Job Description

MONTICELLOAM, LLC (“Monticello”), is seeking to hire an Asset Management Associate for our New York City office. The Associate’s primary responsibilities are:

• Develop and manage financial models for the evaluation of investments in debt and equity across multi-family and healthcare real estate asset classes, reviewing potential transactions for the proper balance of feasibility and risk
• Assist in commercial loan underwriting conducting initial and ongoing due diligence for loan transactions including evaluating appraisals, market studies, project capital need assessments, financial statements and credit reports for the project and its Principals, insurance policies and endorsements
• Assist in the preparation of loan commitments to borrowers
• Interface with clients, outside attorneys, and other investment stakeholders involved in a particular transaction to obtain required documentation
• Support the surveillance and asset management of Monticello’s portfolio of investments across debt and equity
• Maintain direct daily interface with borrowers, financing counterparties, investors, and firm stakeholders
• Monitor, analyze, model, re-underwrite, and report the following: property (occupancy, operating, strategic, clinical performance, changes to the competitive landscape), loan (financial condition), borrower (KYC, regulatory / reputational standing) and portfolio post-closing obligations information
• Review and interpret complex mortgage and working capital loan documents in order to enforce and forecast financial covenants, trigger events, and general loan compliance, identifying and escalating potential concerns
• Supervise the review and processing of extensions, payoffs, amendments, advances, surveys, reserves, capex, and construction draw requests, and insurance proceeds
• Assist in origination and underwriting through data analytics, participation in site and corporate entity due visits, and borrower financial and operational risk due diligence
• Facilitate the company’s growth by identifying and developing process efficiency improvements, including the development and enhancement of the firm’s custom designed technologies

Job Requirements:

• Bachelor’s Degree
• Minimum 3 years of work experience
• Finance, credit, legal, real estate and/or business background
• Extensive technology skills including Excel proficiency
• Established organizational skills and ability to simultaneously handle multiple projects
• Familiarity with multi-family housing, senior housing, health care and/or renewable energy preferred
• Effective oral and written communication and interpersonal skills to liaise with borrowers, financing counterparties, and other external parties
• Advanced financial analytical proficiency along with the ability to “see the big picture”
• Strong grasp of logic and data analytics.
• Passion for the firm and passion for what we do
• Intellectual curiosity, asking the “Why?” question

TO APPLY:

• APPLY ON LINKEDIN AT HTTPS://WWW.LINKEDIN.COM/JOBS/VIEW/2869893909/
• OR SUBMIT YOUR RESUME TO RESUME@MONITCELLOAM.COM

We offer a competitive salary based on experience as well as a complete benefit package. We are an equal opportunity employer and prohibit discrimination based on age, color, disability, national origin, race, religion, sex, veteran status, and any other legally protected class in accordance to applicable federal, state and local laws. Employment is subject to verification of pre-employment drug-screening results, DMV records check and background investigation.

Company Description

ABOUT MONTICELLO Monticello offers floating rate bridge loans, 5, 7 and 10-year fixed rate loans, as well as working capital lines of credit. Monticello provides financing for healthcare facilities and commercial real estate throughout the U.S. The firm was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, who each have over 35 years of industry experience as lenders, investors, developers and owner operators.