Multifamily Senior Asset Manager - Lead Associate, Watchlist Management

Fannie Mae • Plano, DC

2d • $123,000 - $161,000 • Hybrid

About The Position

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home. Job Description As a valued colleague on our Multifamily Watchlist Management team, you will provide expert advice on, and manage the administration, strategic planning, risk management and reporting of an assigned portfolio. THE IMPACT YOU WILL MAKE The Multifamily Senior Asset Manager - Lead Associate, Watchlist Management role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities: Support a portfolio's vision and strategic objectives. Evaluate, document, and communicate risk of a portfolio of assigned Watchlist loans, while complying with governance and controls. Engage with internal and external stakeholders (i.e. Servicers) to obtain information to support the analysis of the performance of the underlying collateral and Sponsor. Understand the Sponsors’ and Servicers’ risk management strategies and effectiveness. Lead portfolio progress analysis and enact changes, along with reporting portfolio performance to key stakeholders. Provide Servicer feedback to the Servicer and internal stakeholders. Assist with special projects as assigned.

Requirements

• 4 years of Multifamily or Commercial Real Estate experience, preferably in Asset Management or Underwriting.
• Prior experience conducting detailed analysis of troubled multifamily or commercial real estate assets including reviewing loan agreements and related loan documents and Servicer reporting deliverables (i.e. property financials, inspections, late payments).
• Strong analytical and financial analysis skills.
• Ability to assess risks and their impacts to the property’s risk rating.
• Ability to assess and understand the Sponsors’ or Servicers’ risk mitigation strategies.
• Strong verbal and written communication skills.
• Experience developing presentations and reports for internal stakeholders.
• Ability to work independently, but also collaboratively across the Watchlist Management team and other teams, when needed.
• Strong multi-tasking skills.
• Strong relationship management skills.
• Skilled in Microsoft Applications (Word, Excel, PowerPoint, Access, and Teams).

Nice To Haves

• Bachelor’s degree or equivalent

Responsibilities

• Support a portfolio's vision and strategic objectives.
• Evaluate, document, and communicate risk of a portfolio of assigned Watchlist loans, while complying with governance and controls.
• Engage with internal and external stakeholders (i.e. Servicers) to obtain information to support the analysis of the performance of the underlying collateral and Sponsor.
• Understand the Sponsors’ and Servicers’ risk management strategies and effectiveness.
• Lead portfolio progress analysis and enact changes, along with reporting portfolio performance to key stakeholders.
• Provide Servicer feedback to the Servicer and internal stakeholders.
• Assist with special projects as assigned.

What This Job Offers

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