Real Estate, Loan Asset Manager

PIMCO

  • London
  • Permanent
  • Full-time
  • 2 months ago
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.Since 1971, our people have shaped our organization through a high-performance inclusive culture, in which we celebrate diverse thinking. We invest in our people and strive to imprint our CORE values of Collaboration, Openness, Responsibility and Excellence. We believe each of us is here to help others succeed and this has led to PIMCO being recognized as an innovator, industry thought leader and trusted advisor to our clients.PIMCO is one of the world’s largest real estate investors with a $185B+ real estate platform. With over 15 years of alternatives experience, PIMCO has incorporated the firm’s investment discipline and unique sourcing capabilities with alternatives-specific talent and resources. PIMCO offers a diverse set of hedge fund, risk premia, private credit and real estate strategies that emanate from core PIMCO capabilities across global macro, quant, commodities, credit, residential and commercial real estate markets.This position will form part of PIMCO’s European Real Estate Debt business, which currently employs c. 10 investment professionals. The team is active in sourcing, underwriting, executing and managing commercial real estate (“CRE”) debt transactions across Europe. Having deployed €4B+ of CRE debt commitments to date, the team continues to invest across the capital structure and risk spectrum (senior, whole loan, mezzanine, development) and is able to look at all real estate asset classes.We are seeking an Associate to join our debt asset management team. The Asset Management Associate will work closely with senior team members both on the asset management and portfolio management teams to help support with the oversight and proactive asset management of CRE debt investments.Key responsibilities:
  • Assist in the ongoing and proactive asset management of a portfolio of CRE debt investments up and down the capital stack to maximize value and minimize risk
  • Proactively work with external partners including borrowers, lawyers, servicers, co-lenders, financing partners and third-party consultants
  • Coordinate setup of loans internally and work closely with third party servicing teams
  • Assist in building and maintaining asset management reporting (to both internal and external stakeholders), portfolio analytical activities, and stress testing
  • Assist in actively monitoring key performance indicators, property and financial performance, market conditions, servicing and administration of project draws/fundings
  • Assist in overseeing borrower execution of asset level business plans
  • Assist in the collateral valuation / re-underwriting process
  • Assist in proactively identifying any potential credit/market risks as well as proposed solutions associated with the investments
  • Assist in the negotiation and execution of any modifications, waivers or consents
  • Assist in capital markets activities with existing and new leverage providers
  • Prepare investment memos to be presented to PIMCO investment committees
Requirements:
  • 2-4 years of relevant real estate investment banking or private equity experience. Asset-level underwriting experience highly preferred
  • High proficiency in financial modelling
  • Strong analytical, interpersonal, communication and writing skills
  • At least 1 year of relevant experience within real estate (e.g. Real Estate Finance, Real Estate Investments, M&A / Investment Banking, Corporate Finance, Real Estate Advisory, Surveying, Consulting, etc.)
  • Strong work ethic and integrity: candidate should be a team player who is proactive, self-motivated and have a deep intellectual curiosity and desire to learn in a fast-paced environment
  • Excellent analytical, interpersonal communication and writing skills
  • Ability to work effectively on multiple projects simultaneously
  • Positive attitude and eagerness to learn
  • Additional European languages a plus
Equal Employment Opportunity and Affirmative Action StatementPIMCO recruits and hires qualified candidates without regard to race, national origin, ancestry, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), sexual orientation, gender (including gender identity and expression), age, military or veteran status, disability (physical or mental), any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other basis such as medical condition, or marital status under applicable laws.Applicants with DisabilitiesPIMCO is an Equal Employment Opportunity/Affirmative Action employer. We provide reasonable accommodation for qualified individuals with disabilities, including veterans, in job application procedures. If you have any difficulty using our online system due to a disability and you would like to request an accommodation, you may contact us at 949-720-7744 and leave a message. This is a dedicated line designed exclusively to assist job seekers with disabilities to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

PIMCO