Portfolio Manager, Construction and Rehab

Arbor Realty Trust • Buffalo, NY

4h • $70,000 - $90,000

About The Position

The Portfolio Manager – Construction and Rehab will be responsible for the performing agency portfolio consisting of Fannie Mae, Freddie Mac, HUD, and conduit loans with a large holdback component (in excess of $250k and/or an aluminum wiring abatement requirement) and will assess portfolio quality, identify areas of risk, evaluate long-term viability and performance, and proactively mitigate potential loss. Additionally, this position is responsible for ensuring Completion and Immediate repairs, Capital Improvements, Rehabilitation and Re-stabilization components are completed in a timely and satisfactory manner.

Requirements

• Bachelor’s degree in Construction Management, Real Estate, Engineering, Finance, Business Administration or related field preferred.
• Minimum of three (3) years Construction Management or related experience with an emphasis on large construction and development projects.
• Exposure to real estate, risk and financial analysis, valuation of commercial real estate properties, underwriting or asset management, client relationship management, distressed loan workouts, capital markets and property rehabilitation
• Basic knowledge of building types, building construction and maintenance
• Experience with budget & milestone/schedule development, project management and tracking
• Strong written, spoken, presentation, and organizational skills
• Intellectual agility and interpersonal flexibility to collaborate successfully with internal and external partners
• Strong work ethic, the ability to prioritize competing work assignments and meet deadlines
• Advanced Microsoft Office Skills

Nice To Haves

• Loan servicing system experience a plus

Responsibilities

• Monitor quality and performance of an assigned commercial loan portfolio.
• Review contracts, contractor requisitions, change order and draw requests.
• Ensure borrower adherence to budget, schedule, and design goals. Review process extension and/or change requests where necessary to ensure adherence to loan documents and investor requirements.
• Request and review documentation relative to any Escrowed Reserves including Replacement Reserves, Completion and Immediate Repairs, Capital Improvements, Rehabilitation, and Re-stabilization Reserves to determine and recommend release of funds.
• Loan document review and interpretation.
• Identify areas of risk and evaluate long term viability of loans.
• Responsible for completing quarterly financial analyses to evaluate projects performance and discuss with borrowers any substantial variances noted.
• Conduct physical property inspections, as required by the investor, in order to evaluate property condition, ensure completion of Completion and Immediate repairs, Capital Improvements, and Re-stabilization items and follow up on any deferred maintenance observed.
• Complete risk ratings as a means to proactively mitigate potential risk associated with each asset within the portfolio.
• Responsible for ensuring loans meet standards relative to final disbursements this may include Occupancy and EGI minimums.
• Request and review documentation relative to any reallocation requests, insurance losses, easements, partial releases and any other issues that may arise to determine and recommend release of funds.

Benefits

• Arbor Realty Trust, Inc. offers a competitive base salary and discretionary bonus.
• Employees are eligible for a discretionary bonus based on employee work performance reviewed during the course of the year.
• The total compensation package for this position will also include other elements, a full range of medical, and/or other benefits including 401(k) eligibility and paid time off benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 501-1,000 employees