Company Overview
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
Kkr Real Estate Credit And K-star Investment Services Overview
KKR Real Estate Credit was formed in January 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR’s brand, industry knowledge and relationships. KKR Real Estate Credit currently invests through six separately capitalized vehicles across our Direct Lending and Securities portfolios and consists of 50+ dedicated professionals based in New York, San Francisco, Los Angeles, Houston, Dallas and London.
K-Star Asset Management LLC ("K-Star") was formed in 2022 and is a wholly owned subsidiary of KKR. K-Star is a dedicated investment services platform that supports underwriting, asset management, loan origination, securities investing, risk management, and client experience for KKR Real Estate Credit as it continues to scale. The K-Star team includes industry specialists in special servicing, asset management, due diligence, and loan closing, among other functional areas. For additional information about K-Star, please visit K-Star’s website at www.ksam.com.
Position Overview
K-Star is seeking an experienced, versatile, intelligent, analytical, and proactive Asset Manager to join the Securities Asset Management team. The asset manager will be responsible for the review, analysis, and presentation of recommendations involving time sensitive borrower consent requests. Such requests include equity transfers, loan assumptions, leases/SNDAs, easements, additions to or partial releases of collateral, property management changes, reserve disbursements, budget reviews and other modifications, waivers and consents. The qualified candidate must be an exceptional communicator with a goal towards stellar process execution including underwriting, deal structure and presentation, and must thrive in a fast-paced environment. They must have the ability to build strong partnerships across KKR’s businesses, including the Firm’s real estate credit originations, legal, finance and asset management teams, and will be expected to participate in special assignments related to the growth of the platform. This candidate will also be expected to provide asset management support in the resolution of specially serviced loans, with direction from a Senior Asset Manager.
Roles And Responsibilities
- Work with internal and external Subject Matter Experts and service providers to ensure satisfaction of loan document terms and covenants
- Own and ensure completion of existing processes related to all aspects of asset management, including but not limited to servicing, reporting, legal, operational and valuation activities
- Make fact-supported resolution and transactional recommendations for performing and non-performing loans through comprehensive financial and loan document analysis and negotiation of deal terms with borrowers
- Analyze and share observations regarding asset/portfolio performance with portfolio analytics team members for evaluation against underwritten assumptions
- Participate in special projects as needed to implement and maximize new technologies and processes to support K-Star’s platform
Qualifications
- Bachelor’s degree, preferably in a Business, Finance, or Real Estate-related course of study, or equivalent experience in commercial real estate debt asset management, real estate investment banking, CMBS bond investing or real estate finance
- Seven to ten years of related work experience in asset management of loans secured by commercial real estate
- Special Servicing or workout experience preferred
- Fundamental knowledge of commercial real estate, fixed income, and general lending and financial concepts
- Superior analytical and financial modeling skills
- High proficiency with Microsoft Excel, Word, PowerPoint and Outlook; Argus a plus
- Excellent organizational, and communication skills, both verbal and written
- Exceptional attention to detail and thoroughness is a must
- Team Player with a collaborative mindset and strong relationship building skills, with the ability to work independently and in a way that reflects the company’s culture and core values
- Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner
- Willingness to travel as needed
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
