Asset Manager - Surveillance

Primary Duties And 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).

Experience, Skills, And Abilities Required

• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or a minimum of 2-3 years of experience in multifamily real estate with an 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.
• Exhibit self-motivation whether working independently or as part of a team.
• A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.

Purpose

At Greystone, everything we do is driven by our purpose of improving others’ lives. We don’t just say “Where People Matter” – we lead with this mantra every day to guide our actions and behaviors.