Associate, US Debt Investments

Founded in 2000, Timbercreek is one of Canada’s leading alternative asset class investment managers, focused on providing structured financing solutions to experienced real estate owners and investors across selectively identified urban centres primarily in Canada, Ireland and the United States. Through active and direct investment, we employ a thematic approach to deliver compelling risk-adjusted returns for our investors and partners, leveraging the diversified expertise and relationships of our highly experienced team to invest capital across a wide range of asset classes. Timbercreek’s team of 50 investment professionals have extensive domain expertise in these markets and combine an entrepreneurial growth focus with institutional risk management. Since 2000, the Timbercreek team has actively sourced, underwritten, funded and managed real estate debt or equity transactions that deployed over $30 billion of capital, financed by public and private Timbercreek investment vehicles, as well as many institutional partners.

About the Position

Timbercreek is seeking an Associate, US Debt Investments to be part of its Global Credit and Underwriting team, who will thrive in a fast-paced, entrepreneurial environment. The ideal candidate is an experienced, results-oriented real estate and finance professional, a problem solver and creative thinker, self-starter, and most importantly, a team player excited to grow with the company. This role will support the US open-ended debt fund that is focused on bridge/value-add loan opportunities across the United States.

Key Responsibilities

Underwriting

• Review and qualify new loan and investment applications on all commercial real estate asset classes including, but not limited to, multi-family, industrial, self-storage, hospitality, retail and office assets.
• Perform detailed underwriting including analyzing and interpreting property specific financial statements and leases to complete a preliminary valuation of the property.
• Compile market information to support all assumptions for the investment.
• Correspond with the borrower, mortgage & real estate brokers, and other industry professionals to validate and further substantiate the investment assumptions and gain better understanding of particular markets and asset classes.
• Conduct in-depth due diligence on the credit worthiness of sponsors/clients and other financial data relevant to transactions.
• Identify risks and mitigants and provide feedback to the Global Credit team based on preliminary underwriting and market findings.
• Provide potential investment partners with underwriting and transaction materials to support syndication activities.

Preparation, Due Diligence and Closing

• Under the guidance of the VP, complete investment summaries for submission to Investment Committee for submission and approval.
• Where required and in conjunction with the Origination team, perform site inspections and meet with borrowers, property managers, appraisers, and other related stakeholders.
• Ensure all required due diligence material is obtained and reviewed, and is consistent with preliminary underwriting, deal structure, and Investment Committee approval.
• Together with the Originator, the Associate will be a point person in the due diligence process (both internal and external) and assist both the Origination and Funding teams throughout the closing process.

Portfolio and Asset Management

• Support the Investment team by providing proactive asset management of funded/closed investments (i.e. renewals, restructure, annual reviews).
• Gathering necessary information from the borrower or the market for the purposes of re-underwriting the investment in the case of a re-structure, renewal, or annual review.
• Perform active financial updates and reporting including updating financial models, client budgets and maintaining up to date documentation and information management.
• Assist the Funding and Servicing team with post-closing follow ups, as required.

Job Requirements

Education and Experience

• Minimum of 4 years of experience in one of the following environments: Commercial Real Estate or Structured Finance, CRE Debt Brokerage, Private Equity, Private Debt, Investment Banking, Fund Management or a major financial institution.
• This role is intended for experienced Associates who can independently underwrite transactions and act as a core credit partner to Originations.
• Strong ability to perform financial modeling and run valuation analysis of as part of the underwriting process.
• Direct transactional experience preferred.
• Background in the due diligence review of pertinent loan documents (i.e. loan documents, intercreditor agreements), leases and operating agreements/joint venture agreements.
• Working knowledge of commercial real estate software (i.e. CoStar and Argus) is considered an asset.
• An undergraduate degree in Finance, Economics, Business/Commerce, a Real Estate program, or a related discipline.
• Completion of, or enrollment in, a professional designation (e.g. CAIA, CFA, CPA) is considered an asset.

Qualifications

• Strong analytical, strategic-thinking, problem-solving, and decision-making skills.
• Inquisitive and curious to understand the full transaction cycle and related participants.
• Superior attention to detail and accuracy.
• Excellent communication (both written and verbal) skills and the poise and professionalism to represent Timbercreek in front of both internal and external parties.
• Willingness to travel for property inspections.
• Strong organizational and time management skills and the ability to work under pressure on multiple transactions concurrently.
• Professional and positive with a “can-do” deal and team focused attitude.
• Ability to work independently prioritizing and establishing deadlines for own work, and when work is delegated, for the work of others.
• Ability to work in a fast-paced environment and deliver with tight deadlines.
• Advanced computer skills (Excel, Power Point, Word, Argus).
• Willingness to learn, take on new challenges and grow in the role.

Career Development

• Exposure to the full transaction lifecycle: Initial deal review → Underwriting and Due Diligence → Investment Approval → Closing → Portfolio and Asset management.
• Direct interaction with senior investment professionals.

Timbercreek Capital is an inclusive and equal opportunity employer. If you require a disability–related accommodation to participate in the recruitment process, please let us know. We will accommodate your needs as required under applicable legislation. Information related to accommodation requirements will be addressed confidentially. While we appreciate all applications, only those candidates selected for an interview will be contacted. All selected candidates will be asked to complete pre-employment criminal and background checks. Any offer of employment is conditional upon satisfactory results of all applicable checks. We thank all applicants for their submissions.