New York, NY, 10176, USA
24 hours ago
Vice President – Asset Management, Commercial Real Estate Debt
**About this role** BlackRock’s Real Estate Debt Group has invested in various debt structures (whole loans, B notes, mezzanine loans, preferred equity and CMBS b-pieces) throughout North America, Europe and Asia. The platform manages various investment strategies through separate accounts and commingled funds. Our extensive experience encompasses all major property types including office, industrial, retail and residential. The Real Estate Debt Group is currently hiring a Vice President to be focused on Asset Management and based out of the New York headquarters office. Responsibilities: + Responsible for monitoring a portfolio of commercial real estate loans that include whole loans, mezzanine loans and CMBS, + 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; + Lead efforts to modify, restructure and potentially foreclose on assets, working closely with outside counsel, head of asset management and CIO. + Attend site inspections and interface with market participants for assets within the portfolio Qualifications: + Bachelor's degree or higher in a business-related field, preferably finance or real estate + +7 years’ experience with a bank or debt fund in asset management role + Understanding of structured debt, having worked on mezzanine loans and CMBS/SASB deals + Proficiency in Excel and strong writing presentation skills + Ability to present to senior team members and investors For New York City only: The salary range for this position is $147,500 - $209,500. 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.
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