Associate Asset Manager
About The Position
Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate. May possess a working knowledge of commercial real estate, industry terminology and real estate capital markets. Responsible for monitoring and reporting on watch list assets. Reviews financial statements, loan covenants, market, and economic data to determine the economic and/or compliance impact. Assesses property inspections for watch lists determinations and further escalation to internal partners. Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures. May interact with external parties which include internal and external legal counsel, rating agencies, special servicers, and investors. Collaborates effectively with internal business partners to aid with cross-departmental decision making.
Requirements
- Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
- Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Bachelors degree
- No Required Certification(s)
- No Required License(s)
- This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
Nice To Haves
- May possess a working knowledge of commercial real estate, industry terminology and real estate capital markets.
Responsibilities
- Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate.
- Responsible for monitoring and reporting on watch list assets.
- Reviews financial statements, loan covenants, market, and economic data to determine the economic and/or compliance impact.
- Assess property inspections for watch lists determinations and further escalation to internal partners.
- Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures.
- May interact with external parties which include internal and external legal counsel, rating agencies, special servicers, and investors.
- Collaborates effectively with internal business partners to aid with cross-departmental decision making.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
