19 days old

Real Estate Asset Management and Servicing, VP/Director

Guggenheim Partners
Santa Monica, CA 90401
  • Job Code
    125772235
Guggenheim Partners

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

ID: 2020-1342
Category: Asset/Investment Management
Position Type: Regular Full-Time


Position Summary

Guggenheim Real Estate is the sector team within Guggenheim Partners Investment Management that sources and manages investments in commercial real estate for GPIM's advised clients. The position is for a commercial real estate finance professional who would work closely with GRE's sector leadership, Guggenheim's Client Portfolio Managers, external mortgage sub-servicers, mortgage borrowers and Guggenheim's real estate joint venture partners.

Primary focus would be on loan surveillance and administration, including supervision of GRE's loan sub-servicers and coordinating responses to borrower requests. GRE's real estate portfolio is a high touch portfolio that, in addition to stabilized mortgage loans, includes bridge loans, construction loans, CTLs and structured non-CML investments. The investments are managed for Guggenheim's clients who invest in commercial real estate, primarily life insurance companies. Guggenheim engages sub-servicers for basic loan servicing functions, but GRE retains credit authority and ultimate responsibility for all asset management decisions with respect to the commercial real estate portfolio. The individual in this position will be a member of an integrated team of investment professionals that works collaboratively to monitor and manage the commercial real estate investments of Guggenheim's advised clients. This position may be located in Santa Monica, California, St. Louis, Missouri or Atlanta, Georgia.

Essential Job Functions

  • Asset Management: Analysis, write up, recommendation and process of addressing borrower requests as they arise on mortgage loans. These requests vary in complexity and require interface with GRE's sector leadership, Client Portfolio Managers and internal operations teams. Borrower requests include: Loan assumptions, partial releases, easements, condemnations, equity transfers, property management changes, post-closing funding requests, lease reviews and SNDAs, cash collateral/loan reserve fundings, cash management waterfalls and other loan modifications.
  • Asset/Borrower Surveillance: Procurement, analysis and reporting of surveillance data regarding properties and borrower/guarantor information. Surveillance includes procuring/analyzing operating statements, property inspections, rent rolls, Borrower/Guarantor financial statements; testing financial covenants and evaluating covenant compliance and cash sweep triggers; verifying payment of taxes and that required insurance coverages and UCC continuations are in place; and maintaining complete loan files.
  • Risk Management:
    • Loan Level - Monitor loan performance relative to original underwriting in support of the monitor and watch lists, loan pricing and risk rating processes. Monitor loan covenants, overall borrower performance and the construction/asset stabilization process.
    • Portfolio Level - Monitor/report portfolio exposures/concentrations (i.e. property type, geographic, sponsor, maturity, etc.). Also, as applicable, disaster exposure reporting (i.e. storms, earthquake, flood, etc.).
  • Sub-Servicer Oversight and Management: Supervise sub-servicers in the performance of their contractual obligations (e.g., treasury and cash management oversight, payment processing/remitting, cashiering, real estate taxes, insurance, loan boarding, payoffs). Ensure sub-servicer compliance with loan documents and servicing agreements.
  • Junior Team Management: For Director-level opportunity, overall management of servicing workflow requests, sub-servicer interface and interface with internal Guggenheim teams as needed to execute on requests. Be a resource for, supervise and train junior asset management team.


Preferred Qualifications

  • Excellent communication skills and a team player
  • Experienced professional in commercial real estate operating statement analysis, underwriting, construction loan administration, asset resolution or complex commercial loan servicing desired.
  • Familiarity with treasury management structures and effective management of client cash accounts.
  • Ability to work in a cross-office team environment and work collaboratively with other GRE team members focused on investment origination, strategic partnerships, operations and administration and client reporting.
  • Advanced knowledge of Microsoft Excel; Experience with the Enterprise Loan Management System, Rockport and other commercial real estate analysis applications would be a plus


Basic Qualifications

  • Undergraduate degree in finance with a concentration in real estate or other related business field and/or significant industry experience focused on the relevant skill sets.
  • Core understanding of loan and joint venture documents, deal structures, and how to review loan files in the context of addressing loan servicing issues and Borrower credit requests.


About Us

About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our team of investment professionals performs rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with three primary businesses: investment management, investment banking, and insurance services. We have a track record of delivering results through innovative solutions, with professionals based in offices around the world. Our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. You can learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.

To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


PI125772235
Posted: 2020-11-06 Expires: 2020-12-07

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Real Estate Asset Management and Servicing, VP/Director

Guggenheim Partners
Santa Monica, CA 90401

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