AVP, Portfolio Management

SitusAMC • Plymouth Mtng, PA

260d • $85,000 - $110,000

About The Position

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve. At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local - come join our team! Working alongside the Senior Asset Managers, this position will have day-to-day management of a diverse portfolio of loan and debt financings including construction/renovation loans, syndications, CMBS, secured and unsecured debt transactions, multi-currency, and project financings.

Requirements

• Bachelor's degree (accounting, business, finance, real estate) or equivalent combination of education and experience strongly preferred.
• Minimum of 6+ years of industry and/or relevant experience, typically with 1+ years in a Senior Associate level role or external equivalent.
• Strong analytical, problem solving and computer skills with a thorough knowledge of excel.
• Excellent written, verbal and electronic communication skills with attention to detail.
• Work in a team environment yet think independently and generate quality work product with little supervision.
• Manage multiple priorities and meet multiple deadlines.
• Ability to approach work from more of a 'transaction' basis versus 'task' basis.
• Understanding of real estate finance including debt and equity structures.
• Excellent reading and comprehension skills.
• Ability to communicate effectively both written and verbal.
• Analytical skills to understand complex commercial loan documents.
• Strong organizational and time management skills.
• Understanding of 3rd party reports including appraisals, property condition reports, and environmental reports.
• Ability to work in fast-paced environment running multiple tasks under tight deadlines.
• MS Office Suite including Outlook, Excel, Power Point and Word.
• MS Excel - Beginner to intermediate.

Responsibilities

• Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors and Client.
• Proficient in reviewing and tracking construction progress reports, third party inspection reports, and title updates to verify draw eligibility and identify project risks or delays.
• Preparing and maintaining detailed draw schedules and funding logs, ensuring accurate record-keeping and alignment of disbursements with approved project budgets and loan agreements.
• Analyzing and interpreting loan documents and providing advice and direction to the Asset Management Team and Loan Operations teams.
• Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future funding.
• Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration.
• Monitoring of construction loans including review of budgets, back-up documentation, title updates, and inspection reports.
• Periodic travel to inspect construction projects.
• Performing monthly waterfall calculations including the monitoring of income, operating budgets and leasing status.
• Coordinate new portfolio and new loan servicing including collection of all necessary loan documents, obtaining contact information for all relevant parties and ensuring accurate boarding in the loan servicing system.
• Reconcile and review various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Hanover's high standards are achieved in terms of quality, accuracy and completeness.
• Update and monitor loan specific information in the loan servicing system.
• Flexibility in schedule with respect to meeting time sensitive client needs.
• Ability to work independently on projects and collaborate ‘face to face' as a team player.
• Handle the collection and remittance of payments.
• Verification and payment of taxes and insurance.
• Calculating property/unit release prices and monitoring releases.
• Portfolio reporting.
• Coordination with asset managers and borrowers.
• Such other activities as may be assigned by your manager.

Benefits

• PTO and paid holidays.
• Medical, dental, vision, life, disability insurance.
• 401K.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Real Estate
• Education Level: Bachelor's degree