Asset Manager - Surveillance

Greystone•Atlanta, GA

20d

About The Position

Greystone is seeking an Asset Manager to join its Fannie Mae/Freddie Mac Asset Management team. The role monitors risk across a portfolio of performing and watchlist-rated multifamily loans and works with borrowers and property management agents to identify and develop solutions for emerging risks. The successful candidate is self-motivated, detail-oriented, and knowledgeable about real estate markets, particularly multifamily assets. The Asset Manager manages related deliverables and communications with internal and external customers; monitors borrower compliance with loan documents and covenants; analyzes property operating statements and financial information; and prepares recommendations and action plans for troubled assets. The role may also include property site inspections, risk-rating and transfer recommendations, and assistance with borrower consent requests.

Requirements

Bachelor’s degree in Finance, Real Estate, Accounting, or Economics, and/or a minimum of 2–3 years of multifamily real estate experience in areas such as risk or financial analysis, valuations, relationship management, workouts, capital markets, or asset management.
Understanding of loan documentation and real estate on a business level.
Firm understanding of the multifamily market and ability to identify softening and deterioration across an assigned portfolio.
Familiarity with third-party reports such as Physical Condition Assessments, appraisals, and Broker Opinions of Value.
Proficiency in Microsoft Office products, including Word and Excel.
Good organizational skills.
Strong verbal and electronic communication skills.
Self-motivation when working independently or as part of a team.
A strong sense of urgency in solving problems, meeting challenging deadlines, and achieving critical goals.

Nice To Haves

Experience working with Fannie Mae and/or Freddie Mac multifamily loans.
Familiarity with Microsoft Dynamics.

Responsibilities

Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans.
Serve as the responsible party for related deliverables and communications between internal and external customers.
Monitor borrower compliance with loan documents and manage loan covenant compliance requirements effectively.
Work with borrowers, property management agents, and internal and external parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults.
Solicit property operating statements and perform financial statement analysis.
Prepare action plans and recommendations on troubled assets for presentation to senior management and investors.
Perform or review property site inspections, as required, to assess borrower maintenance practices.
Prepare risk rating and transfer recommendations for assets in the assigned portfolio.
Assist with routine borrower consent requests within the assigned portfolio, as required.
Perform other responsibilities and duties as assigned.