At RealtyShares we're building a marketplace that is completely changing the way the real estate industry thinks about raising capital, bringing innovative changes that benefit both investors and developers. RealtyShares’ platform gives investors access to an exclusive half-trillion dollar annual real estate market. It also helps real estate companies tap into an enormous source of new capital they can’t practically access on their own. We’re growing 30% every month. We’re winning. Come help us win more.
RealtyShares is seeking a strategic and experienced VP of Credit/Risk Management to join our Senior Management team and help formulate, guide and manage enterprise risk policies including pricing and risk management strategies for our portfolio of debt and equity real estate investments.
YOU’LL HAVE THE OPPORTUNITY TO:
-Develop underwriting, pricing and credit policies and guidelines for the company that will be applied across real estate opportunities sourced and funded through RealtyShares
-Ensure underwriting guidelines are current and respond to changes driven by the market, the regulatory environment, new products and borrower/sponsor feedback
-Establish credit policy for all investment products, including bridge debt, mezzanine equity, preferred equity and term debt
-Create and manage portfolio concentration limits with respect to specific borrowers, markets and asset classes
-Construct effective monitoring and reporting capabilities for credit risk within the company and identify key risks and mitigation strategies
-Formulate and implement strategic initiatives and decisions regarding risk management, pricing and product development
WE ARE SEEKING AN INDIVIDUAL WHO HAS:
-10-12 years of credit and portfolio risk management experience in a real estate capacity
-A bachelor’s/master’s degree in mathematics/statistics or finance with a credit/mathematical focus
-Expert knowledge of statistical methods and modeling utilizing Excel, VBA, simulation tools, computer programming languages, etc.
-Expert knowledge in financial modeling and understanding real estate asset-level cash flow
-Demonstrated ability to manage underwriting, credit policy development, quality control and due diligence
-Strong management and leadership skills; expert judgment and decision making capabilities
RealtyShares is the LendingClub for Real Estate. We've created the leading marketplace for real estate investing through which individual and institutional investors can purchase shares in pre-vetted residential and commercial real estate properties for as little as $5,000 from the convenience of a laptop or tablet. These investments are offered through real estate borrowers/sponsors looking for access to more efficient capital than what banks and other private capital sources are able to provide.
We streamline the investment process so investors can complete the entire process online, signing all documents electronically and transferring funds, securely through the platform. We also provide investors with access to a dashboard through which they can monitor their investments 24-7.
We've had tremendous momentum with $160M+ in originations across over 300+ investments. We've raised $32M in venture capital from USV, Menlo Ventures and General Catalyst Partners.