Asset Manager - Grandbridge Real Estate Capital

Truist Bank • Leawood, KS

4d

About The Position

Perform and supervise loan administration duties for commercial mortgage loans on behalf of the lender, with particular focus on income-producing real estate collateral. Support processing borrower requests and enforcement of loan requirements. The role includes analyzing property and sponsor financial statements, reviewing property inspections, underwriting borrower requests, administering reserve and insurance proceeds, managing delinquencies and loan records, identifying covenant breaches, and assessing asset performance and loan risk. The Asset Manager also supervises and trains Asset Analysts, supports process improvements, and assists with regulatory and contractual compliance.

Requirements

• Bachelor’s degree or equivalent education and related training.
• Five years of experience with commercial real estate, 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 servicers’ roles and responsibilities.
• Experience in commercial mortgage loan underwriting.
• Superior ability to analyze commercial property operating statements.
• Commercial property inspection certification from the MBA or GSEs.
• Strong working knowledge of commercial building construction and construction lending.
• Good working knowledge of real estate law concepts and their practical application.

Responsibilities

• Analyze operating statements and related financial statements for commercial income-producing properties and sponsors, investigate variances, and adjust statements as required by lenders.
• Review, correct, and approve operating statement analyses.
• Conduct or review third-party property inspections; verify collateral maintenance and identify life-safety issues and deferred maintenance; prepare and submit reports by lender deadlines.
• Analyze, underwrite, and recommend action on borrower requests, including loan modifications, collateral releases, prepayments, maturity extensions, sales or assumptions, and tenant lease consents; review and correct related work product.
• Approve fund releases within the limits set by company policies and procedures.
• Analyze and process requests to release funds from reserve accounts and repair or improvement holdbacks; review and correct related work products.
• Analyze and support processing of complex insurance loss claims; recommend disposition of insurance proceeds according to loan documents and lender or investor requirements; 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 lender or management review.
• Direct appropriate departments in accounting for suspense and unapplied funds.
• Maintain accurate loan servicing system records, including loan accounting, collateral, and borrower information; review and approve related work by department members.
• Identify and confirm suspected borrower breaches of loan document requirements and report confirmed breaches.
• Mentor and train department members in interpreting loan covenants.
• Analyze asset performance and recommend loan risk grades; participate in presenting new grade recommendations and maintaining the watch list.
• Supervise and train Asset Analysts.
• Assist management with process improvement measures and with ensuring regulatory and contractual compliance.

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
• May be eligible for a defined benefit pension plan, restricted stock units, and/or deferred compensation plan, depending on position and division

What This Job Offers

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