Transactions Manager - Asst. Vice President
About The Position
Manage staff of underwriters and support staff in the Transactions Department which processes and underwrites borrower requests for assumptions, modifications, waivers and consents. The requests underwritten pertain to commercial mortgage loans serviced by the Company and may range from simple transactions involving one property to highly complex transactions involving subordinate debt and multiple properties. Transactions recommended for approval must conform to the terms of existing loan documents and loan servicing agreements. Essential Job Functions The Manager - Asst. Vice President oversees a staff comprised of underwriters and support staff. Responsible to monitor the individual capacity and expertise of direct reports in assigning new borrower requests for processing. Will handle the review of underwriting packages annually and manage the risk associated with each transaction prior to signing under his/her delegated authority or presentation to authorized signers for approval. In addition to managing staff, Manager - Asst. Vice President may also underwrite some direct assignments. Ownership tol communicate with borrowers, attorneys, real estate investors, internal staff, other loan servicers and rating agencies to process and close each transaction. The Manager - Asst. Vice President establishes and maintains performance standards which manage operational risk and satisfy industry and contract requirements. The Manager will train or oversee the training if new staff and ongoing training of existing staff, as needed.
Requirements
- BS in Business/Finance
- 3-4 years commercial mortgage loan servicing and/or underwriting experience
- Excellent verbal and written communication skills
- Strong analytical skills
- Microsoft Word and Excel
Nice To Haves
- Experience in real estate which may include underwriting, closing, loan surveillance, loan servicing, or special servicing.
Responsibilities
- Manage staff of underwriters and support staff in the Transactions Department
- Monitor the individual capacity and expertise of direct reports in assigning new borrower requests for processing
- Handle the review of underwriting packages annually and manage the risk associated with each transaction prior to signing under his/her delegated authority or presentation to authorized signers for approval
- Underwrite some direct assignments
- Communicate with borrowers, attorneys, real estate investors, internal staff, other loan servicers and rating agencies to process and close each transaction
- Establish and maintain performance standards which manage operational risk and satisfy industry and contract requirements
- Train or oversee the training if new staff and ongoing training of existing staff, as needed
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
