Analyst

Purpose of the Role

Man Group's US Residential Debt team is seeking an experienced Analyst to support our multifamily focused direct lending strategy. This role will report directly to the Vice President, supporting the origination, underwriting, structuring, and asset management of structured credit transactions across the capital structure and risk spectrum. The team focuses on transitional and construction loans across residential property types, including, but not limited to, multifamily, condominium, single-family rental, build-to-rent, townhomes, and office-to-residential conversions, with individual loans typically ranging from $25 million to $100+ million.

The successful candidate will be a primary contributor across the full deal lifecycle and must be comfortable operating across both analytical and operational workstreams. As this is an existing strategy within Man Group, the individual will have an opportunity to continue building an investment platform with the backing of a premier alternative investment management firm. As a member of the Man Group US Residential Debt team, this individual will also gain cross-platform exposure to the team’s other core investment strategies.

Specific Responsibilities

Underwriting & Investment Analysis

• Underwrite potential loan originations, including detailed analysis of borrower/sponsor strength, business plan feasibility, capital structures, and exit strategies
• Build and maintain detailed financial models incorporating cash flow analysis, draw schedule projections, sensitivity scenarios, and risk-adjusted return analysis
• Prepare and present investment committee memoranda with clear articulation of deal thesis, key risks/mitigants, return profile, and relative value

Sourcing & Origination Support

• Assist in cultivating and maintaining relationships with borrowers, sponsors, brokers, co-lenders, attorneys, and other market participants
• Participate in early-stage deal screening to identify and evaluate new investment opportunities consistent with the team's strategy
• Contribute to market research and competitive landscape analysis to support sourcing and pricing decisions
• Prepare and maintain weekly pipeline materials

Due Diligence & Execution

• Lead and coordinate due diligence workstreams including sponsor/borrower assessment, property-level collateral analysis, market analysis, and review of third-party reports
• Assist in structuring and closing of investments, including term sheet preparation, legal documentation review, and commercial negotiation

Asset Management

• Develop a deep understanding of the exposures and associated risks across a portfolio of existing loans
• Review and obtain approval for construction draw requests, coordinating with borrowers, third parties, and internal teams
• Proactively monitor loan-level performance, including covenant compliance, business plan milestones, cash flow updates, valuation model updates, and monthly asset financial reporting
• Identify and mitigate signs of credit deterioration and contribute to loss mitigation efforts where necessary

Cross-Platform Collaboration

In addition to the role’s primary focus, the candidate will be expected to work across the broader Residential Debt team, contributing to the other core investment strategies as needed:

Lender Finance

• Support underwriting and monitoring of lender finance facilities, including review of borrower/originator profiles, collateral eligibility criteria, and covenant compliance
• Assist with borrowing base calculations, funding requests, and ongoing facility administration in coordination with counterparties and internal operations teams

RTL Whole Loan Purchasing

• Contribute to RTL underwriting workstreams, including collateral tape review, borrower and property-level analysis, and pricing support
• Assist in evaluating credit performance across the RTL portfolio to inform ongoing acquisition and pricing decisions

Capital Raising & Investor Relations

• Support the team's capital raising efforts by helping prepare marketing materials, coordinate due diligence, and respond to investor requests and questionnaires
• Assist in compiling and analyzing portfolio performance data for ongoing investor reporting and ad hoc investor inquiries
• Develop a working familiarity with the team's fund structures and investor base to support relationship management effort

Key Competencies

• Bachelor's degree required, preferably in finance, real estate, economics, or a related field
• 1 - 4 years of relevant experience in commercial real estate debt, preferably with direct exposure to transitional or construction lending on residential assets
• Advanced proficiency in complex financial modeling and Microsoft Office (Excel, PowerPoint, and Word)
• Experience with commercial real estate underwriting and valuation is strongly preferred; familiarity with residential whole loans (RTL, DSCR) or lender finance is a plus
• Proficiency with Python is a plus
• Strong written and verbal communication skills; ability to distill complex investment theses into clear, concise IC materials
• Detail-oriented and organized, with the ability to manage multiple workstreams simultaneously in a fast-paced environment
• Self-motivated, intellectually curious, collaborative, and comfortable working in a growing platform with a flat team structure