Deadline management
• Written communication
• Verbal communication
• Active listening
• Strategic thinking
• Creative thinking
• Data interpretation
• Risk management

Location

• New York, NY

Work Type

• Full-time

Experience Level

• Senior
• 10+ years

Education Level

• Bachelors in finance, accounting, real estate or related field

Salary/Compensations

• $295,000 - $400,000 annually

Benefits

• 401(k) employer contributions
• Employee stock ownership plan (ESOP)
• Medical insurance
• Dental insurance
• Vision insurance
• Paid time off
• Paid holidays
• Paid leave
• Short-term disability
• Long-term disability
• Health savings accounts (HSAs)
• Flexible spending accounts (FSAs)
• Dependent care reimbursement accounts
• Commuter reimbursement accounts
• Employee life insurance
• Dependent life insurance
• Supplemental life insurance
• Supplemental AD&D insurance
• Telehealth
• Optional ancillary insurance policies
• Education assistance
• Employee assistance program

About the Company

• With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide.
• Licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to bank’s balance sheet products, allow offering custom solutions with agility and ease of execution, expanding access to housing.
• Recognized as a top five affordable lender, Merchants Capital pairs comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners.