BSP Asset Management Associate, Commercial Real Estate

Franklin Templeton

Job Location:

New York City, NY - USA

Monthly Salary: $ 100000 - 130000

Posted on: 6 hours ago

Vacancies: 1 Vacancy

Job Summary

Benefit Street Partners: a global leader in alternative credit

Benefit Street Partners (BSP) is an alternative credit pioneer that seeks to deliver attractive returns through its relationships specialist expertise and global reach. We focus exclusively on credit building deep expertise across direct lending structured credit liquid credit special situations infrastructure debt and real estate.

As a wholly owned subsidiary of Franklin Templeton one of the worlds largest asset managers we benefit from institutional scale and resources while retaining full investment and day-to-day operational independence. This enables us to combine specialist focus with global reach offering solutions-driven strategies to meet long-term client needs.

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Firm Overview

BSPs real estate strategy focuses on originating and managing commercial mortgage loans across the United States and in all segments of the market. BSP is a flexible capital provider originating both floating-rate and fixed-rate loans across the capital structure including first mortgage loans mezzanine loans and preferred equity. BSPs real estate equity capabilities focus on multifamily triple-net lease assets and CMBS B-pieces. BSPs dedicated real estate team today consists of 70 professionals with origination underwriting and asset management capabilities that enable it to generate proprietary deal flow.

BSPs CRE investment team is located in New York NY.

Position Overview

BSP seeks to hire an Associate with at least 2 years of relevant experience for the Asset Management group located in New York City. The position will report to the Head of Asset Management and work with a strong seasoned team of asset management loan origination underwriting and securitization professionals. Through on-the-job training the role will evolve as the candidate learns and is ready to take on additional responsibility.

Responsibilities

Responsibilities include but are not limited to:

Monitor and analyze the financial performance of the properties and portfolios including balance-sheet bridge loans CMBS loans and other credit investments

Provide support in the review of property budgets business plans & quarterly reforecasts

Develop a working knowledge of leases loan documents & other legal agreements

Help develop financial models including discounted cash flows IRR analysis NPV analysis etc. utilizing Microsoft Excel and Argus

Assist in preparation of monthly quarterly and annual investor reports and presentations

Assist in the administration of on-going loan proceeds disbursements to include construction draws leasing costs and release of loan reserves

Responsible for the aggregation accuracy and reporting of data to be used for reporting and decision making by credit committee.

Liaise with servicers and borrower to provide optimized client service.

Interface daily with members of origination legal finance securitization and underwriting teams.

Qualifications

The successful candidate will ideally possess:

2 years of full-time experience with a real estate background

Bachelors Degree in business finance economics real estate or related field

Understanding of real estate fundamentals commercial office leases financing principles and debt capital structures

Familiarity with loan due diligence to include property appraisals environmental reports engineering reports and insurance reviews

Loan servicing or construction loan administration experience a plus

Commercial real estate valuation underwriting and/or accounting experience a plus

Outstanding quantitative and analytical skills attention to detail ability to multi-task effectively

Highly proficient in Excel

Effective oral and written communication skills

Ability to work both independently and as a team member

Ability to work in a fast-paced demanding environment

Compensation Range

Along with base compensation other compensation is offered such as a discretionary bonus 401k plan health insurance and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location job-related knowledge skills and experience. At Franklin Templeton/Benefit Street Partners we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to range between $100000 - $130000 plus discretionary bonus.

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Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests lifestyle or background theres a place for you at Franklin Templeton. We provide employees with the tools resources and learning opportunities to help them excel in their career and personal life.

By joining us you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health saving for lifes adventures taking care of your family members or making a positive impact in your community we aim to have them covered.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.

If you believe that you need an accommodation or adjustment due to a medical condition or disability to search for or apply for one of our positions please send an email to . In your email please include the accommodation or adjustment you are requesting the job title and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

Required Experience:

Benefit Street Partners: a global leader in alternative creditBenefit Street Partners (BSP) is an alternative credit pioneer that seeks to deliver attractive returns through its relationships specialist expertise and global reach. We focus exclusively on credit building deep expertise across direct ...