Senior Associate Underwriting Credit Analysis Surveillance

In 2025 Blackstone established Brio Real Estate (Brio) as a portfolio company focused on real estate credit. Brio is a commercial real estate services platform that supports Blackstones Real Estate Debt Strategies (BREDS) investments across the globe. The company provides support across key functions including corporate transaction and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio.

Today BREDS has more than $77 billion of investor capital across high yield / opportunistic real estate credit funds a publicly traded Mortgage REIT and liquid securities strategies. BREDS is part of Blackstone Real Estate the largest owner of commercial real estate globally owning and operating assets across every major geography and sector.

Job Summary

The Senior Associate Underwriting Credit Analysis & Surveillance will be a member of a team responsible for the management and resolution of an acquired $16B commercial loan portfolio. The candidates primary role will be to perform detailed credit analysis to support liquidation and monetization strategies of individual loans and loan pools. As a member of a small team the candidate will be expected to participate in all aspects of portfolio management.

The Senior Associate will play a pivotal role in delivering exceptional detailfocused service alongside team members. This role involves generating timely and precise analytical information to bolster the Asset Management platform focusing primarily on a portfolio of acquired loans in collateralized real estate property types such as office retail industrial and multifamily. Interaction with borrowers equity partners and client representatives is a key part of the job requiring excellent interpersonal skills and a professional urgent approach to communication. The successful candidate will not only flourish in a team setting but also demonstrate the independence and initiative necessary for solo achievements including the confidence to seek clarity on complex issues or tasks.

What you will do:

• Working with senior team members to perform detailed credit analysis and reunderwriting to evaluate and make recommendation for individual asset and pool resolutions.
• Interfacing and engaging with servicers brokers and other real estate professionals to determine underlying property values.
• Participating in the preparation of monthly quarterly and ad hoc reporting and communication.
• Preparing asset resolution recommendations for senior management approval.
• Production of Investment Committee materials.
• Developing and updating sophisticated models for cash flow projections and valuations on a quarterly and annual basis.
• Performing detailed quantitative analysis including comparisons of budgeted actual and forecasted cash flows.
• Responding to ad hoc financial analysis and data inquiries efficiently.
• Analyzing and providing insights on proposed resolutions.
• Conducting market research to gather sale comparables and assumptions needed for accurate valuations.
• Mentor and guide analysts in managing their workloads ensuring efficient task distribution and support for their professional development.
• Oversee and ensure adherence to quality standards and procedures identifying and addressing any discrepancies to maintain the highest level of product or service excellence.
• Foster a collaborative and supportive team environment promoting knowledge sharing and continuous improvement.
• Stay updated with industry trends and advancements to continuously enhance team performance and service delivery.

What you should have:

• Bachelors degree in real estate finance accounting or a similar field required.
• 5 years experience working in special servicing loan workouts or loan asset management of credit impaired loans.
• Strong MS Excel modeling skills are required.
• Debt origination experience is a plus.
• Knowledgeable about commercial real estate transactions and terminology.
• Familiar with commercial real estate valuation methods and principles.
• Capable of managing multiple tasks simultaneously and adhering to deadlines.
• Possesses strong analytical and mathematical abilities.
• Excellent in both written and verbal communication.

EEO Statement

Brio Real Estate is an equal opportunity employer. In accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email