MANAGER, REAL ESTATE FINANCE
We are seeking a proactive and result-driven professional who thrives in a structured, fast-paced and collaborative environment where getting things done is the priority. Our next Manager, Real Estate Finance will lead project financing initiatives including debt procurements, modifications and extensions and plays a key role in executing the capital strategy for the project. If you are a highly organized, independent thinker with strong attention to detail, this is the perfect opportunity for you. Join our dynamic team and take charge of your success in a role that values both teamwork and your ability to efficiently manage tasks and achieve outcomes. If you have a strong work ethic, attention to detail, a collaborative mindset, and a passion for achieving goals, we want to hear from you!
Why Al. Neyer?
For more than 125 years, Al. Neyer has offered a diverse set of real estate development and design-build construction solutions for commercial clients. Established in 1894 and employee-owned since 2014, the company specializes in build-to-suit and speculative commercial projects, including industrial facilities, office and medical buildings, multi-unit residential, as well as urban mixed-use developments. Our company’s growth is fueled by a strong commitment to our core values and the constant cultivation of a best-in-class team. Rooted in design-build construction, our development approach integrates all functions in-house including design, project management, finance, leasing, and ongoing portfolio management.
Our success is built on our disciplined approach to continuously evolving our strategy, refining our processes, and building our data-driven capacity. Most importantly, this pursuit of growth and excellence is made possible through an organization built with and by the best people. Everyone at Al. Neyer is a leader, or a developing leader and embodiment of our core values is front and center.
Summary of Responsibilities
As a key member of the Real Estate team, the Manager, Real Estate Finance is responsible for managing the debt platform for new and existing real estate investments, developing relationships with key strategic lenders, coordinating loan closings, advising real estate development and asset management on financing options and preparing reporting on the debt markets and the Company’s debt portfolio. The position will also oversee real estate financial analysts responsible for the monthly loan draw process, compliance with loan agreements, and reporting.
Essential Job Functions
- Manage and develop a team of high-performing employee-owners, providing coaching, feedback, and technical training
- Monitor KPIs for debt portfolio and forecast performance
- Execute on complex financing initiatives (loan closings, modifications, recapitalizations) through detailed planning and aligning internal and external resources
- Review and negotiate loan documents
- Establish and maintain strong lender relationships
- Responsible for debt underwriting (leverage, interest rates, DSCR, etc.) and understanding assumptions to reconcile to bank and/or appraiser’s underwriting to successfully place debt
- Own construction loan draw process and ensure timely payment of subcontractors
- Drive and ensure strict adherence to lender reporting, obligations, and covenants for each borrowing
- Prepare RFPs and documentation for debt providers for real estate developments
- Prepare loan abstracts/synopsis at the closing of a financing
- Distill debt market conditions, present comprehensive updates and analysis to internal stakeholders to inform underwriting guidelines, structure financings, inform proactive actions on portfolio to maximize investment returns
- Lead strategic initiatives and special projects as required
Essential Competencies
- Drives Results - Consistently achieving results, even under tough circumstances.
- Communicates Effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
- Decision Quality - Making good and timely decisions that keep the organization moving forward.
- Directs Work - Providing direction, delegating, and removing obstacles to get work done.
- Manages Conflict - Handling conflict situations effectively, with a minimum of noise.
- Ensures Accountability - Holding self and others accountable to meet commitments.
Position Requirements
- A proven ability to quickly adapt to changing priorities and acts with urgency
- Solid process management skills: ability to design, implement, and monitor processes
- High attention to detail and ability to meet deadlines while managing multiple projects and competing priorities
- Ability to collaborate, communicate and influence across internal business functions and external stakeholders
Qualifications and Experience
- Minimum of seven to 10 years of experience in real estate finance and capitalizing real estate developments
- Bachelor's degree in finance, real estate, accounting, or a related field
Safety Hazard of the Job
Normal safety hazards associated with office work, and with occasional observational visits to construction sites.
Physical Demands
Low physical effort required to sit, stand at files, bend, stoop, lift, and walk. Maximum unassisted lift is 35 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally, both in person and on the telephone. May require some travel by car.
Environmental Requirements
Average inside office environment. Average office noise levels. No personal protective equipment is required. Ambient temperature is between 68F and 76F.
This job description is not intended to be all-inclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment, and either you or Al. Neyer may terminate employment at any time for any reason.
