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Arbor, a real estate investment trust that invests in a diversified portfolio of multifamily and commercial real estate-related loans and other real estate-related assets, has a career opportunity for a Director/Team Lead, Portfolio Management.
The Director, Team Lead is responsible for managing the performing Agency portfolio consisting of Fannie Mae, Freddie Mac, HUD, and conduit loans to assess portfolio quality, identify areas of risk, evaluate long-term viability and performance, and proactively mitigate potential loss. Lead and mentor a Portfolio Management team while working closely with the AVP and VP of Portfolio Management to monitor performance, regulate workflow and workload, resolve issues, and implement solutions.
The Director, Team Lead will have the following duties and responsibilities, including but not limited to:
- Monitor quality and performance of team’s assigned commercial loan portfolios, including time and attendance, performance evaluations, mentorship, and coaching
- Serve as a point of escalation and support to assigned team of Portfolio Managers
- Responsible for team’s timely satisfaction and compliance with Investor requirements through review of internal reports.
- Responsible to ensure team completes quarterly financial analyses to evaluate projects performance and discuss with borrowers any substantial variances noted
- Conduct Market research and analysis
- Loan document review and interpretation
- Identify areas of risk and evaluate long term viability of loans, including reviewing property inspections, and property operating statements
- Request and review documentation relative to any draw requests (i.e. Replacement reserves, Completion and Immediate repairs, Capital Improvements, and Re-stabilization Reserves) to determine and recommend release of funds
- Request and review documentation relative to any Borrower requests (i.e. Management change, insurance losses, easements, partial releases) and any other issues that may arise to determine and recommend release of funds, as applicable.
- Will work on other related projects and tasks as needed
- From time to time, the Director Team Lead may conduct training site visits with junior members of Portfolio Management to ensure properties are adequately maintained
Education: Bachelor’s degree in Business, Finance, or related field preferred.
Experience: Minimum 6 years’ experience in commercial real estate mortgage servicing, commercial lending, finance, and/or loan underwriting
Knowledge/Skills/Abilities:
- Ability to lead, mentor and motivate a team of people
- Strong analytical skills with high attention to detail and accuracy
- Strong organizational, time management, and prioritizing skills
- Excellent verbal, written, and interpersonal communication skills
- Ability to work in a fast-paced environment with strict deadlines
- Advanced Microsoft Office Skills
- Loan servicing system experience a plus
Travel: Up to 25%
Source: Arbor Realty Career Page
