About the role

Associate, Asset Management

RRA Capital | Phoenix, Arizona

RRA Capital is a real estate credit platform focused on structured lending and opportunistic investments. We are seeking an Associate with at least 3 years of commercial real estate experience to actively manage a portfolio of transitional and value-add loans in Phoenix.

THE ROLE

This role requires strong real estate and credit judgment and spans post-closing business plan execution, borrower requests, extensions, modifications, workouts and resolution.

Your work will include: Manage a portfolio of commercial real estate loans by reviewing borrower reporting, monitoring performance against underwriting and business plans, and maintaining asset-level models and valuations
Identify emerging credit, operational, sponsorship and market risks; maintain risk ratings and watchlists; and recommend actions
Review loan documents and monitor covenants, extension conditions, reserves, cash management, reporting requirements and maturities
Evaluate borrower requests, including extensions, modifications, draws, reserve releases and other lender consents
Manage borrower and sponsor relationships and prepare asset-level reporting and recommendations for senior management and investment committees
Collaborate with RRA's Underwriting, Originations, Capital Markets, Loan Servicing, Finance and Legal teams throughout each investment
Support workouts, foreclosure and REO analysis, property inspections, market research and portfolio valuations

WHAT WE'RE LOOKING FOR
You should have:
3+ years of commercial real estate experience, preferably in debt asset management, underwriting, lending or acquisitions
Experience underwriting or managing performing commercial real estate loans; floating-rate bridge or transitional loan experience preferred
Non-performing loan, workout or equity real estate experience is a plus
Experience underwriting multiple property types and value-add business plans preferred
Strong commercial real estate underwriting and financial modeling skills, including advanced Excel proficiency
Familiarity with commercial real estate loan documents and lender protections

THE IDEAL CANDIDATE

The ideal candidate enjoys owning investments after closing and developing a deep understanding of the credit and underlying real estate. They are equally comfortable monitoring a well-performing loan, evaluating a borrower request or working through a developing issue.

Because RRA operates with a lean team, this person will wear multiple hats within Asset Management and should value the opportunity to build deep expertise and responsibility in the function.

The ideal candidate: Thinks like both a lender and an owner and takes pride in active asset management
Is intellectually curious and wants to understand what is driving an asset's performance
Identifies issues early and develops clear recommendations
Takes ownership and communicates directly with borrowers and sponsors
Moves comfortably between detailed underwriting, loan-document analysis, portfolio monitoring and higher-level investment judgment
Enjoys cross-functional collaboration and is proactive, reliable and highly accountable

OUR CULTURE & CORE VALUES At RRA Capital, we work as a team and treat each other with respect, humility, and good humor. We’ve built a culture that feels more like a family than a firm—and we take pride in holding ourselves and each other to the highest standards of integrity and professionalism. Enjoyable to Be Around – Team-oriented, professional, and ego-free. Passionate About Continuous Improvement – Committed to self-growth and feedback. Smart – Creative, efficient, and solutions-driven—not academic. Reliable – Self-starters with a deep sense of ownership and follow-through.

COMPENSATION & BENEFITS

Base salary commensurate with experience and discretionary performance bonus. Benefits include medical insurance, 401(k) with employer match and unlimited PTO.

Contact: Lisa Donovan
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