Asset Manager, Surveillance

Surveillance Responsibilities

• Perform surveillance, risk assessment, and ongoing risk management for assigned loans, including reporting results to loan investors
• Conduct quarterly and annual financial analysis (collect financials, review statements, summarize findings, propose solutions)
• Manage loans on the internal watch list, including developing quarterly action plans, creating and maintaining monthly watch list comments, and presenting recommendations to senior management
• Manage and review third-party inspection reports and make recommendations based on results
• Cook up and coordinate annual property inspections with third-party vendors and follow up with borrowers to develop a course of action
• Monitor repair, completion, and other special escrows and prepare recommendations for disbursements
• Draft and distribute Reservation of Rights letters and implement default remedies as required
• Review and revise compliance of Letters of Credit as necessary
• Aid in market research and portfolio-level monitoring initiatives

Shared Asset Management Responsibilities

• Communicate with clients to determine appropriate loan arrangements and provide responsive customer support
• Monitor borrower compliance with loan documents and inform management of risks or emerging issues
• Collaborate and problem-solve daily with teammates, clients, vendors, and other stakeholders
• Aid in data automation and process improvement initiatives within the Asset Management department
• May manage Credit Facility loans for compliance and process related transactions including collateral changes
• Prepare and finalize narratives for partnership interest transfers and post-closing items such as easements, partial releases, condemnations, or management changes
• Perform inspections for multifamily assets in various locations
• Travel as needed for inspections, meetings, or portfolio responsibilities

Education And Experience

• Bachelor's degree in economics, business, finance, or a related field
• 3+ years of experience in Asset Management required
• Demonstrated knowledge of Fannie Mae and Freddie Mac servicing guide requirements