Vice President Commercial Lender - Boston, MA, United States - Berkshire Residential Investments

Description

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams.

We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments.

The VP/SVP, Deputy Chief Credit Officer will support ownership and growth of Debt Strategies (Acquisition and Asset Management), ensuring appropriate risk management in conjunction with the Chief Credit Officer.

Work with Chief Credit Officer ("CCO") to oversee the screening, underwriting, closing and asset management of Berkshire Debt Strategies
For bridge loans, work with Senior Underwriters to ensure investments are underwritten to Berkshire standards
Monitor cash flow underwriting
Perform site inspections as necessary
Review presentation materials for accuracy and content
Work with CLO team to prepare materials for securitization or other exit strategies
For other debt investments, work with Portfolio Management to ensure prudent underwriting and analysis
Monitor cash flow underwriting
Perform site inspections as necessary
Review presentation materials for accuracy and content
Be a resource in mitigating risks and working to resolve deal issues with internal and external stakeholders
Attend all Investment Committee meetings
Be key Investments contact for Limekiln underwriting teams and BRI Senior Underwriters to assist in providing solutions and support for loans pre- and post-closing (including reporting, valuation)
Attend and jointly oversee quarterly portfolio and asset reviews
Be senior reviewer of quarterly CLO reports
Support the sourcing and structure of Debt Fund investments (K Pools and Other)
Work with PM and VP, Special Assets to ensure proper on-going asset management of portfolio loans
Support the BRI Debt Platform Asset Management
Work with Underwriting, Closing and Asset Management teams to ensure loan handoff (from Underwriting/Closing to Asset Management) encompasses all deal issues and required follow-up
Provide guidance on various asset management issues including draw requests, loan modifications / assumptions / transfers
Direct involvement in major asset management decisions including large draw requests, significant deviations from business plans, major loan modifications
Provide risk assessment of debt investments, including overall concentration and exposure risks, and provide feedback to internal and external stakeholders
Assist with identification and implementation of operational efficiencies
Support capital raising efforts on behalf of the BRI Debt Platform, directly facing clients; Support Portfolio Management, Debt Strategies, Investments, and Capital markets with investor reporting, follow-up and meetings as necessary
Participate as a senior team member in the overall Berkshire business and to grow the business and footprint in geographic region they are responsible for
Participate in national and regional trade associations that further Berkshire's business, including ULI, National Multi-Housing Council, and other appropriate organizations
Minimum 10 years' experience in commercial real estate in the multi-family sector in multiple geographies
Savvy and experienced underwriting and structuring of multifamily debt and equity transactions, including in the distressed arena
Sophisticated structuring of joint ventures containing promotes, splits, preferred returns, etc.
Knowledge of full capital structures and how best to structure transactions for maximum return
Effective negotiations skills, including, but not limited to, knowing what's important, creating win/win opportunities, knowing when to be flexible, when to be firm and knowing when to ask for investment committee guidance
Demonstrated successful experience in structuring equity, mezzanine and preferred equity deals
Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrate emotional intelligence in high pressure and sensitive situations
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
Undergraduate degree is required. MBA, CFA or equivalent experience and training preferred
Demonstrated advanced financial modeling and Excel skills required
computers/hardware, mobile, software, cloud-based programs)
Proficiency with computers, keyboards, monitors and telephone headsets.
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point), Treeno, and Document Management Systems

We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Berkshire Residential values diversity, equity, inclusion and belonging.

We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

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