Asset Manager Jobs

About The Position

Requirements

• Bachelor's degree in economics, business, finance, or a related field
• 3+ years of experience in Asset Management required
• Demonstrated knowledge of Fannie Mae and Freddie Mac servicing guide requirements
• Strong analytical skills including financial analysis, risk evaluation, and use of MS Office products
• Excellent organizational and business writing skills
• Strong interpersonal and customer service skills with the ability to manage competing priorities and time-sensitive requests
• Ability to show ownership of your work, take on challenges, and acknowledge growth opportunities
• Courtesy, respect, and thoughtfulness in teaming with colleagues and stakeholders
• Ability to travel and operate a motor vehicle

Responsibilities

• Perform surveillance, risk assessment, and ongoing risk management for assigned loans, including reporting results to loan investors
• Conduct quarterly and annual financial analysis (collect financials, review statements, summarize findings, propose solutions)
• Manage loans on the internal watch list, including developing quarterly action plans, creating and maintaining monthly watch list comments, and presenting recommendations to senior management
• Perform property inspections for multifamily assets in various locations
• Manage and review third-party inspection reports and make recommendations based on results
• Coordinate annual property inspections with third-party vendors and follow up with borrowers to develop a course of action
• Monitor repair, completion, and other special escrows and prepare recommendations for disbursements
• Draft and distribute Reservation of Rights letters and implement default remedies as required
• Review and revise compliance of Letters of Credit as necessary
• Assist with market research and portfolio-level monitoring initiatives
• Communicate with clients to determine appropriate loan arrangements and provide responsive customer support
• Monitor borrower compliance with loan documents and inform management of risks or emerging issues
• Collaborate and problem-solve daily with teammates, clients, vendors, and other stakeholders
• Assist with data automation and process improvement initiatives within the Asset Management department
• May manage Credit Facility loans for compliance and process related transactions including collateral changes
• May prepare and finalize narratives for partnership interest transfers and post-closing items such as easements, partial releases, condemnations, or management changes
• Travel as needed for inspections, meetings, or portfolio responsibilities
• Perform other duties as assigned

Benefits

• Up to 83% subsidized medical payroll deductions
• Competitive dental and vision benefits
• 401(k) + match
• Pre-tax transit and commuting benefits
• A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance
• Paid maternity and parental leave, as well as other family paid leave programs
• Company-paid life, short and long-term disability insurance
• Health Savings Account and Healthcare and Dependent Care Flexible Spending
• Career development opportunities
• Empowerment and encouragement to give back – volunteer hours and donation matching