Asset Manager in 15821 Ventura Blvd at Ascent Developer Solutions

15821 Ventura Blvd, Suite 135, Encino, CA 91436

Position Title: Asset Manager

The Role

Ascent Developer Solutions is seeking an experienced, hands-on Asset Manager to directly execute financial analysis and perform loan covenant testing across a portfolio of income-producing, bridge, and construction loans. Covenant compliance is core to the role, but the Asset Manager also helps design new processes, weighs in on new product rollouts, and takes on ad hoc reporting for Credit and senior leadership.

This is a highly cross-functional role that works closely with Credit, Legal, Servicing, Lending, Finance, Sales and Special Assets, requires strong multitasking across a high volume of loans and deadlines, and includes mentoring analysts and interns.

The Work

Covenant Compliance & loan Monitoring

• Analyze and interpret complex loan agreements across diverse product types to architect comprehensive post-closing compliance and monitoring frameworks
• Own the recurring review cadence for financial covenants on income-producing and bridge loans, including but not limited to, debt yield, DSCR, net worth, and liquidity tests
• Determine the correct testing requirements and DSCR methodology by loan and asset type
• Track deal-specific loan covenants and conditions, including construction milestones, draw conditions, and lease-up requirements
• Maintain the covenant tracking system, escalate breaches or trending non-compliance, and coordinate with Legal and Credit on waivers or amendments
• Lead covenant outreach to relationship managers and borrowers, and coordinate with third-party vendors supporting covenant tracking and portfolio monitoring

Process Improvement, New Products & AI

• Identify process gaps and design new workflows and tools that improve the efficiency and accuracy of the asset management function
• Use AI tools to speed up tasks like spreading financials and rent rolls, always verifying outputs before relying on them
• Participate in and provide feedback on new loan product rollouts from post-closing perspective, helping define how each product is tracked and managed post-closing

Reporting & Analysis

• Respond to ad hoc reporting and analysis requests from Credit and senior leadership
• Build and maintain financial models and covenant calculators to evaluate loan-level performance
• Prepare covenant compliance summaries, investor updates, and executive reporting

Team Leadership & Risk Management

• Train, coach, and review the work of analysts and interns, building reference materials that speed up onboarding
• Assess credit risk, flag covenant-driven early warning signals, and maintain internal risk ratings
• Quarterly/Bi-monthly expectation: Requires at least one week of in-person collaboration at HQ every two months.

Your Skills and Experience

• Bachelor's degree in Finance, Real Estate, Accounting, or a related field
• 3-6+ years of experience in commercial real estate finance, construction lending, asset management, or credit
• Strong knowledge of financial statement analysis, DSCR, debt yield and other common loan covenant metrics
• Proven ability to multitask across a high volume of loans and deadlines without sacrificing accuracy
• Experience training or mentoring junior team members
• Advanced Excel skills; Power BI experience a plus
• Comfort using AI tools to improve efficiency, applied with sound judgment
• Strong written and verbal communication skills

The Pay

Salary range is $100,000 - $125,000 per year with a discretionary bonus of 15% per year

The Work Environment

• This role works remote