Asset Manager
About The Position
Are you passionate about preserving the value of multifamily housing and ensuring the success of mortgage loans? We are looking for a dedicated and skilled Asset Manager to join our Agency (Freddie Mac) team. This role is not just a job; it's an opportunity to make a real impact in the community and work with finance professionals. As an Asset Manager, you will collaborate closely with our Asset Management team, borrowers, lenders, and government agencies to ensure the financial health and value of multifamily properties. Your role will be pivotal in maintaining the integrity of our mortgage loan portfolio and fostering strong relationships with all stakeholders.
Requirements
- At least 5 years of relevant experience in multifamily agency real estate asset or portfolio management, or commercial mortgage servicing.
- A bachelor’s degree in banking, finance, real estate, or a related field is required.
- Ability to manage multiple assignments and meet tight deadlines.
- Strong analytical, oral, and written communication skills.
- Effective coordination and relationship-building abilities.
- A creative and flexible approach to problem-solving and organizational challenges.
Nice To Haves
- A commercial real estate background is highly desirable.
Responsibilities
- Financial Oversight: Monitor and track the receipt of monthly and quarterly financial reports to ensure timely and accurate data.
- Documentation Management: Ensure all necessary documentation is filed correctly and that tracking logs are up to date.
- Property Inspections: Identify properties that require inspections or interim PCAs at least monthly and engage third-party vendors through competitive bidding. Negotiate contract terms to secure the best deals.
- Financial Analysis: Analyze and report on the financial performance of an assigned portfolio of loans, providing insights and recommendations.
- Compliance and Reporting: Ensure all documentation is saved in each property’s servicing file and that all reports are submitted to Freddie Mac on time.
- Risk Management: Perform ongoing asset management and surveillance activities to identify, monitor, rate, and mitigate financial, credit, operational, physical, ownership, and market risks.
- Borrower Communications: Coordinate ad hoc communications with borrowers to address their needs and concerns.
- Data Quality Control: Work with all Asset Managers to ensure the highest standards of data quality.
- Financial and Inspection Submissions: Coordinate the submission of financial and inspection reports for all loans.
- Internal Audit Coordination: Collaborate with Internal Audit on annual reporting and compliance.
- Process Improvement: Assist with the development and enhancement of systems and processes to improve efficiency and effectiveness.
Benefits
- BWE offers a highly competitive benefits package including medical, dental, vision, paid time off, 401k match, paid parental leave, education assistance and so much more!
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
101-250 employees
