About Man Group
Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.
Headquartered in London, we manage $227.6 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com
* As at 31 December 2025
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
The anticipated based salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.
Inclusion, Work-Life Balance and Benefits at Man Group
You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity.
You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering.
Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.
Equal Employment Opportunity Policy
Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws.
Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact [email protected].
Skills Required
- Bachelor's degree in finance, real estate, economics, or a related field
- 1 - 4 years of relevant experience in commercial real estate debt
- Advanced proficiency in complex financial modeling and Microsoft Office
- Experience with commercial real estate underwriting and valuation
- Proficiency with Python
What We Do
Man Group is a global active investment management firm, which runs $127 billion* of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. Our business has five specialist investment engines, which represent the range of our capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM. These engines house numerous investment teams, working collaboratively within the framework of Man Group, with a high degree of investment autonomy. Each team benefits from the strength and resources of the firm’s single operating platform, enabling their primary focus to be seeking to generate alpha for clients. The teams invest across a diverse range of strategies and asset classes with highly specialised approaches, with long only and alternative strategies run on a discretionary and quantitative basis in single and multi-manager formats. Our clients are at the heart of everything we do and we engage in close dialogue with our investors as strategic partners, to understand their particular needs and constraints. Man Group’s investment teams are empowered and supported by our institutional infrastructure and technology, which aims to facilitate the efficient exposure to markets and effective collaboration across the organisation.
