CMBS Analyst

Bellwether Asset Management, Inc. (“BWAM”) is a privately held firm located in Los Angeles, CA, specializing in the management, analysis and reporting of over $21 billion of AUM across a wide range of real-estate related assets and corporate platforms in the United States, Europe and Asia.

About the Job

We are looking for an Analyst to join the rapidly growing Debt Team at Bellwether, with a focus on commercial real estate related structured products (CMBS, CRE CLO, etc). The ideal candidate is a savvy problem solver who thrives in a fast-paced, challenging environment and consistently exceeds expectations. We are seeking an agile team player who enjoys working cross-functionally with different parts of the organization.

An ideal candidate will have experience with fixed income products, commercial RE asset management and special servicer oversight. Successful candidates for this position will have had at least two to five years of relevant professional experience.

Responsibilities

• Assist in the proactive monitoring and management of a portfolio of CMBS and CRE CLO investments across various investment strategies
• Monitor and analyze performance at the collateral and bond level. This includes surveillance of credit events via remittance data, bond rating actions, and news publications
• Coordinate re-underwritings and reforecast bond investment cashflows. Assess merits of hold vs. sell decisions
• Liaise with special servicers, master servicers and trustees to ensure appropriate actions are taken on behalf of Bellwether’s clients
• Manage a variety of data sources to enhance efficiency of underwriting and surveillance. Data sources include: Intex, CoStar, and Axiometrics
• Participate in the underwriting process by evaluating investment strengths and weaknesses through the development of financial metrics, models and sensitivities
• Prepare a comprehensive investment submission and communicate conclusions and investment risk in a narrative presentation to Senior Management
• Assist with ad hoc requests

Qualifications

• Fixed income experience, including portfolio management of CMBS positions, familiarity with fixed income analysis tools, and price/yield analytics
• Familiarity with relational data structure across the deal, loan, property, and tenant levels
• A bachelor’s degree
• Proficiency in Microsoft Excel, PowerPoint and Intex
• Experience with property underwriting and advanced financial modeling
• Strong written and verbal communication skills
• Attention to detail with superior organizational skills
• Proven ability to multitask and quickly understand new concepts
• Desire to work as a part of a small, highly entrepreneurial team

Base Salary: $90,000 - $100,000 

BWAM is comprised of diverse, forward-thinking individuals who recognize the value of holding each other to the highest standards. Our people are our most valuable asset. We believe in investing in their development, providing ample opportunities to grow skills, connecting with industry leaders and stretching beyond the day-to-day work environment. BWAM has been built on the founding principles of persistence, team, innovation, diligence, community and integrity.

The BWAM portfolio includes direct property investments, corporate investments, residential land, and residential and commercial loan pools. Since its founding in 2013, BWAM has continued to expand its services to a variety of investment firms, family offices and start-ups.

BWAM’s platform helps provide greater efficiency and functionality through the following areas:

• Asset-level analytics: Providing quantitative and qualitative investment- and portfolio-level performance reports by consolidating and analyzing monthly operating statements produced by operating partners to track and monitor performance against initial underwriting;
• Active Asset Management Support: The team works closely with Acquisition Teams to help monitor all strategic and joint-venture operating partners on a day-to-day basis. Responsibilities include weekly leasing calls, monthly operational reviews, annual budget and business plan reviews and financial analysis;
• Investment and Fund-level Reforecasting: BWAM is responsible for creating proprietary investment-level valuation models for the portfolio to enhance our ability to reforecast investment-and fund-level performance on a routine basis.

BWAM and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other classification prohibited by applicable law.

For additional information on BWAM, please visit www.BellwetherAM.com