**About this role** BlackRock’s Real Estate Debt Group has invested in various debt structures, including whole loans, B notes, mezzanine loans, preferred equity, and CMBS B-pieces, throughout North America, Europe, and Asia. The platform manages diverse investment strategies through separate accounts and commingled funds. Our extensive experience encompasses all major property types, including office, industrial, retail, hotels, and residential. The Real Estate Debt Group is currently hiring an Associate focused on Asset Management, based out of the New York headquarters office. **Responsibilities:** + Monitor a portfolio of commercial real estate loans, including whole loans, mezzanine loans, and CMBS. + Review and interpret loan documents to confirm borrower adherence to loan terms and covenants. + Provide quarterly asset reporting for internal and external parties. + Interface with loan servicers, borrowers, and lenders. + Review and analyze quarterly operating statements and rent rolls, approve budgets, major leases, and draw requests. + Monitor market conditions utilizing various market research tools and conversations with market participants. + Lead efforts to modify, restructure, and potentially foreclose on assets, working closely with outside counsel, the head of asset management, and the CIO. + Attend site inspections and interface with market participants for assets within the portfolio. **Qualifications:** + Strong proficiency in Excel modeling, with the ability to create and analyze complex financial models. + Bachelor's degree or higher in a business-related field, preferably finance or real estate. + Experience in commercial real estate, with a solid understanding of property types and market dynamics. + 3+ years of experience with a bank or debt fund in an asset management role. + Exposure to structured debt, especially mezzanine loans and CMBS/SASB deals. + Strong writing and presentation skills, with the ability to effectively communicate with senior team members and investors. For NY7 - 50 Hudson Yards, New York Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance. **Our benefits** To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about. **Our hybrid work model** BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock. **About BlackRock** At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress. This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive. For additional information on BlackRock, please visit @blackrock (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.