SVP, Asset Management - Sponsor Loans

Responsibilities

• Oversight of underwriting and structuring of new loan opportunities.
• Ongoing asset management of the portfolio.
• Managerial oversight of a small team.
• Leading, managing, and developing the team.
• Maintaining oversight of internal and external stakeholder relationships.
• Proactively monitoring and managing the ongoing risks in the portfolio.
• Effectively communicating with stakeholders.
• Enhancing existing policies, procedures, and tools.
• Escalating issues through the monthly Escalation Meeting and presenting to Credit Committee and executive management team.
• Assisting with determining best practices for a growing product offering and providing feedback on resource and technology needs.
• Collaborating with other departments to address deal-specific and common theme issues and “lessons learned”.
• Leading special projects as requested.

Requirements

• Underwriting of new loan opportunities.
• Managing borrower relationships on a portfolio of secured and unsecured loans.
• Setting up and maintaining detailed loan files for adequate tracking of funding requirements, disbursements, and repayments.
• Maintaining sufficiency of collateral structures such as pledges of ownership, cash flow, developer fees, and business assets.
• Timely and accurate completion of quarterly financial analysis, loan grading, and covenant testing.
• Conducting credit analysis for loan extensions and modifications.
• Participating in Loan Review Memo presentation calls for new deals.
• Evaluating the sufficiency of risk rating methodology.
• Developing team infrastructure, technology platforms, policies, procedures, and staffing plans.
• Providing input on best practices for a growing product offering.
• Collaborating with other departments to address deal-specific and common theme issues and “lessons learned”.
• Leading special projects as requested.

Qualifications

• Minimum 10 years of relevant experience.
• Experience structuring, underwriting, or managing secured and unsecured structured loans, including real estate mortgages.
• Prior asset management and underwriting experience required.
• An organized, detailed-oriented approach to work balance with a personable demeanor.
• Effective problem-solving skills with a self-start mentality.
• Excellent written and verbal communication skills with an ability to actively listen and respond appropriately.
• Strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.
• A minimum of a Bachelor's degree in finance, accounting, real estate, or a related field.

Benefits

Mercers offers a comprehensive package of benefits for eligible employees, including:

• 401(k) employer contributions
• Employee Stock Ownership Plan (ESOP)
• Medical, dental, and vision insurance
• Variety of types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability
• Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Dependent Care and Commuter Reimbursement Accounts, Employee and Dependent Life Insurance, Supplemental Life and AD&D Insurance
• Telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program

About Merchants Capital

Mercers is a proven leader in financing for multifamily housing nationwide. With licenses from Fannie Mae, Freddie Mac, and HUD/FHA, we offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Mercers pairs its comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more, visit www.merchantscapital.com.