Associate Director, Credit & Asset Management

Founded in 1988, Trimont is a specialized global commercial real estate loan services provider. The company is seeking an Associate Director, Credit & Asset Management to oversee a diversified portfolio of debt investments secured by commercial real estate. The role requires interaction with top figures in commercial real estate finance and demands a proactive approach in managing tasks such as interest billing and collection, cash waterfall arrangements, draw administration, covenant adherence, financial evaluation of asset performance, borrower consents, and client reporting.

Requirements

• Interpret complex loan agreements to accurately apply loan terms in asset management activities.
• Work closely with various internal teams to streamline asset servicing and ensure precise and prompt reporting.
• Oversee the draw process, ensuring all pre-funding conditions are met in line with credit agreements for construction, leasing, and capital expenditures.
• Facilitate the funding process in collaboration with lenders, their syndicates, co-lenders, and note-on-note financiers.
• Analyze lease proposals, drafting recommendation memos for clients.
• Analyst and process borrower consent requests.
• Engage with external consultants, including legal advisors, title agents, brokers, leasing/sales agents, and construction experts.
• Employ a range of software and applications to manage and monitor data related to properties, borrowers, and asset performance.
• Organize and assess monthly financial statements from borrowers, along with other required reports.
• Manage the collection and evaluation of annual operating and capital budgets.
• Assess the ongoing performance of operating properties by reviewing rent rolls, operating statements, and collection reports.
• Evaluate proposed cash management distributions to ensure accurate application according to cash flow waterfalls.
• Conduct regular covenant compliance checks as per loan documentation (e.g., Debt-Yield, Loan-to-Value, Debt Service Coverage Ratio).
• Generate and maintain asset reports and quarterly reporting packages that include analysis of investment performance.
• Coordinate with the tax and insurance teams to oversee insurance coverage, tax payments, and escrow requirements.
• Approve annual operating and capital budgets as well as proposed tenant leases.
• Mentor financial analysts, fostering their professional development and enhancing their skills.

Benefits

• Equal opportunity employer
• Support and celebrate diversity in the workplace
• Proud to maintain a drug-free policy