Career Opportunity: Associate in the Northwest

Posted by Steve Flynn on 2/2/17 8:55 AM


This position has been filled.
If you're interested in viewing our current open positions, click here.

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Our client is a seeking an Associate to join their team in Bellevue. Our client is a direct private lender that provides short term bridge loans secured by investment real estate. Their acquisition, construction and cash out loans to homebuilders, developers and investors of real estate are often funded upon short notice of less than 48 hours. They currently lend in Greater Seattle but plan to expand to other Pacific Northwest metro areas. 

The successful candidate will work directly with and learn from Portfolio Manager and Managing Member with over 20 years of financial services experience that includes investment banking, venture capital, funds of hedge funds, long / short equity hedge funds, growth equity investing and real estate. The successful candidate will quickly learn all aspects of running and managing a secured lending fund. Long term opportunities for the successful candidate include equity ownership and profit sharing.

If you are interested in applying for the position, you can apply to job #211 on our careers website.

Responsibilities

  • Keen attention to detail
  • Innate disposition to learn
  • Proclivity to challenge the status quo
  • Intellectual curiosity
  • Industriousness / Diligence / Strong work ethic / Ability to work long hours and weekends
  • Ambition
  • Ability to not only initiate but also rapidly and accurately complete tasks
  • Proficiency with Excel financial modeling
  • Experience from 2 or 3 year investment banking analyst program preferred
  • BA or BS with at least 3 years of experience in finance or real estate
  • Solid command of written English, especially grammar

Qualifications:

  • Underwrite, structure and close new hard money bridge loans ranging from $100,000 to $4 million secured by investment real estate ranging from single family homes to attached housing to multifamily rental units to commercial property
  • Identify, understand and mitigate risks associated with special situations
  • Service existing loans:  Analyze, inspect and approve of construction draw requests; record and deposit monthly interest payments; calculate and manage payoffs
  • Inspect residential construction in various phases
  • Build, refine and maintain portfolio reporting database that entails numerous graphs and tables
  • Speak and meet with prospective and existing borrowers
  • Author portfolio reports, new loan recommendations, construction draw reports and parts of private placement memorandum

Compensation:

  • Above market salary and substantial annual discretionary incentive bonus
  • Co-investment opportunities on preferred terms
  • Health insurance premium contribution

Preferred Degrees
Bachelor of Science,
Bachelor of Business Administration,
Master of Business Administration

Preferred Certifications
Not Applicable

Preferred Work Status
U.S. Citizen,
U.S. Permanent Resident (Green Card Holder)

Willingness to Travel
Yes

Carried Interest
No

Stock Options
No


This position has been filled.
If you're interested in viewing our current open positions, click here.

View Current Open Positions

Tags: Careers