Firm Overview

Benefit Street Partners (BSP) is an alternative credit pioneer that seeks to deliver attractive returns through its relationships specialist expertise and global reach. We focus exclusively on credit building deep expertise across direct lending structured credit liquid credit special situations infrastructure debt and real estate.

BSPs real estate strategy focuses on originating and managing commercial mortgage loans across the United States and in all segments of the market. BSP is a flexible capital provider originating both floating-rate and fixed-rate loans across the capital structure including first mortgage loans mezzanine loans and preferred equity. BSPs real estate equity capabilities focus on multifamily triple-net lease assets and CMBS B-pieces. BSPs dedicated real estate team today consists of 70 professionals with origination underwriting and asset management capabilities that enable it to generate proprietary deal flow.

BSPs CRE investment team is located in New York NY.

Position Overview

BSP seeks to hire an Analyst with at least 2 years of relevant experience for the Asset Management group located in New York City. The position will report to the Head of Asset Management and work with a strong seasoned team of asset management loan origination underwriting and securitization professionals. Through on-the-job training the role will evolve as the candidate learns and is ready to take on additional responsibility.

Responsibilities

Responsibilities include but are not limited to:

Monitor and analyze the financial performance of the properties and portfolios including balance-sheet bridge loans CMBS loans and other credit investments

Provide support in the review of property budgets business plans & quarterly reforecasts

Develop a working knowledge of leases loan documents & other legal agreements

Help develop financial models including discounted cash flows IRR analysis NPV analysis etc. utilizing Microsoft Excel and Argus

Assist in preparation of monthly quarterly and annual investor reports and presentations

Assist in the administration of on-going loan proceeds disbursements to include construction draws leasing costs and release of loan reserves

Responsible for the aggregation accuracy and reporting of data to be used for reporting and decision making by credit committee.

Liaise with servicers and borrower to provide optimized client service.

Interface daily with members of origination legal finance securitization and underwriting teams.

Qualifications

The successful candidate will ideally possess:

2 years of full-time experience with a real estate background

Bachelors Degree in business finance economics real estate or related field

Understanding of real estate fundamentals commercial office leases financing principles and debt capital structures

Familiarity with loan due diligence to include property appraisals environmental reports engineering reports and insurance reviews

Loan servicing or construction loan administration experience a plus

Commercial real estate valuation underwriting and/or accounting experience a plus

Outstanding quantitative and analytical skills attention to detail ability to multi-task effectively

Highly proficient in Excel

Effective oral and written communication skills

Ability to work both independently and as a team member

Ability to work in a fast-paced demanding environment

Compensation Range

Along with base compensation other compensation is offered such as a discretionary bonus 401k plan health insurance and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location job-related knowledge skills and experience. At Franklin Templeton/Benefit Street Partners we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to range between $100000 - $120000 plus discretionary bonus.