Agency Asset Manager I - Criticized Assets

Capital One•McLean, VA

About The Position

Agency Asset Manager I - Criticized Assets The Principal Associate plays a key role responsible for managing all aspects of an assigned portfolio of multifamily agency loans, with primary focus on monitoring risk while providing exceptional customer service. This position will be a member of the Agency Finance Asset Management team, primarily focused on Fannie Mae loans. Responsibilities: Manage a portfolio of distressed multifamily agency assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics. Present to executive leadership, and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements Monitor monetary and non-monetary defaults and take swift action to mitigate risk Prepare property and loan level valuations using various valuation methodology such as discounted cash flows, direct capitalizations, and have discussion with appraisers and brokers for value opinions Participate in monthly loan risk rating process using Capital One proprietary systems Analyze financial statements and property operating statements Conduct property inspections Review reserve draws Process lender consent requests, including related review of loan documents and other agreements Manage client relationships, providing excellent customer servicing while enforcing loan document/lender requirements Comply with all Investor monitoring and reporting requirements

Requirements

Bachelor’s Degree or military experience
At least 2 years of experience in commercial real estate
At least 2 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience

Nice To Haves

Bachelor's Degree in Business, Finance, or Economics
At least 4 years of experience in commercial real estate
At least 3 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience
At least 3 years of experience with loan asset management
At least 2 years of GSE property management experience
Highly developed analytical skills including the ability to create complex spreadsheets and financial analyses
Proficiency in analyzing property operating statements, rent rolls, and borrower financial statements and in modeling complex financial scenarios
Strong written and oral communication skills
High level of proficiency in Microsoft Office or Google Suite (Excel, Word, PowerPoint)

Responsibilities

Manage a portfolio of distressed multifamily agency assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.
Present to executive leadership, and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements
Monitor monetary and non-monetary defaults and take swift action to mitigate risk
Prepare property and loan level valuations using various valuation methodology such as discounted cash flows, direct capitalizations, and have discussion with appraisers and brokers for value opinions
Participate in monthly loan risk rating process using Capital One proprietary systems
Analyze financial statements and property operating statements
Conduct property inspections
Review reserve draws
Process lender consent requests, including related review of loan documents and other agreements
Manage client relationships, providing excellent customer servicing while enforcing loan document/lender requirements
Comply with all Investor monitoring and reporting requirements