Asset Manager - Grandbridge Real Estate Capital

Truist • Atlanta, GA

5d

About The Position

The Asset Manager performs and supervises loan administration duties for commercial mortgage loans on behalf of the lender, with a particular focus on income-producing real estate collateral. The role supports borrower requests and the general enforcement of loan requirements. It involves analyzing and reviewing property and sponsor financial information, inspecting collateral, underwriting borrower requests, managing reserve and insurance proceeds, addressing delinquent payments, maintaining loan records, and monitoring borrower compliance and asset risk.

The position also supervises and trains Asset Analysts, assists management with process improvements, and supports regulatory and contractual compliance within the department. The role is regular, requires English fluency, is listed as first shift, and may involve occasional overnight travel.

Requirements

• Bachelor’s degree or equivalent education and related training.
• Five years of commercial real estate experience, 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 efficiently.
• Intermediate-level skills with Microsoft Excel and Microsoft Word.
• Basic-level skills with Adobe Acrobat, including creation and manipulation of 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

• Produce, review, correct, and approve analyses of operating statements and related financial statements for commercial income-producing properties and sponsors, including researching variances and adjusting statements to lender requirements.
• Perform or review third-party property inspections; verify collateral maintenance, identify life-safety issues and deferred maintenance, and submit inspection reports to the lender within required 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 related work and approve fund releases within authorized limits.
• Analyze and process borrower requests for releases from reserve accounts and repair or improvement holdbacks; review related work and approve fund releases within authorized limits.
• Analyze and support processing of complex insurance-loss proceeds; prepare and review recommendations for disposition according to loan documents and lender or investor requirements, and 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 and report delinquencies to the appropriate investor or lender.
• Maintain accurate and timely loan servicing system records for loan accounting, collateral, borrowers, and other relevant information; review and approve related work by department members.
• Identify and confirm borrower breaches of loan-document requirements, report findings, and mentor and train department members in interpreting loan covenants.
• Analyze asset performance, recommend loan risk grades, maintain the watch list, and participate in presenting new grade recommendations to management.
• Supervise and train Asset Analysts.
• Assist management with implementing process improvements and ensuring regulatory and contractual compliance within the department.

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 based on hire date and full-time or part-time status
• 10 sick days, prorated
• Paid holidays
• Depending on the position and division, the job may also be eligible for a defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

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