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Asset Manager

Remote

About Ascent

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

The Role

Ascent Developer Solutions is seeking an experienced, hands-on Asset Manager to directly execute financial analysis and perform loan covenant testing across a portfolio of income-producing, bridge, and construction loans. Covenant compliance is core to the role, but the Asset Manager also helps design new processes, weighs in on new product rollouts, and takes on ad hoc reporting for Credit and senior leadership. 

This is a highly cross-functional role that works closely with Credit, Legal, Servicing, Lending, Finance, Sales and Special Assets, requires strong multitasking across a high volume of loans and deadlines, and includes mentoring analysts and interns. 

The Work 

Covenant Compliance & loan Monitoring 

  • Analyze and interpret complex loan agreements across diverse product types to architect comprehensive post-closing compliance and monitoring frameworks 
  • Own the recurring review cadence for financial covenants on income-producing and bridge loans, including but not limited to, debt yield, DSCR, net worth, and liquidity tests 
  • Determine the correct testing requirements and DSCR methodology by loan and asset type 
  • Track deal-specific loan covenants and conditions, including construction milestones, draw conditions, and lease-up requirements 
  • Maintain the covenant tracking system, escalate breaches or trending non-compliance, and coordinate with Legal and Credit on waivers or amendments 
  • Lead covenant outreach to relationship managers and borrowers, and coordinate with third-party vendors supporting covenant tracking and portfolio monitoring 

Process Improvement, New Products & AI 

  • Identify process gaps and design new workflows and tools that improve the efficiency and accuracy of the asset management function 
  • Use AI tools to speed up tasks like spreading financials and rent rolls, always verifying outputs before relying on them 
  • Participate in and provide feedback on new loan product rollouts from post-closing perspective, helping define how each product is tracked and managed post-closing 

Reporting & Analysis 

  • Respond to ad hoc reporting and analysis requests from Credit and senior leadership 
  • Build and maintain financial models and covenant calculators to evaluate loan-level performance 
  • Prepare covenant compliance summaries, investor updates, and executive reporting 

Team Leadership & Risk Management 

  • Train, coach, and review the work of analysts and interns, building reference materials that speed up onboarding 
  • Assess credit risk, flag covenant-driven early warning signals, and maintain internal risk ratings 
  • Quarterly/Bi-monthly expectation: Requires at least one week of in-person collaboration at HQ every two months. 

Your Skills and Experience

  • Bachelor's degree in Finance, Real Estate, Accounting, or a related field 
  • 3-6+ years of experience in commercial real estate finance, construction lending, asset management, or credit 
  • Strong knowledge of financial statement analysis, DSCR, debt yield and other common loan covenant metrics 
  • Proven ability to multitask across a high volume of loans and deadlines without sacrificing accuracy 
  • Experience training or mentoring junior team members 
  • Advanced Excel skills; Power BI experience a plus 
  • Comfort using AI tools to improve efficiency, applied with sound judgment 
  • Strong written and verbal communication skills 

The Pay

Salary range is $100,000 - $125,000 per year with a discretionary bonus of 15% per year

The Work Environment

  • This role works remote 

 

Our Benefits

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.

Our Pledge

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.

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