At a Glance
- Tasks: Manage and monitor loan positions in real estate, ensuring data accuracy and compliance.
- Company: Join RBC, a leading bank with a focus on collaboration and innovation.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training.
- Other info: Dynamic team environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in asset management while working with top professionals.
- Qualifications: Degree in real estate finance or economics; experience in commercial real estate preferred.
The predicted salary is between 50000 - 60000 £ per year.
As an Asset Management Associate with Real Estate Capital Partners (“RECP”), you will work as part of a sub-team monitoring and managing loan positions from transaction closing through to loan maturity, supporting on-boarding, quarterly reporting cycles and coordinating with loan servicers, our borrowers and key internal stakeholder teams such as credit and risk management. You will maintain loan documentation and data systems, attend portfolio meetings, and assist senior management with the preparation of performance analysis and market insights. You will also support the team's use of the Oxane asset management platform and help ensure data accuracy across internal reporting functions.
What will you do?
- Actively monitor and manage European loan positions within RECP's loan book from transaction closing onwards, working alongside RBC’s Credit and Transaction Management (“CTM”) and Ratings and Monitoring (“R&M”) teams to ensure the timely completion of loan asset management tasks.
- Oversee the implementation and ongoing maintenance of CTM's and R&M's RECP European mandate, ensuring alignment with organizational objectives and regulatory requirements.
- On-board new loans to the RECP asset management platform upon transaction completion, including interfacing with loan servicers and origination teams to confirm payment instructions, communication preferences, and ensure proper documentation and tracking.
- Lead post-closing agreement on quarterly property reporting and compliance certificates, and oversee completion of all loan level condition subsequents alongside the relevant loan servicer.
- Establish draw tracker templates for future funding, manage the first post-closing funding for applicable loans, and ensure a timely handover of each loan to the CTM team.
- Supervise the CTM Team's review of quarterly borrower reporting packages and report on loan performance to RECP Europe's senior team via monthly loan portfolio meetings and ad hoc communications.
- Maintain the accuracy of asset management systems by updating the asset management tape, portfolio drawdown tracker, and deal database to reflect loan events, performance metrics, balance changes, and valuation updates.
- Organize and attend recurring and ad hoc asset management meetings including weekly RECP team meetings, weekly GRM calls, quarterly servicing firm meetings, and monthly portfolio review calls.
- Undertake key loan events such as future fundings, prepayments, valuations, and amendments, leading documentation and approval processes while liaising with RECP’s structuring team, external legal counsel, and other relevant third party consultants such as project monitors and draw monitors.
- Support platform utilization and RECP team education for the Oxane asset management platform, including overseeing quarterly reporting uploads, verifying data consistency, and training the RECP and internal risk management teams on platform features.
What do you need to succeed?
- Must-have: University degree (BA/MA etc.) in real estate finance, economics and/or an associated field.
- Solid experience in the commercial real estate sector – preferably in a similar loan portfolio management roles (either on the equity side, or on the debt side).
- Robust verbal and written presentation skills (including a high level of PowerPoint and Excel efficiency).
- Nice-to-have: Prior experience of development financing, including interfacing with project monitors and draw monitors.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- A world-class training program in financial services.
Associate (Asset Management), Real Estate Capital Partners in London employer: Royal Bank of Canada
At RBC Wealth Management Europe, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in London and the South East. Our commitment to employee growth is evident through our comprehensive Total Rewards Program, which includes competitive compensation, bonuses, and flexible benefits, alongside opportunities for professional development and coaching from experienced leaders. Join us to make a meaningful impact while working with a talented team dedicated to delivering tailored financial solutions to our clients.
StudySmarter Expert Advice🤫
We think this is how you could land Associate (Asset Management), Real Estate Capital Partners in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Don’t shy away from reaching out directly to firms like Royal Bank of Canada. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate (Asset Management), Real Estate Capital Partners in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Royal Bank of Canada.
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Research and Reflect:Before hitting that 'apply' button on Royal Bank of Canada's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Royal Bank of Canada
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Royal Bank of Canada.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Royal Bank of Canada employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
