Asset Manager - Grandbridge Real Estate Capital

Truist Bank • Homewood, AL

6d

About The Position

Perform and supervise loan administration duties for commercial mortgage loans on behalf of the lender, with a particular focus on income-producing real estate collateral. Support the processing of borrower requests and enforcement of loan requirements. The role analyzes property and sponsor financial statements, inspects collateral, underwrites borrower requests, processes reserve and insurance proceeds, monitors delinquencies and loan records, and evaluates asset performance and risk. It also supervises and trains Asset Analysts, supports process improvements, and helps ensure regulatory and contractual compliance.

Requirements

• Bachelor’s degree or equivalent education and related training.
• Five years of commercial real estate experience, including at least three years in finance.
• Good written and verbal communication skills.
• Ability to travel, occasionally overnight.
• Ability to produce accurate work efficiently and consistently.
• Strong working knowledge of loan accounting concepts, including interest accrual methodologies and amortization.
• Ability to read and comprehend most provisions of common commercial real estate loan documents.
• Ability to compose accurate and effective reports and written recommendations to lenders.
• Intermediate-level skills with Microsoft Excel and Microsoft Word.
• Basic-level skills with Adobe Acrobat, including creating and manipulating PDF files.

Nice To Haves

• Master of Business Administration from an accredited college or university, or equivalent experience.
• Experience with commercial property management.
• Superior working knowledge of commercial lending programs of life insurance company lenders, Fannie Mae, Freddie Mac, and CMBS conduits, including servicer roles and responsibilities.
• Experience in commercial mortgage loan underwriting.
• Superior ability to analyze commercial property operating statements.
• MBA or GSE certification in commercial property inspections.
• Strong working knowledge of commercial building construction and construction lending.
• Good working knowledge of real estate law concepts and their practical application.

Responsibilities

• Produce, review, correct, and approve analyses of operating statements and related financial statements for commercial income-producing properties and sponsors, including researching variances and making adjustments as required by lenders.
• Perform or review third-party property inspections; verify collateral maintenance, identify life-safety issues and deferred maintenance, and deliver inspection reports by lender deadlines.
• Analyze, underwrite, and recommend action on borrower requests, including loan modifications, collateral releases, prepayment, maturity extensions, sales or assumptions, and tenant lease consents; review related work and approve fund releases within policy limits.
• Analyze and process requests to release funds from reserve accounts and repair or improvement holdbacks; review related work and approve releases within policy limits.
• Analyze insurance loss claims, recommend disposition of proceeds according to loan documents and lender or investor requirements, review recommendations, and approve dispositions within authorized limits.
• Work with property managers, borrowers, and paying agents to collect delinquent loan payments and report delinquencies; prepare demand letters and notices of default for review and direct internal accounting for suspense and unapplied funds.
• Maintain accurate and timely loan servicing system records for loan accounting, collateral, borrowers, and other relevant information; review and approve related work by department members.
• Identify, confirm, and report borrower breaches of loan-document requirements, and mentor and train department members in interpreting loan covenants.
• Analyze asset performance and recommend loan risk grades and watch-list updates; participate in presenting grade recommendations to management.
• Supervise and train Asset Analysts.
• Assist management with implementing process improvements.
• Assist management in ensuring regulatory and contractual compliance within the department.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment coverage
• Tax-preferred savings accounts
• 401(k) plan
• At least 10 days of vacation during the first year, prorated as applicable
• 10 sick days, prorated as applicable
• Paid holidays
• Depending on position and division, possible defined benefit pension plan, restricted stock units, and/or deferred compensation plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level