Associate - Manager Loan Asset Management Commercial Real Estate Lending European Debt Londonmf 70544
Associate - Manager Loan Asset Management Commercial Real Estate Lending European Debt Londonmf 70544
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Job Description
A leading global real estate investor and manager PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform focusing on the Core and Core segments of the market and managing the Allianz Groups $85B real estate mandate.
We manage a global investment portfolio c. $90B AUM with an international team of c. 450 employees working in 16 offices in Belgium China France Germany Italy Japan Singapore Spain Sweden the UK and the U.S.
PIMCOs real estate platform is one of the largest and most diversified in the world with $174B1 in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.
PIMCO Prime Real Estate manages a book of 70 Europeans loans representing an 13B exposure. The financings are granted throughout different investment vehicles and provided by a European range of investors. This role is a unique opportunity to manage variety of loans (core and enhanced) to earn experience on multijurisdictions work in growing environment and collaborate with experienced and engaged team members.
Key Responsibilities :
Loan Asset Management role covering the commercial European real estate loan book managed by Pimco Prime Real with the following scopes:
- Tracking loan performance on the dedicated portfolio allocated to the Loan Manager 1015 loans average size 150M)
- Ongoing monitoring of contractual information and compliance obligations such as covenants collaterals rent rolls insurance certificates KYC annual financial statements asset valuations business plans ESG data loan waterfall
- Support of loan closings: review of the loan documentation on loan asset management aspects liaising with investors to screen transaction and submit credit applications coordinate with various stakeholders involved in cash disbursement overwatch capital call process filling forms as well trade tickets and advise payment instructions
- For construction loans : Tracking budget and timing organizing capital call review of CPs as the case may be and ensuring loan disbursements
- Post closing works: control collecting and (electronic & hard copies) filing of loan and security documents control and monitoring of conditions subsequent
- Support loan repayment
- Able to act as Facility and Security Agent
- Internal and external operational handling of ongoing credit items and waiver requests
- Coordination with internal stakeholders and Allianz OEs concerning verification of interest payments
- Preparation of regular loan reviews including update of loan ratings performance & MV tracker MV tracker ESG summary
- Contribution to quarterly investors reportings as well as yearly ESG reporting (SFDR taxonomy energy data consumption) participation to quarterly portfolio loan review
- Liaising with external counterparts: clients agents valuers investors trustees legal advisers project monitors
- Liaising with other PPRE teams: risk & portfolio ESG reporting legal tax 3P
- Participating to asset visits (in the frame of new closings or regular portfolio review)
- Keeping cash flow up to date and sharing with stakeholder upon update providing cash flow forecast to team head in frame of investors baseline and planning
- Maintaining internal IT folder up to date populate the IT cloud (DMS) filling loan reporting systems
- Involvements in the tax topics (e.g. withholding tax or substitutive tax): tax treatment to be reflected in cash flows and forms to be properly handled
- Participating to regular team calls
- Back up colleagues during their absence
Key Requirements/Skills/Experience :
- Successfully completed real estate or banking degree
- Min. 5 years experience in similar role
- General market knowledge of commercial real estate markets in ope
- Fluent English preferable additional language skills
- Capacity to work under pressure handle multitasking & reporting burdens
- Team spirit
- Comfortable with Microsoft tools especially excel
- Attention to details
- Strong knowledge of loan documentation structure
Additional Information
- Job start : 01/07/2025
- Location : London
As of December 2024. All figures in USD. 1AUM includes c. $90B in estimated gross assets managed by PIMCO Prime Real Estate which includes PIMCO Prime Real Estate GmbH PIMCO Prime Real Estate LLC and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC is a whollyowned subsidiary of Pacific Investment Management Company LLC and PIMCO Prime Real Estate GmbH and its affiliates are whollyowned by PIMCO Europe GmbH. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.
Required Experience:
Manager
Employment Type
Full-Time
