Job description
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. With offices in over 20 cities across 16 countries and 4 continents, KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group.
As a firm we manage investments across multiple asset classes and as individuals we are encouraged to think creatively to solve problems, explore opportunities, take on new responsibilities and challenges, put our clients first and contribute to our communities. We often measure success over years, not quarters. We value integrity in all that we do, whether it’s presenting numbers accurately or being open and honest with a portfolio company executive. People want to do business with those they like and trust. It’s a mantra instilled in all of us from the top down.
At KKR, we believe that diverse teams increase performance and produce better results. Teams consisting of employees with varied backgrounds and perspectives will help strengthen our Firm and our investment decisions. Therefore, in an effort to enhance the diversity of our organization, we are particularly focused on recruiting talent that will bring different experiences, capabilities, skills and viewpoints to our organization.
REAL ESTATE CREDIT OVERVIEW
KKR Real Estate Credit was formed in January 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR’s brand, industry knowledge and relationships. KKR Real Estate Credit currently invests through six separately capitalized vehicles across our Direct Lending and Securities portfolios and consists of 50+ dedicated professionals based in New York, San Francisco, Houston and Dallas.
KKR has developed a dedicated services platform, K-Star Asset Management LLC (“K-Star”), to support asset management, loan origination, securities investing, risk management and client experience for its real estate credit franchise as it continues to scale. The K-Star team will include industry specialists to oversee special servicing, stabilized loan asset management, transitional loan asset management, and investment oversight across KKR’s real estate credit portfolio.
POSITION OVERVIEW
K-Star is seeking intelligent, analytical, and proactive asset managers to join the Securities Asset Management team. The asset manager will be responsible for assisting team members with the oversight, reporting, and active management within the new and growing asset management / servicing business. The qualified candidate should be able to monitor the investments' performance for credit and compliance and will be expected to participate in special assignments related to the growth of the platform. This candidate must be an exceptional communicator with a goal towards stellar process execution, and must have the ability to build strong partnerships across the various KKR businesses, including the Firm’s real estate credit originations, legal, finance and asset management teams.
ROLES AND RESPONSIBILITIES
- Work with internal and external Subject Matter Experts and service providers to ensure satisfaction of loan document terms and covenants
- Own and ensure completion of existing processes related to all aspects of asset management, including but not limited to servicing, reporting, legal, operational and valuation activities
- Evaluate and make fact-supported resolution and transactional recommendations for performing and non-performing loans
- Work closely with investment team to provide intelligence, analysis and guidance in connection with potential new investments
- Oversee portfolio performance for potential adverse credit issues, while keeping up with national, regional and local market dynamics and tenant credit risks and concentrations, and work with appropriate parties to resolve issues
- Analyze, prepare, and report findings and updates on asset/portfolio performance against underwritten assumptions to management and investors
- Implement and/or enhance established work-streams with the objective of ensuring optimal portfolio results
- Participate in special projects as needed to implement and maximize new technologies to support K-Star’s platform
QUALIFICATIONS
- Bachelor’s degree, preferably in a Business, Finance, or Real Estate-related course of study, or equivalent experience, or equivalent experience in commercial real estate debt asset management, real estate investment banking, CMBS bond investing or real estate finance
- Special Servicing or workout experience preferred
- Fundamental knowledge of commercial real estate, fixed income, and general lending and financial concepts
- Superior analytical and financial modeling skills
- High proficiency with Microsoft Excel, Word, PowerPoint and Outlook; Argus a plus
- Excellent organizational, and communication skills, both verbal and written
- Exceptional attention to detail and thoroughness is a must
- Team Player with collaborative and strong relationship building skills, and with the ability to work independently and in a way that reflects the company’s culture and core values
- Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner
- Willingness to travel as needed
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
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