Loan Surveillance Analyst II

Northmarq•Minneapolis, MN

1d•$70,000 - $85,000•Hybrid

About The Position

Northmarq is seeking an experienced Surveillance Analyst II based in its Bloomington, MN office. This position requires a deadline-driven, service-focused and detail-oriented individual who would be responsible for financial statement and rent roll analysis, property inspection review, watchlist monitoring, reserve disbursements, and other loan surveillance tasks for the Portfolio & Asset Management Department. Additional responsibilities may be added to align with department strategies and objectives. This role supports a flexible schedule that prioritizes in‑office teamwork, with flexibility for remote work when appropriate.

Requirements

Associate's or bachelor’s Degree, preferably in the business, finance, or accounting area.
2 to 4 years of experience in finance or accounting preferred.
Proficient knowledge in the use of in Microsoft Outlook, Excel, and Word
Ability to identify and analyze collateral risk
Good verbal and written communication skills
Ability to work efficiently in a fast-paced environment while meeting critical deadlines.
Strong organizational skills, detail-oriented with a strong emphasis on accuracy and data integrity.
Demonstrated work ethic and willingness to work extended hours when necessary
Problem-solving skills to reflect the level of responsibilities
Ability to maintain sensitive and confidential information

Responsibilities

Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
Plan and manage own workload to efficiently meet benchmarks within the department.
Review and assess commercial property inspections to identify risk in accordance with lender requirements.
Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Life Insurance Company, Freddie Mac, Fannie Mae, Conduit Lenders and other investors.
Review and analyze financial covenants, trigger events, and DSCR tests.
Follow up with borrowers and management companies regarding variances and general income and expense questions.
Review and make recommendations for releases from reserve accounts for capital replacements and tenant improvements and leasing commission expenses.
Monitor maturing loans and provide the required notices to borrowers.
Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
Conduct loan surveillance through borrower/lender interaction and property analysis.
Perform other reasonable tasks/projects as assigned within the department.