Senior Asset Manager - Special Assets

Essential Functions

• Review annual and quarterly financial statement analyses for multifamily and senior housing properties identifying individual property and portfolio level trends
• Perform property inspections nationwide (requires about 25% travel), complete inspection reports, and make risk mitigating recommendations to reduce financial, operational, and reputational risks for the lenders
• Analyze trouble assets, including non-performing and distressed properties to determine appropriate next steps
• Manage a portfolio of high-risk loans, monitoring performance and implementing risk mitigation strategies
• Regularly review risk ratings on properties using both an internal matrix and various agency guidelines
• Consistently review and analyze portfolio level data to identify emerging risks both at the individual deal level as well as portfolio level
• Recommend transition to and from Special Assets when it is apparent that a property has materially declined or improved
• Review and approve replacement reserve disbursement requests based on property condition and future capital needs
• Review and approve releases from other escrows including repairs, insurance loss, rental achievement, etc.,
• Understand and assist in the review of special requests such as transfers, easements, partial releases, management changes, insurance losses, etc. on high-risk loans
• Prepare analyses and reports as required by Fannie Mae, Freddie Mac, and JLL for Special Assets
• Identify and evaluate troubled markets and sub-markets and communicate findings to internal and external stakeholders
• Identify and evaluate trends in actual property operations compared to underwritten property operations
• Use technology and other available tools to identify potential mortgage fraud
• Attend industry conferences and calls to stay apprised of new developments
• Absorb and assist in the development and writing of internal policies and procedures, as required

Qualifications

• Strong analytical and financial modeling skills
• Knowledge of real estate markets, valuation methodologies, and loan structures
• Strong Microsoft Excel and Word proficiency
• Strong math, verbal, writing, and organizational skills
• Strong time management skills and ability to operate under demanding deadlines
• Able to multitask and work on several transactions simultaneously
• Able to recognize and mitigate risk
• Excellent attention to detail
• Able to work independently and in teams
• Able to travel as needed