Director, Asset Management
Thorofare Capital, Miami, FL, United States
Location
Miami, FL - Onsite 5 days per week
Job Type Full Time
Years of Experience 5‑7+ years real estate debt or equity asset management experience
Education Bachelor’s degree in Finance, Accounting, Economics or related field with a history of excellent academic performance.
Travel Periodic travel to properties as needed to inspect assets.
About the Role Thorofare Capital seeks to hire a Director of Asset Management for its commercial real estate credit investment platform at the firm’s Miami, FL office. The Director of Asset Management will play a central role in managing and overseeing loan assets originated by the firm’s Origination Team. This position is responsible for driving portfolio performance and ensuring disciplined execution across assets. The role requires a motivated and well‑rounded individual who can operate effectively within a fast‑paced, team‑oriented environment and includes regular interaction with and oversight of a third‑party primary loan servicer.
Responsibilities
Work with the Asset Management Team to proactively manage, provide surveillance reporting, track progress and service a $1.4 billion UPB portfolio of commercial real estate loans.
Obtain and review periodic financial statements, rent rolls and other reports from borrowers and property managers.
Monitor and track property specific loan covenants such as impound draws and disbursements, mandatory pay‑downs, collateral requirements and credit analysis.
Prepare disbursement packages for ground‑up construction, renovation and tenant improvement draws for approval by the Managing Director of Asset Management.
Obtain and review inspection reports from construction project monitoring firms.
Analyze proposed leases for compliance with minimum leasing criteria including analysis of the tenant’s financial condition and business plan.
Prepare variance analysis at the property level.
Prepare periodic (quarterly/annual) asset review reports.
Model full life‑cycle financial analysis for each asset from acquisition through disposition.
Manage and coordinate post‑funding activities and the onboarding of each loan.
Monitor portfolio performance, including tracking property performance to business plan, compliance with loan documents, collateral exceptions, etc.
Monitor and ensure property tax and insurance requirement compliance.
Periodic travel to properties on an as needed basis to inspect assets.
Stay informed of financial and market trends that could affect the portfolio.
Qualifications
Bachelor’s degree in accounting, finance, economics, or related field with a history of excellent academic performance.
5‑7+ years of real estate debt or equity asset management experience.
Experience with and knowledge of commercial real estate investments, compliance, and analytics.
Excellent attention to detail and the ability to prepare and present accurate and timely reports to management.
Ability to think quickly, work effectively and manage multiple projects in a fast‑paced environment.
Strong negotiation, writing, editing and correspondence skills; ability to write clearly, concisely and achieve the right tone with clients, prospective clients and business partners.
Strong oral communication skills, both in‑person and on the phone.
Strong organizational skills and extreme detail orientation; able to track and manage complex processes with numerous stakeholders.
Team‑oriented, self‑starter, capable of managing own time effectively and handling a breadth of responsibilities while maintaining accuracy.
Proficiency with MS Office.
Workout experience is a plus.
Equal Opportunity Statement Employment at Thorofare Capital, Inc., its subsidiaries, or strategic business partners is at will. Thorofare Capital, Inc. is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religion, color, sex, gender identity, sexual orientation, national origin, ancestry, citizenship status, uniform service member status, marital status, pregnancy, age, protected medical condition, disability or any other protected status in accordance with all applicable federal, state and local laws.
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Job Type Full Time
Years of Experience 5‑7+ years real estate debt or equity asset management experience
Education Bachelor’s degree in Finance, Accounting, Economics or related field with a history of excellent academic performance.
Travel Periodic travel to properties as needed to inspect assets.
About the Role Thorofare Capital seeks to hire a Director of Asset Management for its commercial real estate credit investment platform at the firm’s Miami, FL office. The Director of Asset Management will play a central role in managing and overseeing loan assets originated by the firm’s Origination Team. This position is responsible for driving portfolio performance and ensuring disciplined execution across assets. The role requires a motivated and well‑rounded individual who can operate effectively within a fast‑paced, team‑oriented environment and includes regular interaction with and oversight of a third‑party primary loan servicer.
Responsibilities
Work with the Asset Management Team to proactively manage, provide surveillance reporting, track progress and service a $1.4 billion UPB portfolio of commercial real estate loans.
Obtain and review periodic financial statements, rent rolls and other reports from borrowers and property managers.
Monitor and track property specific loan covenants such as impound draws and disbursements, mandatory pay‑downs, collateral requirements and credit analysis.
Prepare disbursement packages for ground‑up construction, renovation and tenant improvement draws for approval by the Managing Director of Asset Management.
Obtain and review inspection reports from construction project monitoring firms.
Analyze proposed leases for compliance with minimum leasing criteria including analysis of the tenant’s financial condition and business plan.
Prepare variance analysis at the property level.
Prepare periodic (quarterly/annual) asset review reports.
Model full life‑cycle financial analysis for each asset from acquisition through disposition.
Manage and coordinate post‑funding activities and the onboarding of each loan.
Monitor portfolio performance, including tracking property performance to business plan, compliance with loan documents, collateral exceptions, etc.
Monitor and ensure property tax and insurance requirement compliance.
Periodic travel to properties on an as needed basis to inspect assets.
Stay informed of financial and market trends that could affect the portfolio.
Qualifications
Bachelor’s degree in accounting, finance, economics, or related field with a history of excellent academic performance.
5‑7+ years of real estate debt or equity asset management experience.
Experience with and knowledge of commercial real estate investments, compliance, and analytics.
Excellent attention to detail and the ability to prepare and present accurate and timely reports to management.
Ability to think quickly, work effectively and manage multiple projects in a fast‑paced environment.
Strong negotiation, writing, editing and correspondence skills; ability to write clearly, concisely and achieve the right tone with clients, prospective clients and business partners.
Strong oral communication skills, both in‑person and on the phone.
Strong organizational skills and extreme detail orientation; able to track and manage complex processes with numerous stakeholders.
Team‑oriented, self‑starter, capable of managing own time effectively and handling a breadth of responsibilities while maintaining accuracy.
Proficiency with MS Office.
Workout experience is a plus.
Equal Opportunity Statement Employment at Thorofare Capital, Inc., its subsidiaries, or strategic business partners is at will. Thorofare Capital, Inc. is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religion, color, sex, gender identity, sexual orientation, national origin, ancestry, citizenship status, uniform service member status, marital status, pregnancy, age, protected medical condition, disability or any other protected status in accordance with all applicable federal, state and local laws.
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