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The Associate -or- Senior Associate, Asset Manager- Debt Capital Markets will assist with asset management, surveillance and reporting functions for the commercial mortgage loan portfolio.
Essential Duties:
- Assist the Executive Director with monitoring individual loan and property performance in connection with the Quarterly Asset Review and Annual Review processes. Responsibilities include, but are not limited to, analyzing loan-level financial statements, rent rolls, and inspection reports to update the underlying collateral value and calculate/evaluate key loan metrics (i.e., loan to value, debt service coverage ratio, and internal risk rating).
- Assist with loan asset management and servicing matters including covenant monitoring, payoffs, prepayments, estoppels, lease reviews, SNDAs, reserves, draw requests, cash management, easements, financial reporting, inspections, post-closing items, and other borrowers’ requests requiring lender approval.
- Collaborate with internal mortgage originators and accounting team, as well as third-party servicer(s), correspondents and legal counsel to complete routine and ad hoc loan management and reporting tasks.
- Create portfolio-level performance reports, presentations, and industry surveys for internal and external parties.
- Partner with Executive Director to coordinate and handle mortgage compliance, data input, and information integrity.
- Work with Executive Director to proactively identify problem loans, develop monitoring plan, and recommend and assist with the execution of loss-minimizing recovery strategies such as note sales, workouts, restructures, and/or foreclosure.
- Identify and implement process efficiencies, best practices and/or standard operating procedures.
- Support other operational tasks and projects as needed.
- Additional duties as assigned.
Requirements
- Bachelor’s Degree in Finance, Real Estate, Accounting, Business, or related field.
- High achiever with minimum 3 years of experience in loan asset management, servicing, surveillance and reporting, or equity asset management.
- Must have deep knowledge and experience underwriting, asset managing or financing all major commercial real estate product types (i.e., office, industrial, retail, multifamily). Basic underwriting knowledge of specialty property types (hotels, self-storage, and condominiums) is a plus.
- Strong attention to detail; ability to work in a fast-paced environment and independently run multiple tasks under tight deadlines.
- High-speed, organized, initiative-taking collaborator with strong critical thinking ability.
- Excellent verbal, written, and non-verbal communication skills.
- Strong organizational and time management skills.
- Solid ARGUS experience.
- Considerable experience using MS Word, Excel and PowerPoint.
- Ability to travel. Ability to work extended hours.
- Must be willing to work on-site full-time
- Qualifications may warrant placement in different job title.
Source: Affinius Capital’s Career Page
