Asset Manager - Asset Management

JLL•Tampa, FL

5d•$85,000 - $120,000•Onsite

About The Position

JLL empowers you to shape a brighter way. Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward. The Asset Manager role will be responsible for tracking and review of all Asset Management-related duties for a defined Fannie Mae portfolio of Borrower and Production Officer relationships. Time management, organization and attention to detail will be applied independently at all times to ensure exceptional customer service is provided to both internal and external clients (including Borrowers, Production Officers and Lender). Proactive asset management of a defined portfolio will ensure internal and external due dates are consistently met for all loan covenants, Borrower requests and periodic reporting requirements. The Asset Manager will keep management informed of any elevated risk or potential events of default, as necessary. Recommendations for mitigating potential risk will be made based on research, due diligence reviews and prior industry experience. The Asset Manager will foster strong working relationships with Asset Management Analysts to improve their commercial real estate knowledge.

Requirements

Undergraduate degree with a minimum of 5-7+ years in Real Estate, Finance or Accounting related fields.
Strong Microsoft Excel and Word proficiency
Strong organizational skills and time management skills with the ability to operate under demanding deadlines
Ability to multitask and work on several transactions simultaneously
Ability to recognize risk
Excellent attention to detail
Ability to work independently and in teams
Ability to travel as needed
Candidates must be authorized to work in the United States without employer sponsorship.

Responsibilities

Actively monitor all aspects of property level risk using both internal and external sources for your assigned portfolio of Fannie Mae loans
Provide excellent customer service to external and internal clients, including Borrowers, by providing prompt responses to inquiries and being the primary point of contact to Borrowers.
Identify risk factors and trends and accurately memorialize these issues and a plan of action to address for Lender review
Review and approve annual and quarterly financial statements for assigned portfolio within a specified period.
Conduct and review/approve annual property inspections nationwide (as required) and follow up on any deferred maintenance and other noted issues during the site visit
Proactively analyze assigned portfolio to identify potential refinancing opportunities and provide recommendations to the Production team
Make recommendations to elevate materially declining loans or breach of loan covenants
Monitor watchlist loans and provide updates to leadership during monthly watchlist meetings
Frequent communication with clients regarding operational, physical, economic and loan covenant issues
Properly document loan dynamics, property findings and trends in accordance with JLL best practices
Review and approve releases from all escrows to include: replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practices
Process property management changes and monitor insurance losses.
Review the onboarding of new loans into our primary Servicing system
Monitor Special Request processing with Transaction Management team on all client requests such as transfers, easements, partial releases, etc. including review and submission of overflow lender consents as needed