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Portfolio Manager, Commercial Real Estate Debt

Wellington Management

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Job overview

Wellington Management is expanding its Private Investing capabilities and seeks an experienced investor to help build its Commercial Real Estate Debt Team. The Portfolio Manager will source opportunities, underwrite transactions, recommend investments, structure and negotiate terms, and manage portfolio positions and relationships. The role works with colleagues across Wellington’s investment platform and calls for commercial real estate credit experience, analytical judgment, collaboration, and clear communication.

Skills & qualifications

RequiredNice to have

Skills

Commercial Real Estate CreditReal Estate UnderwritingCredit InvestingCredit StructuringAnalytical ThinkingCollaborationInfluencingRelationship BuildingRisk TakingVerbal CommunicationWritten CommunicationCreative ThinkingGlobal Perspective

Qualifications

Successful Credit Track Record

Full job description

About UsWellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.# About the RoleAs part of the continued expansion of our Private Investing capabilities, we are seeking to recruit an experienced investor for our new Commercial Real Estate (CRE) Debt Team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the private investment teams manage approximately $11 billion in assets in aggregate across private growth equity, venture capital and private credit, and it is the fastest growing investment group within Wellington. The Portfolio Manager, Commercial Real Estate Debt will be responsible for helping build the teams investment pipeline, including thematic, research-based sourcing and relationship-driven origination across sponsors, borrowers, financing partners, advisors, and other market participants. In addition to generating deal flow, the ideal candidate will conduct in-depth underwriting of select transactions, develop investment recommendations, structure and negotiate bespoke terms and covenants, and help manage portfolio positions and borrower/sponsor relationships. We expect this individual to leverage their insight and experience throughout the investment process while working closely with others across Wellingtons investment platform, including global credit analysts, industry research colleagues, and other private investors. ESSENTIAL SKILLSThe following essential skills are required for the role: * Investment acumen and passion The Investment Professional will have a successful track record in commercial real estate credit or a closely related lending strategy, with a deep understanding of real estate fundamentals and underwriting experience across major sectors. The ideal candidate will be passionate about credit investing and will emphasize a fundamental, research-oriented, bottom-up approach to underwriting commercial real estate and focus credit structuring, supported by a highly analytical and detailed investment process. * Superior collaboration and influencing skills The successful candidate will enjoy being an individual contributor within a highly collaborative team and embrace the benefits of overlapping lines of idea generation. The Investment Professional will build strong trusting relationships externally with sponsors, borrowers, financing counterparts, advisors, management teams, industry contacts, clients and prospects as well as internally with colleagues. The ability to take risk and challenge investment views is critical, as is the humility to admit mistakes and a desire to learn from others; the Investment Professional must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) action-oriented opinions clearly and with conviction and contribute to an open investment dialogue is important. * Intellectual curiosity, capacity for differentiated thinking, and a growth mindset The flexibility and openness to continue learning, evolving, and growing as an investor is important. The Investment Professional will have a global perspective and creative approach for analyzing growth lending transactions. Success in this role will open progression opportunities within the CRE Debt team and broader Wellington. OTHER QUALIFICATIONSAdditional qualifications and individual characteristics are likely to include: * A minimum of

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