Real Estate, Debt Associate

at  TIAA

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at
www.Nuveen.com
Overview of the Role:
The Associate of Debt Strategies role (the “Role”) is within the small, predominantly UK-based European Real Estate Debt Team (“Debt Team”). The Debt Team currently comprises six investment professionals, 4 focused on investment strategies and capital deployment and 2 on managing the portfolio of completed investments. This Debt Team is part of a larger European Debt and Debt Capital Markets team totalling 10 and including the 4 professionals managing the borrowing of the direct property business in Europe and APAC. The Debt Team operates self-sufficiently within the context of Nuveen Real Estate and the US Real Estate Debt team and with the support from functions including Investment Committee, Legal, Global Client Group, Investor Relations, Finance and Human Resources.
The Debt Team in Europe relies on each team member to be able to contribute to the execution of any loan transaction from origination to funding to portfolio management. Critically, the Role therefore requires the ability to assist/support more senior members of the team across the entire value chain of debt investment.

Key responsibilities:

• Initial analysis, loan quote/ termsheet preparation, due diligence, execution, documentation, closing of loans.
• Financial modelling of property collateral and loan waterfalls.
• Preparation of investment committee materials.
• Collecting and maintaining loan portfolio data, documents, etc.
• Analysis, documentation and approval of loan modifications.
• Investor reporting and performance monitoring.
• Preparation and updating of materials for presentation of existing and new strategies to potential investors.
• Responding to ad hoc requests from investors in relation to individual loan or fund level performance.
• Play a leading role under the oversight of more senior members of the Debt Team in analysing, structuring, , underwriting, Investment Committee approval process, executing and closing debt transactions to deliver key investment and risk/reward objectives.
• Participate and contribute to pipeline discussions.
• Provide input to operational support functions where required, including loan, fund and portfolio performance measurement and compliance functions.
• Build strong real estate debt relationships with other Nuveen Real Estate and TIAA businesses across Asia, UK, Europe and the US as appropriate.
• Contribute to the preparation of marketing materials for the debt platform to raise additional capital from potential investors in collaboration with members of the Global Client Group or Placement Agents.
• Working in conjunction with other members of the Debt Team, maintain complete and well-ordered sets of data, documents and records for loans included in the portfolio.
• Assist in the preparation of best-in-class reporting to investors on a timely and accurate basis.
• Comply with governance, committee and risk management processes.

Qualifications & Experience Required

• Experience and good understanding of the typical due diligence and legal documentation requirements for non-recourse mortgage secured commercial real estate lending, preferably across European jurisdictions.
• Excellent quantitative analysis and financial modelling skills.
• Microsoft Office - Excel, Word and PowerPoint proficiency required.
• Commercial acumen.
• Ability to multi-task and manage priorities effectively and independently with guidance and supervision, yet also work in a collaborative team environment.
• Strong oral and written English language skills.
• Proficiency in one or more other key European languages, particularly: German, Spanish, French, Dutch or Italian in line with key target markets would be viewed favourably.

Competencies Required

• Presentation and communication skills.
• Project management and organisational skills are essential.
• Networking and communication – with investors, borrowers, service providers, and internally.
• Professional maturity, self-confidence and business judgement.
• Ability to work proactively and independently.
• Act in line with Nuveen Real Estate’s Company Values and integrity to act in the best long-term interest of clients and the company.
• Minimum 3 years of relevant professional experience.

Additional Information
This role requires no regulatory designation.
Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact
ta@nuveenglobal.com
should you require any assistance.
Related Skills
Adaptability, Asset/Investment Modeling, Business Development, Communication, Due Diligence, Financial Acumen, Financial Risk Management, Investment Management, Investment Performance Reporting, Investment Reporting Oversight, Market/Industry Dynamics, Negotiation, Opportunity Strategy, Real Estate Investments, Underwriting

Company Overview
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at
www.nuveen.com
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email:
accessibility.support@tiaa.org

• Initial analysis, loan quote/ termsheet preparation, due diligence, execution, documentation, closing of loans.
• Financial modelling of property collateral and loan waterfalls.
• Preparation of investment committee materials.
• Collecting and maintaining loan portfolio data, documents, etc.
• Analysis, documentation and approval of loan modifications.
• Investor reporting and performance monitoring.
• Preparation and updating of materials for presentation of existing and new strategies to potential investors.
• Responding to ad hoc requests from investors in relation to individual loan or fund level performance.
• Play a leading role under the oversight of more senior members of the Debt Team in analysing, structuring, , underwriting, Investment Committee approval process, executing and closing debt transactions to deliver key investment and risk/reward objectives.
• Participate and contribute to pipeline discussions.
• Provide input to operational support functions where required, including loan, fund and portfolio performance measurement and compliance functions.
• Build strong real estate debt relationships with other Nuveen Real Estate and TIAA businesses across Asia, UK, Europe and the US as appropriate.
• Contribute to the preparation of marketing materials for the debt platform to raise additional capital from potential investors in collaboration with members of the Global Client Group or Placement Agents.
• Working in conjunction with other members of the Debt Team, maintain complete and well-ordered sets of data, documents and records for loans included in the portfolio.
• Assist in the preparation of best-in-class reporting to investors on a timely and accurate basis.
• Comply with governance, committee and risk management processes