Analyst, Credit

Berkshire Residential Investments is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire aspires to improve lives through expert capital stewardship and exceptional living experiences. Berkshire invests in affordable, middle-income, market rate and luxury apartments as well as senior housing, active adult housing, student housing, and residential asset-backed debt, based on specified investment strategies, and creates unparalleled living experiences for our residents.

Berkshire is searching for a Credit Analyst in our Debt Asset Management/Bridge Loan group.

Under the direction of the senior leaders of the debt platform, the Analyst will contribute to managing debt investments on behalf of Berkshire.

Responsibilities may include but are not limited to the following:

• Assist with ongoing monitoring of bridge loan asset level performance
• Review draw requests, 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 and review source data for outliers
• Ongoing engagement with servicer/asset manager to ensure proactive view of loan performance, availability of relevant operating data, and identification of issues
• Track all changes in business plan, progression of business plan execution, insurance losses, and delinquencies
• Assist with securitization reporting, including compiling and analyzing quarterly business plan execution updates, loan performance, borrower financial condition, inspection results, and loan modifications
• Work with Berkshire credit managers to provide exposures for market, sponsor, product subtype, pending maturities
• Assist Credit Managers with analysis of pending loan maturities and watchlist loans
• Provide sensitivities as needed to stress portfolio outcomes
• Under direction of the AVP, Credit Manager, prepare watchlist summaries for submission to MF1 Leadership and Investment Committee
• Provide downside scenarios to include breakeven occupancy, break even cap rate, potential refinance shortfalls, and sponsor equity
• Visit markets and properties to validate business plan assumptions, monitor property operations, and identify opportunities and issues to improve operations
• Stay abreast of relative market information for all markets related to the portfolio
• Periodic travel may be required (20-30% of time)

Knowledge/Experience:

• 1+ years of successful experience in multifamily real estate
• Underwriting and/or asset management of multifamily debt transactions preferred
• Ability to analyze property operating statements and rent rolls
• Experience reviewing draw packages and loan advances, a plus
• Demonstrate ability to identify problems early and solve them effectively with minimal assistance
• Have a keen eye for multifamily value creation opportunities and the ability to act on them through others
• Ability to develop and maintain effective internal and external relationships with a range of individuals including Clients, Portfolio Reporting, Property Management and Acquisitions and Dispositions
• Ability to take direction from multiple sources while effectively managing multiple, changing priorities
• Ability to assess and quantify risk
• Strong written and verbal communication skills

Technical/ Educational Requirements:

• Bachelor’s degree in a related field. MBA, related Master’s degree or CFA a plus
• Excellent computer skills; proficiency with Microsoft Suite of products, including ability to perform excel modeling including cash flow modeling and various return calculations and analysis

Behaviors

• Team Player: Works well as a member of a group
• Loyal: Shows firm and constant support to a cause
• Enthusiastic: Shows intense and eager enjoyment and interest