BASIC PURPOSE:

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

ESSENTIAL FUNCTIONS: (These are the main duties/tasks of the position and important to be successful)

Responsibilities may include but are not limited to the following:

• Bridge Lending & Debt Fund Platforms
  • 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 various scenarios
  • Assist in the monitoring and analysis of structured debt investments, including mezzanine and preferred equity investments
  • Actively participate in the analysis, restructuring, and workouts of loans
  • Under direction of the AVP, Head of Special Asset Management and Subordinate Debt, 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 (20-25% of time)

JOB QUALIFICATION REQUIREMENTS:

Knowledge/Experience:

• 1+ years of successful experience in multifamily real estate
• Underwriting and/or asset management of multifamily debt/equity transactions preferred
• Experience with workouts, a plus
• 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 attention to detail
• Strong written and verbal communication skills

Technical/ Educational Requirements:

• Bachelor’s degree in a related field. MBA, related Master’s degree, or CFA or CPA a plus.
• Excellent computer skills; proficiency with Microsoft Suite of products, including advanced ability in excel modeling including cash flow analysis, waterfall modeling, and various return calculations and analysis
• Solid understanding of debt investing terminology

Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)

• Ability to sit for periods of time to work on the computer or while traveling
• Ability to lift at least 50lbs - travel with luggage

Vision Requirements: (Visual needs for the position – color, small details, inspections etc.)

• Constant need to see small detail and observe activity
• Constant need to see things clearly beyond arm’s reach

Hearing Requirements: (Hearing needs for the position –telephone, meetings, etc.)

• Constant need to communicate over telephone and in person with various people and levels of management

Speaking Requirements: (Clarity, customer interaction, presentations, etc.)

• Able to deliver a clear, concise, and easily understood message in both written and oral form
• Able to extract important information in oral communications with others

Driving Requirements: (Driving needs for the position – from property to property, travel, etc.)

• Some driving when traveling to office and/or property locations

Reasoning Development: (Low, Medium, High – for ability to apply logical thinking to defined problem solving)

• High reasoning development
• Must be able to apply principles of logical thinking to define problems, collect pertinent
  data, establish facts, draw valid conclusions and initiate appropriate course of action
• Must effectively convey ideas, images and goals to a diverse group of personalities

Working Environment: (Indoors, Outdoors, special things to know about job)

• Indoors
• Outdoors when visiting properties

Berkshire is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, ancestry, national origin, religion or religious creed, mental or physical disability, genetic information, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, gender expression, age, marital status, military or veteran status, citizenship, or other characteristics protected by state or federal law or local ordinance We strive to create a workplace where everyone feels empowered to bring their full, authentic selves to work every day. Berkshire's Equal Employment Opportunity Policy encourages the commitment of every Supervisor. All employees are expected to participate in and actively support these efforts.

The Company may revise this job description from time to time as business needs require. It is not intended to be an exhaustive listing of all the functions of the job, nor is to limit the Company right to assign other functions to an employee in this position. This job description does not constitute a written or implied contract of employment.