About this opportunity
PRP Advisors lists this Vice President Asset Management opportunity in new york city, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Firm Overview
PRP Advisors is a subsidiary of Balbec Capital LP. Balbec Capital (“Balbec”) is an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $35 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.
Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved, or fragmented markets.
Balbec’s funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding.
Balbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk/reward profiles, upside potential, and substantial downside protection.
Job Description & Key Responsibilities
PRP Advisors is seeking an Asset Management candidate to join our growing Global Commercial Real Estate team. The Asset Management VP will be responsible for contributing to the asset management of Balbec’s commercial mortgage platform.
Responsibilities include:
Oversight of borrower relations and property management
Collaborate with Balbec CRE team to analyze and execute real estate management strategies
Oversee property management teams to ensure the operational efficiency of properties
Conduct due diligence, including review of environmental site assessments, physical inspections, insurance reports, and property tax evaluations
Oversee and review property improvements, renovations, and maintenance projects.
Strategic planning and financial analysis for operations associated with Balbec’s commercial mortgage platform
Work closely with team members from Associates to Managing Directors across various disciplines
Integrate efforts with the broader CRE team to ensure smooth transaction processes
Review annual operating budgets and develop monthly internal budget-to-actual reports
Ensure compliance with loan covenants, reserve structures
Handle all aspects of reviewing draw packages, coordinating associated future funding with accounting teams, coordinating advances from warehouse lenders
Review and coordination of modifications, inclusive of ordering any reports necessary and working with legal to paper business terms
Coordinate escrow/bailee agreements with physical doc delivery to appropriate counterparties
Oversight of management of REO properties
Qualifications & Experience
7+ years of relevant experience
Deep understanding of the commercial real estate market
Strong analytical and strategic planning skills
Ability to develop and execute asset management strategies
Effective collaboration skills with team members at all levels
Capable of managing multiple transactions and adapting to a fluid work environment
Equal Employment Opportunity
PRP Advisors is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline and termination.
Disclaimer for External and 3rd Party Recruiters:
Please note that PRP Advisors does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of PRP Advisors without any obligation to pay referral fees. Thank you for your cooperation.
Worksite address
new york city, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.