Director of Real Estate Finance
Responsibilities:
- Track entity-level cash flows for each investment and proactively identify opportunities for distributions and capital call needs
- Track Financial Covenants in Loan Agreement tests
- Perform modeling and sensitivity analysis for all loan agreement covenants and identify risk in achieving covenants
- Create analysis for loan tests including DSCR and Debt Yield tests for new debt origination
- Responsible for compliance and reporting functions related to the loans, coordinating with accounting personnel to ensure all financial statements reporting requirements are met
- Review loan documents and assist with loan closing process, including handling all lender and third-party deliverables
- Track loan maturities and flag to Asset Management and Investments
- Assist with refinancings and loan modifications
- Manage existing lender relationships and ongoing communication including monthly lender update calls
- Track capex and FF&E spend across all investments and provide reporting on capex spend as required by stakeholders
- Manage Lender Draw process for Capex, FF&E reserve, Insurance and RE Tax reserves
- Assist with Annual Budgeting process for all investments
- Assist Acquisitions and Asset Management on financial due diligence related to new investments
Qualifications:
- Minimum 7 years experience in a finance position with multi-unit oversight
- Undergrad in Finance and/or Accounting (MBA preferred)
- CPA and/or CFA preferred