Analyst – Private Loan Operations

Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. Brio supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio.

Today, BREDS has more than $76 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector.

Brio Real Estate is a Blackstone Real Estate portfolio company focused on real estate credit. Brio supports Blackstone’s Real Estate Debt Strategies (“BREDS”) investments across the globe. The company provides support across key functions, including corporate, transaction, and management services. The critical infrastructure and capabilities Brio provides for BREDS allows for effective support in the management of its global portfolio.

Today, BREDS has more than $76 billion of investor capital across high yield / opportunistic real estate credit funds, a publicly traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate, the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector.

Role Purpose:

The Analyst of Servicing and Onboarding will help facilitate the day-to-day operations for a diverse and expanding portfolio of complex debt investments secured by commercial real estate and leveraged through a variety of financing structures.  This client-facing role requires great attention to detail and a constant sense of urgency. Additionally, a proactive approach in managing tasks such as new asset and liability onboarding, facilitation of draw funding, review and final approval of remittance waterfalls, and preparation of monthly portfolio analytics is expected for this position.

What you will do:

• Review asset collection information from Servicers for accuracy and alignment with system accrual; following up on missing payments and confirming reasonableness for any accrual breaks.

• Compare repurchase obligation, asset-specific financing, and subscription lending invoices to system of record and resolve any discrepancies with accrual prior to release of payment.

• Approve and book monthly and quarterly Servicer remittance information into system.

• Obtain and review Payoff information prior to repayments. Ensure timely repayment to the liability counterparty and receipt of net remittance, record final satisfaction activity within the system, and accelerate fee activity.

• Obtain approvals and prepare wire memos for Borrower draws, counterparty expenses, and intercompany funds movement.

• Reconcile daily cash activity to activity recorded into system.

• Attend new loan pre-close meetings, fully onboard new asset and liability positions into the system and organize legal documentation on the drive.  

• Review complex loan modification and maturity extension documentation and record new terms into system and organize legal documentation on the drive.

• Review and record fee activity into the fee calculator for both assets and liabilities determining appropriate accounting treatment of fee at time of entry.

• Prepare and enter Level-Yield recuts on fees into the system.

• Interact directly with Servicers, Asset Managers, and Back Leverage Counterparties.

• Submit entity onboarding request for counterparty party wiring instruction set-up.

• Support facilitation of KYC requests from Servicers and Back Leverage Counterparties.

• Review and prepare commentary for month over month and quarter over quarter asset and liability performance analytics.

• Assist in QE confirmation process of verifying loan balances and accrual with Servicers and Back Leverage Counterparties.

• Participate in bi-weekly team calls and weekly investment vehicle meetings.

What you should have:

• Bachelor’s degree in Finance, Accounting, Real Estate or related discipline required.

• 1-3 years of experience in Loan Servicing, Banking, or Commercial Real Estate
• High standards and the ability to meet time-sensitive deadlines

• A proactive, accountable approach with a willingness to take ownership
• Adaptability and decisiveness, with the ability to prioritize and respond to changing needs

• Proficiency in Microsoft Excel

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected].

EEO Statement

Brio Real Estate is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected]