Director, Residential Credit Asset Management
Dallas, TX, United States
About Us
Trimont, LLC is a commercial real estate services firm, which has been providing asset management, loan servicing, due diligence and customized advisory solutions to commercial real estate lenders and investors for over 30 years. We are a trusted partner to clients in the Americas, Europe and Asia.
Position Overview:
Trimont is seeking an Associate in our Dallas, TX office who will assist in managing a portfolio of debt and equity investments secured by land for residential development spanning multiple major U.S. markets. These facilities fund the development of residential lots for delivery to private and public homebuilders on a contractual basis.
The associate will monitor business plan execution, provide portfolio insights and analysis on homebuilder, project, and sub-market performance, and prepare financial analysis and investor reporting to the client derived from the management of project-level pro formas and homebuilder performance data.
The role will also oversee the servicing and compliance of the facilities in accordance with each project and facilitys unique structure and related legal documents.
Principal Responsibilities:
Assess performance of the assets relative to original underwriting strategies or business plans, competitors, and market conditions
Preparing monthly or quarterly reporting and operating performance analysis of key metrics (Sales, Starts, Closings, Budget Spend, Gross Profit, IRR, etc) vs. Underwriting
Interacting with third-party lenders and consultants including attorneys, residential builders, title agents, and construction consultants
Review construction draw submissions
Review sale of collateral (takedowns) with third party buyers and title companies
Coordinating asset servicing and reporting responsibilities with internal departments to ensure proper tracking and timely and accurate reporting
Occasional site visits maybe required
Required Qualifications:
Bachelors Degree in finance, real estate, or a related field
2-5 years of relevant Asset Management experience
Ability to interpret complex legal documents
2-5 years of experience performing complex analysis in Microsoft Excel
An understanding of commercial real estate transactions and industry terms
Strong analytical skills
Must be a self-starter
The ability to multi-task and meet deadlines
Note: This job description is not intended to be an all-inclusive list of the responsibilities, skills or working conditions associated with the position. Management reserves the right to modify, add or remove duties and assign other duties as necessary.
Trimont is an equal opportunity employer, and we are proud to support and celebrate diversity in the workplace. If you have a disability and need an accommodation or assistance with the application process and/or using our website, please contact us.
Trimont is a drug-free workplace.
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