Career Opportunities

COMMERCIAL MORTGAGE ORIGINATION

Location          Chicago, IL (Downtown)
Start Date        Winter 2022
Contact            Steve Cho (scho@bluevistallc.com)
Location          Chicago/Hybrid/Potential for Other Location

Position Responsibilities

Blue Vista is seeking to hire a real estate professional to support the loan and portfolio administration functions for the firm’s lending platform. This position will work closely and directly with all members of the lending team, including senior management.

Responsibilities/essential functions include, but are not limited to, the following for managed loans:

• Work with the asset management team and external servicers to direct monthly loan waterfalls and remittances, which will require understanding loan and fund structures to manage cash, apply payments, and administer reserves
• Quality control the accurate onboarding and ongoing integrity of loan performance data across various specialized real estate, accounting, and insurance software systems. Manage communication, sharing, and reconciling of that data with the credit and accounting teams
• Assist with timely delivery of accurate management, investor, and lender reporting, which will require gathering or assembling information from borrowers, servicers, market research providers, and software systems
• Perform and/or assist with certain aspects of the loan closing process, including ordering third party reports, auditing leases/estoppels/SNDAs, and coordinating loan funding and onboarding with internal accounting and treasury, external servicer, counsel, and other working parties

Qualifications

This is a small and growing team, in a business that prioritizes accuracy and responsiveness to its investors and clients.  Maturity, strong attention to detail, project and time management discipline, and effective communication are required to be successful in this position.

• High personal standards for honesty, reliability, and responsibility
• Natural inclination towards being highly organized, disciplined, and accurate with data
• Solid interpersonal, written, and verbal communication skills
• Proficiency in MS Excel, Office. Comfort with learning and working with industry software platforms.
• Familiarity and work experience with commercial real estate and commercial real estate lending

LOAN ADMINISTRATOR

Location          Chicago, IL (Downtown)
Start Date        Winter 2022
Contact            Steve Cho (scho@bluevistallc.com)
Location          Chicago/Hybrid/Potential for Other Location

Position Responsibilities

The Commercial Mortgage Origination role for the Blue Vista lending platform will work with the regional head of production and focus on the origination of loan investments for current and future fund vehicles, separately managed accounts, and other ventures.  The candidate will be required to directly cover assigned clients while also assisting in managing and administering regional marketing plans, client contacts and transaction pipelines.  The candidate will also work closely with all members of the lending team as well as coordinate and interact with members of Blue Vista’s other investment platforms.

Candidate’s level of experience will determine role and position title.  Blue Vista’s desire and expectation is to educate and train the candidate broadly across the business and functions of the lending platform. Responsibilities/essential functions include, but are not limited to, the following:

• Client-facing business development of a diverse set of products for the Blue Vista credit platform, including floating rate bridge and long-term fixed rate debt
• Help manage the firm’s existing relationships and also expand new client relationships to ensure Blue Vista maintains its position as a potential capital partner for future transactions
• Contribute to the company’s growth initiative by assisting in all marketing efforts
• Thoroughly analyze investment opportunities including review of the property, location, comps, and sponsor experience to ensure the transaction is an appropriate and acceptable risk
• Present transactions to Blue Vista investment committee including financial strengths and weaknesses, risk assessments, strength of sponsor/guarantors, collateral, and deal structures
• Collaborate with the underwriting team to efficiently manage transaction closings and with legal counsel to negotiate loan documentation

Qualifications

This is a fast-paced and team-oriented environment, where priorities can change frequently, and deadlines are often under time pressure.  Maturity, a self-starter attitude, project and time management discipline, attention to detail, and effective communication as well as critical thinking skills are required to be successful in this position.

• A minimum of 5 years’ experience within commercial real estate finance in lending, mortgage banking, brokerage or investments in a client facing role
• Ability to work well in a team environment, both internally and with external working parties
• Ability to manage multiple tasks across simultaneous transactions and prioritize accordingly
• Strong interpersonal skills and excellent written and verbal communication skills are essential for effective communication with clients and all levels of management and team members
• Extensive knowledge of fundamental real estate cash flow and valuation analysis for all major property types
• Experience with multiple commercial real estate property sectors a plus

SENIOR ACCOUNTANT

Location          Chicago, IL (Downtown)
Start Date        Winter 2022
Contact             Kathy Silberberg (ksilberberg@bluevistallc.com)

Position Responsibilities

This position reports primarily to the Assistant Controller.  Responsibilities will include but are not limited to the following:

• Maintain daily cash reconciliations and weekly payables process for multiple entities
• Draft quarterly fund-level financial statements and issue to investors
• Quarterly review and consolidation of property financial reporting
• Collaborate with Portfolio Management, Acquisitions & Asset Management on fund acquisitions and dispositions, including review of opening entries and calculation of the gain or loss on investment
• Management of the audit process, including but not limited to, analytical review of and response to auditor questions, creation of lead schedules, managing the PBC list and coordinating other team members’ responses
• Ownership of balance sheet activity for all entities within multi-entity, complex fund structures
  • Preparation of supporting schedules for balance sheet accounts
  • Calculation of all adjusting entries at quarter-end
• Assist with calculation and issuance of investor call and distribution notices
• Track cash transactions for all entities while respecting multi-entity structures and in accordance with governing agreements
• Evaluate the need for loan draws in conjunction with investment activity
• Track loan principal and interest and coordinate draws and repayments with lenders
• Ad hoc assignments related to innovation of technology, processes and procedures to assist with firm-wide efficiency initiatives
• Assist with ad hoc investor requests

Job Requirements

The primary skill sets, traits and experiences of the ideal candidate are as follows:

• 2-3 years of experience in public accounting (audit or tax); preferably in the commercial real estate industry
• CPA highly preferred
• Proficiency in MS Office applications (Excel (lookups, pivots), Adobe)
• Must be comfortable speaking and asking questions in team meetings both on zoom and in person
• Resourceful with the confidence to make recommendations to the Assistant Controller, Controller, and other BV teams
• Must have strong communication and writing skills and a highly competent foundation in basic accounting skills
• Must be able to work independently and make proposals even if unsure of the answer
• Able to effectively cope with change and comfortably shift focus
• Highly organized to balance multiple priorities in a fast-paced environment
• Flexible, with a good attitude