Asset Manager

Responsibilities

• Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans
• Serve as the responsible party for all related deliverables or communications between internal and external customers
• Monitor borrower compliance with loan documents to ensure loan covenant compliance requirements are managed effectively
• Work with borrowers, property management agents, and external and internal parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults
• Solicit property operating statements and perform financial statement analysis
• Prepare action plans and/or recommendations on troubled assets for presentation to senior management and investors
• Perform and/or review property site inspections to ensure appropriate maintenance practices by borrowers (as required)
• Prepare risk rating recommendations and transfer recommendations for assets within the assigned portfolio
• Assist with routine borrower consent requests within the assigned portfolio (as required)
• Other responsibilities and duties as assigned

Qualifications

• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or a minimum of 2-3 years of experience in multifamily real estate with emphasis on risk/financial analysis, valuations, relationship management, workouts, capital markets, or asset management
• Experience working with Fannie Mae and/or Freddie Mac multifamily loans is a plus
• Firm understanding of the multifamily market to identify softening and deterioration across an assigned portfolio
• Familiarity with third-party reports such as Physical Condition Assessments, Appraisals, and Broker Opinions of Value
• Proficiency in Microsoft Office products including Word and Excel
• Familiarity with Microsoft Dynamics is a plus
• Good organizational skills
• Strong verbal and electronic communication skills
• Self-motivated and able to work independently or as part of a team
• Strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals

Pay

Salary range: $85,000 to $110,000

Schedule

Hybrid work arrangement with 2 days in the office and 3 days remote.

Benefits

• Medical Insurance
• Fertility and Family Building Insurance
• Vision and Dental Insurance
• Health Savings Account
• Tuition Assistance
• Leadership Development Programs
• 401k Match Program
• Life, AD&D, Long and short-term disability benefits
• PTO
• 10 Company Holidays
• Paid Parental Leave Program
• Employee Assistance Program