2024-04-25
AppCast (https://www.appcast.io)
Other
/yr
full-time
employee
Boca Raton
Florida
33481
United States
About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $15 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $35 billion alternative investment management firm with more than 40 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors.
The depth and diversity of Kayne Anderson Real Estates development and operational expertise gives the Firm credibility in dealing with sellers, intermediaries, and operating partners. With more than 90 professionals, Kayne Anderson Real Estate has consistently demonstrated its ability to bring more to an opportunity than equity capital, enhancing a projects overall performance and quality by incorporating best practices and effective alternatives in the design, construction, documentation, financing, and operation of investments. This credibility and value-add, combined with a reputation for quick response, firm commitment, and timely execution, has solidified Kayne Anderson Real Estates favorable reputation and resulted in solid relationships with developers, owners, operators, financing sources, and other intermediaries.
Position Overview:
The VP/Director will be a key member of a small and growing team that runs a multi-billion dollar loan origination platform focused on seniors housing, student/multifamily housing, medical office, self storage, and specialty industrial assets.
Essential Job Functions (Duties/Responsibilities):
-Responsible for underwriting/originating commercial real estate loans secured by properties in target sectors across the capital structure including first mortgage loans, mezzanine loans, and preferred equity investments
-Participate in all stages of a prospective loan transaction, including due diligence, financial modeling/underwriting, transaction process, syndication, credit approval memo preparation and presentation, legal documentation and post-investment portfolio management:
Complete in-depth analysis of potential borrowers business models and identify key potential investment risks. Analyze historical financial trends and build projection models covering P&L, balance sheet and cash flow statements, as well as credit ratio analysis.
Perform in-depth market research to support underwriting assumptions.
Review of all third-party technical reports for underwriting.
Prepare investment memorandums and present recommendations and due diligence findings to the investment committee to evaluate credit and return risk.
Manage the loan transaction workflow process and procedures though out the loan life.
Extensive experience in modeling cash flows, pro forma projections, property level returns, and sensitivity analysis of real estate assets
Interact professionally with internal team members, legal and loan origination personnel and externally with borrowers, brokers, bank partners and third-party service providers.
Work alongside asset management team in the active management of the loan portfolio, which includes monitoring and reforecasting, future-funding and draw requests, and modifications.
Qualifications:
-Education:
Bachelor's degree; finance or related field preferred.
-Experience:
Minimum of 2 - 4+ years of commercial real estate underwriting experience
-Travel:
Up to 50%
-Location:
Boca Raton, Florida
-Knowledge/Skills/Abilities:
Highly developed analytical, research and written/oral presentation skills
Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
Ability to work productively under minimal supervision
Proficiency in Microsoft Office, especially in Excel and Word
Strong work ethic and pro-active team player able to work effectively in a fast-paced environment
Must be able to mentor and train junior staff
Competitive Medical, Dental, Vision
Flexible Spending Accounts
Competitive insurance, flexible spending programs and 401(k) benefits
Pet Healthcare Savings Program
Private Health - Healthcare Navigation
Reimbursement of professional society memberships and exam fees
Up to $5,000 matching annually for contributions to qualified non-for-profit organizations
Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire.
Kayne Anderson is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
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