Cre Portfolio Manager - Vice President

Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management ("WM"), and Asset Management. The WM network includes almost 16,000 Financial Advisors and Private Wealth Advisors - one of the world's largest networks of Financial Advisors ("FAs"). MS has expanded its suite of world-class banking and lending products exclusively for FAs and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisory, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley has enhanced its lending, mortgage, cash management and deposit capabilities. By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethics. Morgan Stanley can provide a superior foundation for building a professional career, a place for people to learn, achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs in an important part of our culture.
The Tailored Lending ("TL") Group within Morgan Stanley Wealth Management is seeking a CRE Portfolio Manager to help grow and manage our Ultra High New Worth ("UHNW") Commercial Real Estate ("CRE") lending portfolio serving UHNW clients (generally clients with a minimum net worth of at least $50 million).
The CRE Portfolio Manager will assist the Senior Asset Manager in leading a team of asset managers in maintaining a quality loan portfolio, collaborate with Senior Lending Transactors ("SLTs") and Lending Transactors ("LTs") on client management, and partner with credit risk management on portfolio risk control and reporting.
The position will be based in the New York area and will support the team and portfolio throughout the US.
Position Summary
• Experienced credit professional, reporting to the Senior Asset Manager, and supporting the broader asset management team in the oversight of a complex and highly structured loan portfolio.
• Responsibilities include supporting the asset management team in the following:
a) Manage modifications, renewals, and annual reviews of existing credit facilities.
b) Spread guarantor and borrower financial statements, test and monitor financial covenants, perform collateral analysis, prepare market assessments, and conduct loan document review.
c) Prepare clear and concise credit memoranda for minor/major amendments, annual and interim reviews, which are to, include facility structure outline, financial analysis, collateral assessment, risk and mitigant identification, and recommendations for credit review and approval.
d) Ensure portfolio data integrity within internal systems.
e) Ensure accurate and timely update of loan portfolio metrics, risk ratings, and reports.
f) Participate in ad hoc projects to improve quality and effectiveness of reporting, tracking and overall portfolio management.
g) Develop and implement remedial action plans when necessary
Qualifications:
Required Experience:
• Bachelor's Degree required
• Minimum 7+ years of experience in commercial real estate credit analysis and asset management.
• Formal credit training preferred
Skills/Abilities:
• Possess excellent oral and written communication skills and presentation skill
• Detail orientated with exceptional analytical and interpersonal skill
• Solid understanding of risk management principles as it relates to CRE mortgage lending
• Significant accounting and finance knowledge
• Knowledge of legal terminology and familiarity with loan document review
• Ability to multi-task, meet deadlines and manage client expectation
• Focus and possess strong work ethic
• Possess an aptitude to collaborate effectively with related parties across the firm in a team-oriented environment
Expected base pay rates for the role will be between $120,000 and $180,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
• Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).