ESSENTIAL FUNCTIONS: (These are the main duties/tasks of the position)

• Provide leadership to a team responsible for monitoring structured investments within Berkshire’s debt funds and assisting with the management of structured investments and troubled investments within Berkshire’s bridge funds.
• Monitor the performance and trends of all structured debt investments within Berkshire’s debt and bridge funds, ensuring comprehensive detail and data has been provided from Servicer and Borrower.
  • Compare current and trailing performance to prior period reporting and to underwriting
    • Analyze negative trends
    • Review source data for outliers
  • Ongoing engagement with servicer/asset manager to ensure proactive view of loan performance and early identification of issues
  • Track all changes in business plan, progression of business plan execution, insurance losses, and delinquencies
  • Review all annual asset inspection reports for trends
  • Complete quarterly and annual reporting, including compiling and analyzing quarterly business plan execution updates, loan performance, and loan modifications
  • Assist with loan modifications to mitigate loan default risk
  • Work with Berkshire credit managers to provide exposures for market, sponsor, product subtype, pending maturities
  • Perform exit analysis for bridge loans with 90 days to maturity to identify extension/refinance risk
  • Provide sensitivities as needed to stress loan and portfolio outcomes
• Under direction of the VP, Head of Special Asset Management and Subordinate Debt, provide watchlist summaries, prepare investment analysis, and actively participate in the troubled loan workouts
  • Provide write ups summarizing submarket, asset, sponsor and financial metrics
  • Review property level financial statements, borrower financial condition, and inspection results
  • Engage with outside counsel, special servicers, receivers, and investment partners as necessary to ensure clear communication, direction, and feedback as appropriate
  • Provide downside scenarios to include breakeven occupancy, breakeven cap rate, potential refinance shortfalls, and sponsor equity

JOB QUALIFICATION REQUIREMENTS:

Knowledge/Experience:

• A seasoned real estate professional with comprehensive knowledge of the residential sector 7+ years of experience preferred.
• Savvy and experienced underwriting and structuring of multifamily debt and equity transactions, including in the distressed arena
• Special Servicing, Loan Restructuring/Workout and Distressed Loan experience preferred
• Experience in both debt and equity transactions preferred
• Experience with GSE multifamily lending programs preferred
• Experience with cash flow modeling and waterfall analysis
• Knowledge of full capital structures
• Demonstrated successful experience in people management and leadership
• Excellent verbal and written communications skills
• Ability to work independently, with limited support to deliver results
• Ability to influence and persuade, using a variety of approaches appropriate for the situation and party being influenced
• Excellent relationship building skills in working with internal and external partners
• Ability to travel for site inspections

Technical/Educational Requirements:

• Bachelor’s Degree in a related field; MBA or related master’s degree a plus
• Excellent computer skills; proficiency with Microsoft suite of products, Investment analytical skills and advanced Excel modeling capabilities

Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)

• Stand and walk or sit alternatively depending on specific needs of the day
• Ability to lift at least 50lbs - Travel luggage

Vision Requirements: (visual needs for the position – color, small details, inspections etc.)

• Required to view computer screen, complete forms, read and review reports, and a wide variety of correspondence, including small details

Hearing Requirements: (hearing needs for the position –telephone, meetings, etc.)

• Required to communicate over telephone and in person with various people and levels of management

Speaking Requirements: (clarity, customer interaction, presentations, etc.)

• Required to communicate over telephone and in person
• Must be comfortable speaking in front of small, medium and large groups
• Must be comfortable speaking to senior management

Driving Requirements: (driving needs for the position – from property to property, travel, etc.)

• Must have valid driver's license and automobile insurance

Reasoning Development: (Low, Medium or High – for ability to apply logical thinking to defined problem solving)

• HIGH
  • Must be able to apply principles of logical thinking to define problems, collect pertinent data, establish facts, draw valid conclusions, and initiate appropriate course of action
  • Must effectively convey ideas, images and goals to a diverse group of personalities

Working Environment: (Indoors, Outdoors, special things to know about job)

• Office - Indoors mostly
• Travel – About 20% travel required, potentially including international

The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor is to limit the Company right to assign other functions to an employee in this position. This job description does not constitute a written or implied contract of employment.

Berkshire is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, ancestry, national origin, religion or religious creed, mental or physical disability, genetic information, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, gender expression, age, marital status, military or veteran status, citizenship, or other characteristics protected by state or federal law or local ordinance We strive to create a workplace where everyone feels empowered to bring their full, authentic selves to work every day. Berkshire's Equal Employment Opportunity Policy encourages the commitment of every Supervisor. All employees are expected to participate in and actively support these efforts.

Experience

• 7 year(s): 7+ years

Education

• Bachelors or better

• Masters or better in Finance

Behaviors

• Enthusiastic: Shows intense and eager enjoyment and interest
• Team Player: Works well as a member of a group