Loan Asset Manager

Job Title: Loan Asset Manager

Location: London

Role Overview: Cobalt is currently recruiting for a Loan Asset Manager to join our clients dynamic Loan Asset Management team in London. This client-facing role demands strong analytical skills and real estate debt experience. The successful candidate will play a key role in supporting the asset management of a pan-European mixed loan portfolio for a prominent global private equity firm, operating in a rapidly expanding market.

Key Responsibilities:

• Review and oversee the approval process for waivers, lease approvals, and other ad hoc requests.

• Conduct forward-looking monitoring and assessment of loan performance, comparing against underwriting standards and sponsor business plans.

• Re-underwrite loans, especially those deviating from the business plan.

• Prepare comprehensive quarterly and annual asset reviews.

• Collaborate with the facility agent on reporting and address asset management queries.

• Analyse development budgets, monitor project progress and manage drawdown processes.

• Recalculate and spread financial statements and covenants in line with LMA structured finance definitions.

• Manage property and tenant-level data, including financial trends, credit ratings, and relevant ESG credentials.

• Actively gather and review up-to-date market research in the relevant asset class and geographic locations.

• Participate in client meetings and present findings to stakeholders.

• Evaluate and prepare recommendations for client consent items on loan and real estate-related matters.

• Review relevant items of real estate finance and provide recommendations.

• Maintain the integrity of loan information within the loan asset management system.

• Undertake special projects as required.

Desired Skills and Experience:

• 3-5 years' experience in the UK & European real estate finance sector, including terminology.

• Expertise in debt due diligence and transaction management.

• Familiarity with LMA structured finance.

• Proficient in MS Excel and cash flow modeling.

• Experience in underwriting and/or managing performing and non-performing loans.

• Understanding of borrower or sponsor-level information (financial statements, corporate structure, etc.).

• Excellent time management and organizational skills.

• Strong analytical, written, verbal, and problem-solving skills.

• Knowledge of European languages (German, Dutch, Italian, French, or other) is an asset.

Education/Experience:

• Degree level education or equivalent, with real estate finance experience; or an equivalent combination of education and experience.

• CAIA, CFA, or MRICS helpful but not essential.

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