Special Assets Associate I - Trust Real Estate
About The Position
Provides management and analysis of fiduciary, investment and operational processes surrounding special asset valuations and asset set up and movement. When a fiduciary analyst has an issue or question pertaining to a special asset they will reach out to this group. Analyzes complex documentation including subscription agreements, operating agreements, management letters, annual reports, and financial statements to ensure proper documentation, valuation, and treatment of special assets to conform with regulatory and compliance requirements. Provides consultation, direction and advice to internal and external customers & service providers related to special assets. Reviews existing processes and drives improvements/implementation. Updates standard operating procedures and ensures non-standard processing is in accordance with AMG's risk appetite. Participates in and serves as subject matter resource for projects. Reviews reports to identify exceptions, monitor quality, and ensure compliance. Participates in risk mitigation activities and ensures all activities comply with regulatory and policy and procedure requirements. Executes complex transactions/processes utilizing standard procedures and at times addresses unique situations and verifies work processes to ensure completeness, accuracy, and conformance to established service levels and applicable procedures.
Requirements
- University / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Accuracy and Attention to Detail
- Customer Experience Management
- Decision Making and Critical Thinking
- Effective Communications
- Financial Statement Analysis
- Managing Multiple Priorities
- Operational Functions
- Operational Risk
- Problem Solving
Nice To Haves
- Strong Excel and OneNote experience
- Solutions focused, adaptable and flexible
- Excellent communicator
- Knowledge of Real Estate
- Capital Management
- Commercial Real Estate Lending
- Decision Making
- Economic Policy
- General Ledger (GL)
- Investment Management
- Operations Processes
- Retail Banking
Responsibilities
- Provides management and analysis of fiduciary, investment and operational processes surrounding special asset valuations and asset set up and movement.
- Analyzes complex documentation including subscription agreements, operating agreements, management letters, annual reports, and financial statements to ensure proper documentation, valuation, and treatment of special assets to conform with regulatory and compliance requirements.
- Provides consultation, direction and advice to internal and external customers & service providers related to special assets.
- Reviews existing processes and drives improvements/implementation.
- Updates standard operating procedures and ensures non-standard processing is in accordance with AMG's risk appetite.
- Participates in and serves as subject matter resource for projects.
- Reviews reports to identify exceptions, monitor quality, and ensure compliance.
- Participates in risk mitigation activities and ensures all activities comply with regulatory and policy and procedure requirements.
- Executes complex transactions/processes utilizing standard procedures and at times addresses unique situations and verifies work processes to ensure completeness, accuracy, and conformance to established service levels and applicable procedures.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
