Job Description
Job Description
Description :
STORE Capital Advisors, LLC is seeking a Portfolio Manager to join our Underwriting and Portfolio Management team.
How you will contribute to STORE’s mission :
The Portfolio Manager is an integral member of STORE Capital’s Portfolio Management team, focused on maintaining and maximizing the health of our $16 billion net-lease portfolio. This role is responsible for analyzing tenant and property financials, reviewing industry and customer related performance trends, and assessing risks and opportunities across the portfolio. The Portfolio Manager will be responsible for a subset of the portfolio while working closely with internal teams to provide insights that drive resolutions and portfolio performance.
What will make you successful (Qualifications)
- 3-5 years of experience working in a commercial real estate investment firm, with at least 3 years’ knowledge of corporate credit analysis. Experience managing portfolios of commercial properties is preferred
- Bachelor’s Degree preferably in Business, Finance, and or related area required
- Experience with value-add investment strategies, including development, and re-positioning assets.
- Proficiency with valuation modeling and financial underwriting
- Exceptional quantitative, analytical, and problem-solving skills
- Ability to understand and interpret sophisticated corporate financial concepts, including Income Statements, Balance Sheets, and Cash Flow Statements
- Ability to think critically, prepare financial analysis and determine the creditworthiness of a company as a tenant
- Excellent written and oral communication skills
- Self-starter with the capacity to work independently while possessing a team attitude and willingness to learn.
- Effective at time and task management
- Ability to work under tight deadlines, prioritize and deliver quality work under pressure.
What most days will include (Primary Duties)
Managing and analyzing the financial health of STORE’s customers, conducting detailed portfolio analysis and preparing reports. Included in the analysis is a comparison of different industries, consideration of historic trends, and an understanding of financial metrics and regulatory / legal restrictions that may impact the portfolio.Assists in the management of all aspects of STORE’s lease portfolio, including performing as well as at risk customers. Create and implement action plans for resolving distressed leases and defaults, including restructures, forbearances, bankruptcies, workouts, legal action, settlements, foreclosures, liquidations, note sales, and other actions. Negotiate with tenants, borrowers and guarantors to arrive at best possible resolutions and recovery.Prepare and present monthly performance of the assigned portfolio to Executive Leadership Team, documenting the financial health, identifying potential issues, and resolution and anticipated recovery of troubled assets. Prepare other management reports as required.Leverage Excel and credit analysis to produce presentation-quality analysis and models for individual properties as well as portfolios to support investment or disposition decisions.Perform leasing and sales activities for vacant assets in STORE’s investment portfolio.Prepare and present credit memorandums regarding servicing requests from Tenants that may impact the credit quality of STORE’s portfolio.Perform other duties and projects as assigned.What’s in STORE for you (Benefits & Perks)
Competitive Pay and Long-Term Pay IncentivesHybrid Work Schedule / Time FlexibilityComprehensive Health Benefits w / $0 Cost Employee Benefit Plan OptionsEmployer Sponsored Life and Disability PoliciesGenerous Paid Time Off Program and Paid Parental LeavePaid Volunteer Time OffThirteen (13) Paid Holidays Per Year401(k) Profit Sharing Plan with 4% match; with NO vesting scheduleEmployee Wellness ProgramEmployee Training Reimbursement ProgramEmployer Sponsored Electric Vehicle (EV) Charging ProgramSTORE Capital Advisors, LLC is a proud equal opportunity employer. We do not discriminate on the basis of race, color, religion, national origin, sex, age, disability, or any other status protected by law. It is our intention that all qualified applicants be given equal opportunity and that selection decisions be based on job-related factors. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Requirements :