Senior Associate / Vice President, Investments (Real Estate Credit)

Posted:
12/20/2024, 2:40:11 PM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Location

Brookfield Place New York - 250 Vesey Street, 15th Floor

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.


Job Description

Brookfield Credit manages approximately $305 billion of assets globally, focused on a broad range of private credit investment strategies, including infrastructure and renewable credit, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial credit history with strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, we deliver flexible, specialized capital solutions to borrowers, and attractive risk-adjusted returns to our investors.

Brookfield has a dynamic and strong ‘promote from within’ culture. We seek team members who have a long-term focus and whose values align with the Attributes of a Brookfield Leader, which are Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through interesting work assignments and exposure to a diverse set of businesses.

Position Summary:

The individual will work in Brookfield’s real estate credit investment platform, Brookfield Real Estate Credit (“BREC”), and will be responsible for supporting the investments team in the origination, underwriting, syndication, and execution of real estate debt investment opportunities across property types and investment vehicles.

  • Develop optimization strategies for loan and business capital structures understand the key risks underlying asset performance

  • Evaluate and analyze potential new investments

  • Create and oversee detailed and complex financial underwriting models for the financing of real estate investments

  • Source, negotiate, structure, execute, and monitor financing facilities for various investment vehicles

  • Maintain and expand senior mortgage syndication relationships

  • Oversee day-to-day operations for strategic co-lending relationships and bank loan portfolios – act as liaison between various constituents including asset management, external servicing, and internal oversight committees

  • Help oversee existing portfolio of SASB CMBS across multiple vehicles

  • Understand physical characteristics of properties, and the related competitive advantages and disadvantages

  • Critically evaluate existing and potential operating characteristics of a project

  • Identify a project’s demand drivers, gather market information through independent fieldwork and direct contact with brokers, appraisers and developers. Synthesize information and draw a conclusion on future market rent, absorption, vacancy and liquidity in the investment market

  • Communicate conclusions into a comprehensive narrative to be presented to senior management for consideration and approval. Participate in underwriting and Investment Committee discussions

  • Participate in and provide support for the ongoing asset management of each investment

 

 

Qualifications & Requirements:

The individual will directly interact with colleagues throughout the organization and therefore should have strong quantitative and analytical skills, be detail-oriented, articulate, and well-organized. The candidate must display initiative, good judgment in managing multiple tasks and strong problem-solving skills. The ability to think strategically and to present information in a clear and concise manner is critical. Other qualifications include:

 

  • 5-8 years of relevant work experience. Previous experience in real estate (investment banking, private equity, development, institutional sales, etc.) strongly preferred

  • Excellent financial modeling skills including a high degree of proficiency with Excel; Argus experience is a plus

  • Understanding of market landscape, including pricing, participants, and basics of bond math; experience in Bloomberg and SASB CMBS is a plus

  • Self-motivated and driven; ability to work effectively in a fast-moving, demanding and dynamic environment

  • Intellectually curious

  • Superior quantitative and analytical skills

  • Creativity and problem-solving skills

  • Excellent oral and written communication skills

  • Strong interpersonal skills

  • Keen attention to detail

  • Impeccable integrity and trustworthiness

  • Bachelor’s degree in quantitative fields such as finance, accounting, mathematics, economics, etc. from a top university

 

This position would be suitable for those candidates who meet the role qualifications and who thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results.

 

Salary Range: $215,000 - 270,000

 

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.