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Loan Asset Manager

Employer
Cobalt Recruitment
Location
London, United Kingdom
Salary
Negotiable
Closing date
Feb 27, 2024

View more

Job Function
Marketing and Public Relations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Title: Loan Asset Manager

Location: London

Role Overview: Cobalt is currently recruiting for a Loan Asset Manager to join our clients dynamic Loan Asset Management team in London. This client-facing role demands strong analytical skills and real estate debt experience. The successful candidate will play a key role in supporting the asset management of a pan-European mixed loan portfolio for a prominent global private equity firm, operating in a rapidly expanding market.

Key Responsibilities:
  • Review and oversee the approval process for waivers, lease approvals, and other ad hoc requests.
  • Conduct forward-looking monitoring and assessment of loan performance, comparing against underwriting standards and sponsor business plans.
  • Re-underwrite loans, especially those deviating from the business plan.
  • Prepare comprehensive quarterly and annual asset reviews.
  • Collaborate with the facility agent on reporting and address asset management queries.
  • Analyse development budgets, monitor project progress and manage drawdown processes.
  • Recalculate and spread financial statements and covenants in line with LMA structured finance definitions.
  • Manage property and tenant-level data, including financial trends, credit ratings, and relevant ESG credentials.
  • Actively gather and review up-to-date market research in the relevant asset class and geographic locations.
  • Participate in client meetings and present findings to stakeholders.
  • Evaluate and prepare recommendations for client consent items on loan and real estate-related matters.
  • Review relevant items of real estate finance and provide recommendations.
  • Maintain the integrity of loan information within the loan asset management system.
  • Undertake special projects as required.

Desired Skills and Experience:
  • 3-5 years' experience in the UK & European real estate finance sector, including terminology.
  • Expertise in debt due diligence and transaction management.
  • Familiarity with LMA structured finance.
  • Proficient in MS Excel and cash flow modeling.
  • Experience in underwriting and/or managing performing and non-performing loans.
  • Understanding of borrower or sponsor-level information (financial statements, corporate structure, etc.).
  • Excellent time management and organizational skills.
  • Strong analytical, written, verbal, and problem-solving skills.
  • Knowledge of European languages (German, Dutch, Italian, French, or other) is an asset.

Education/Experience:
  • Degree level education or equivalent, with real estate finance experience; or an equivalent combination of education and experience.
  • CAIA, CFA, or MRICS helpful but not essential.

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