Loan Asset Manager, Real Estate Debt

At AXA IM our purpose, to act for human progress by investing for what matters, is central to every action we take as a business. As a responsible asset manager, we actively invest for the long-term to help our clients, our people and the world to prosper.

As a future Loan Asset Manager, you will report to the Head of FMCG Private Debt, and you will be part of AXA IM Alts - Real Estate.

AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with approximately €830bn in assets under management as of the end of September 2020. The team is a market leader in Commercial Real Estate debt with more than $24bn AuMs in Europe and US and a 15 years track record. We are looking for a dynamic, rigorous, motivated team-player to be part of our expanding fund management and controlling team.

The role will focus on the Loan Asset Management of loans in Europe across different real estate asset classes, geographies and risk profile (core to value add / development financings). The candidate will follow the loans from closing through its entire life including restructuring, refinancing, extensions etc. You will be part of a team of more than 10 professionals interacting with the Fund Management team and other internal teams (client relationships and risk teams) and third parties (banks, borrowers, facility agents, legal advisors etc).

The successful candidate will be required to adapt as the FMCG function evolves and to assist in the role-out of an ongoing systems/controls/processes upgrade in line with the growth of the platform.

Your Role And Responsibilities Will Include:

• Loan Asset Management: You will monitor the performance and the evolution of the Commercial Real Estate Debt investments from origination until their repayment. The main tasks include: following up interest payments, utilisation requests and repayments, handling consents, modifications, and waivers from our borrowers in coordination with the Fund management team, review of the loans’ performance through tracking of key financial covenants (LTV, LTC, DSCR, Debt Yield), review of asset valuations, update of cash flows and tenancy schedules and monitoring of operational aspects of the assets being financed (such as capex programmes, ESG metrics).
• Deal Execution And Asset Management: Provide deal support, including financial analysis and execution of deal cashflows, create tailored cash-flows/valuation models to simulate various scenarios; Monitor cash and manage cash distribution process; Review capital call and distribution notices and cash allocation schedules; Review property level reporting, budget, tenancy schedules, etc. from property managers and asset managers; Liaise with deal team to ensure agreement of funding/distributions; Closings: guidelines check, validation of deal allocation, KYC preparation, ensuring payments/investments properly processed and received; IPD Calculation, Covenant & Waiver analysis; Review loan documentation including but not limited to drawdown, amortization, repayments and fees.
• Portfolio Management: Contribute to the valuation process, calculation of gross to net adjustments and preparation of valuation committee and Loan Reviews materials Support investment decision process by maintaining fund models, proving scenario/sensitivity analysis, key property and financial metrics and CRE Debt KPIs Support investment decision process with qualitative and quantitative fund data Investor/Client reporting and ad hoc reports upon request Manage and keep the IT tools (incl. the new Asset Management tool) updated as to properly reflect portfolio composition but also proper reconciliation with service providers, liaise with a wide range of internal stakeholders and external service providers to ensure the quality and timely flow of financial data.

Your Qualifications And Experience:

• Business schools, engineering schools or universities.
• Previous experience in a financial institution will be appreciated (banks’ loan portfolio management teams, asset management company or loan service providers).
• Proven financial, analytical and organizational skills.
• English (high proficiency required).

Your Knowledge And Skills:

• Appetite for/knowledge of Loan documentation.
• Appetite for/knowledge of the Real Estate Debt sector.
• Team player, multi-tasking, rigorousness, desire and flexibility to learn and grow in a fast-paced environment and capacity for synthesizing and prioritizing.
• Advanced skills in Excel/VBA. Knowledge of Simcorp Dimension and or Real Insight is a plus but not a must have.

We are committed to offer you an environment where you can:

• Grow your potential: Be part of a forward-thinking business with internal opportunities and personalized learning paths available to help constantly develop your skills and abilities.
• Shape the way you work: Work for a company which is highly committed to providing flexibility & balance to its employees, offering you a large range of benefits (hybrid working, competitive health benefits, among many others).
• Thrive within a diverse community: Play a role within a responsible company that actively recognizes and values individual differences in a diverse and inclusive workforce.
• Move the world forward: Join a responsible employer that acts in favor of societal and environmental causes as an investor, insurer and company, notably through the AXA Heart in Action association.

AXA IM is an Equal Opportunity Employer, and we encourage candidates with disabilities or any other protected characteristic to apply. We are committed to providing reasonable accommodation to qualified applicants and employees with disabilities, when needed, to apply for a position or to perform essential job functions.