A successful, steady growing, Asset Management Company, specialized in the Commercial Real Estate lending, is looking to add a new team member for their Asset Management Department. The Asset Manager assists with loan servicing, surveillance and reporting for the commercial mortgage loan portfolio.
Seeks out early warning signs of deteriorating. Makes ongoing assessments
Prepares and presents information on watch, criticized and classified credits.
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 and presentations for internal and external parties
Partner with Senior Director to coordinate and handle mortgage compliance, data input, and information integrity.
Work with Senior 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.
Assist with loan asset management and servicing matters including payoffs, prepayments, estoppels, lease reviews, SNDAs, reserves, escrows, draw requests, cash management, easements, financial reporting, inspections, post-closing items, and borrower requests.
Orders and reviews field audits and related 3rd party reports, as needed
Participates in team sales and administrative meetings
Keeps abreast of market and industry trends
Performs property inspections and completes property inspection reports.
Attention to Detail, thinking ahead mentality
Strong organizational skills with a high attention to detail and an ability to proactively manage multiple priorities simultaneously.
Significant experience using MS Word, Excel and PowerPoint. +5-year experience in Commercial Real Estate Asset Management