• Job Description

  Req#: JR_004636

  At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

  We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

  Title: Asset Manager, Real Estate Debt - Director

  Location: Chicago, IL; Charlotte, NC

  Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

  Primary Responsibilities

  • Liaise and be the “face” of Baring’s lending platform to Borrowers across various markets.
  • Lead borrower negotiations and collaborate with between other groups including servicing (in-house and 3rd party), portfolio management, legal, and originations through decision-making processes.
  • Complete annual loan review process for the portfolio, specifically focused on the following: (i) review the spread of property level operating statements prepared by third party; (ii) review sponsors updated financial statements; (iii) update collateral value based on DCF analysis using Argus software; (iv) perform collateral site inspections and (v) assign an internal quality rating to each loan based on performance metrics such as DSCR, LTV and Debt Yield.
  • Lead quarterly Surveillance Meetings for the portfolio and present results to Senior Management.
  • Focus on high-risk loans that are performing below original underwriting projections. Monitor and when needed work to find creative solutions to maturing loans and repayment / or refinance strategies.
  • Review draws, additional funding's and covenant testing. Monitor and enforce loan provisions on an ongoing basis as contemplated in the loan documents. Manage borrower requests and modify loan documents as necessary. Present material loan modifications to Investment Committee for review and approval.
  • Maintain an elevated focus and watchlist for the portfolio using various covenant tests and be able to discuss the nuances and performance of these loans.
  • Review annual business plans, quarterly reports, and liaise with our third-party servicing team to ensure all reporting requirement are met.
  • Supervise and direct analyst support of asset management function.
  • Report to Head of Debt Asset Management and Servicing.

  Qualifications

  The ideal candidate would have the following:

  • 5+ years of commercial real estate loan experience, distressed experience a plus
  • Bachelor’s degree required
  • Strong quantitative and analytical background
  • Understands capital structure (equity, debt, waterfalls, etc.)
  • Effective and strong verbal and written communication skills
  • Highly organized
  • Must be able to work independently while still functioning well in a team
  • Keen attention to detail and the ability to manage to aggressive deadlines
  • Ability to prioritize and manage multiple tasks
  • Excellent problem solving skills
  • In office requirement at least 3 days a week

  Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

• About the company

  Barings LLC, known as Barings, is an international investment management firm owned by Massachusetts Mutual Life Insurance Company.

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