Senior Asset Manager - Special Assets

JLL•Tampa, FL

4d•$100,000 - $125,000•Onsite

About The Position

The Senior Asset Manager – Special Assets must demonstrate attention to detail, organization, analytical orientation, risk mitigation, and possess the initiative to work in an independent and reliable manner. In this important role, the Senior Asset Manager - Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans. The Senior Asset Manager – Special Assets will possess the ability to identify existing and emerging risks from both a financial and physical condition perspective and make risk mitigating recommendations to management.

Requirements

Strong analytical and financial modeling skills
Knowledge of real estate markets, valuation methodologies, and loan structures
Strong Microsoft Excel and Word proficiency
Strong math, verbal, writing, and organizational skills
Strong time management skills and ability to operate under demanding deadlines
Ability to multitask and work on several transactions simultaneously
Ability to recognize and mitigate risk
Excellent attention to detail
Ability to work independently and in teams
Ability to travel as needed
Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)
Four years experience in multifamily and/or commercial real estate finance or property management.
Must be able to physically inspect multiple residences and common areas at multiple apartment complexes, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complexes, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend.
Position requires travel up to 25% of time. Travel shall include various modes of travel (including but not limited to planes, trains and automobiles) to different time zones and requires overnight lodging.
Candidates must be authorized to work in the United States without sponsorship.

Responsibilities

Review annual and quarterly financial statement analyses for multifamily and senior housing properties identifying individual property and portfolio level trends
Perform property inspections nationwide (requires about 25% travel), complete inspection reports, and make risk mitigating recommendations to reduce financial, operational, and reputational risks for the lenders
Analyze trouble assets, including non-performing and distressed properties to determine appropriate next steps
Manage a portfolio of high-risk loans, monitoring performance and implementing risk mitigation strategies
Regularly review risk ratings on properties using both an internal matrix and various agency guidelines
Consistently review and analyze portfolio level data to identify emerging risks both at the individual deal level as well as portfolio level
Recommend transition to and from Special Assets when it is apparent that a property has materially declined or improved
Review and approve replacement reserve disbursement requests based on property condition and future capital needs
Review and approve releases from other escrows including repairs, insurance loss, rental achievement, etc.
Understand and assist in the review of special requests such as transfers, easements, partial releases, management changes, insurance losses, etc. on high-risk loans
Prepare analyses and reports as required by Fannie Mae, Freddie Mac, and JLL for Special Assets
Identify and evaluate troubled markets and sub-markets and communicate findings to internal and external stakeholders
Identify and evaluate trends in actual property operations compared to underwritten property operations
Use technology and other available tools to identify potential mortgage fraud
Attend industry conferences and calls to stay apprised of new developments
Assist in developing and writing internal policies and procedures, as required
Other duties as deemed necessary