Job Description

The Asset Manager will have overall responsibility and ownership of a loan portfolio for various lenders with asset types including office, industrial, retail, multifamily, self-storage, and hotels. Candidate will serve as primary contact to borrowers and as an intermediary between borrowers and lenders.

Responsibilities: 

• Provide excellent customer service to all stakeholders by responding promptly and effectively to basic and complex loan inquiries. Problem-solve inquiries as needed.
• Accurately and efficiently analyze financial statements including identifying and researching variances and normalizing to required standards.
• Evaluate health of assets using Debt Coverage Ratio, rent roll vacancy and tenant rollover, maturity, and physical risk metrics for designated portfolio.
• Identify and monitor watchlist loans based on CREFC or lender-specific watchlist criteria.
• Review and process time-sensitive transactions including construction/bridge loan draws.
• Analyze and facilitate consent requests including reserve disbursements, lease reviews, ownership transfers, insurance losses, condemnations, management company changes, easements, partial releases, and guaranty releases.
• Abstract legal documents and review appraisals.
• Identify, comprehend, and monitor the performance of key loan covenants and due dates.
• Review insurance Acords for compliance.
• Compile and review market information from Costar and other publications as needed.
• Review and perform property inspections.
• Manage random projects as assigned.

Previous Experience:

• 5 years commercial mortgage banking, commercial loan servicing or commercial real estate
• 5 years annual operating statement analysis
• 2 years relationship building/customer service with owners and lenders
• CREFC Coding and Methodology for Analyzing Property Income Statements
• Commercial lines insurance experience a plus
• Fannie Mae/Freddie Mac/FHA multifamily servicing a plus
• McCracken Strategy a plus

Skills, Technology:

• Strong analytical and research skills
• Effective oral and written communication abilities
• Managing multiple assignments in a deadline-driven environment
• Excellent organizational and follow-up competencies
• Ability to work independently and in a team environment
• Advanced proficiency in Excel/Word/Outlook/Adobe Acrobat DC
• Cloud storage platforms experience

Education:

• Bachelor’s Degree, Business, Finance, Accounting

Job Tags

Similar Jobs