Asset Manager

BWE•Cleveland, OH

About The Position

The Asset Manager works with all Asset Management team members as well as borrowers, lenders, local, state and federal government agencies to preserve the value of the multifamily housing by collateralizing those Mortgage Loans BWE is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes BWE a place of growth, productivity, and ingenuity.

Requirements

Minimum 3 years of relevant experience in real estate asset / portfolio management, finance, or mortgage servicing
Undergraduate business degree in general accounting, banking, finance, real estate, or relatable field is required.
Ability to manage multiple assignments, meet tight deadlines, coordinate, and communicate effectively and cultivate new and existing relationships.
Good analytical, oral, and written communication and presentation skills.
Ability to work effectively in a diverse environment.
Good oral and written communication skills.
Creative and flexible approach to problem solving and organizational challenges.

Nice To Haves

Commercial real estate background desirable.

Responsibilities

Monitor and track receipt of monthly/quarterly financials.
Confirm all documentation is filed appropriately and tracking logs are updated.
Identify Properties requiring a Property Inspection or interim PCA at least monthly and engage third party vendors through competitive bidding and negotiate contract terms.
Analyze and report on financial performance for an assigned portfolio of Loans.
Ensure (i) all documentation is saved in each Property’s Servicing File, and (ii) all reports are submitted to Fannie Mae on a timely basis.
Perform ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical, ownership and market risks impacting the multifamily properties collateralizing the portfolio, as assigned.
Coordinate ad hoc Borrower communications.
Coordinate data quality control with all Asset Managers.
Coordinate financial and inspection submissions for all TEAM Loans.
Coordinate with Internal Audit on annual reporting and compliance.
Assist with systems development and process improvement efforts.