Associate, Asset Management
Finance
Associate,AssetManagementFNMA3
“Associate, Asset Management - FNMA-3 at Associate, Asset Management. Skills: Asset management, Commercial mortgage servicing, Financial analysis, Client service. Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs”
Industry & Context.
Creative and effective problem-solving skills; excellent organizational and analytical skills
30-40 % Travel Requirements
What They're Looking For.
Must Have
Associates or Bachelor’s degree with a concentration in Finance, Real Estate, Management or Business, Minimum one to two years of progressive experience in commercial mortgage servicing or commercial real estate asset management, interpersonal skills demonstrated by an ability to communicate effectively with colleagues, clients (internal & external), and various regulatory and industry contacts, Creative and effective problem-solving skills, excellent organizational and analytical skills, Ability to work with and understand financial concepts and perform financial analysis on multifamily and healthcare loans, An excellent customer service attitude, Proficiency in Microsoft Office and other relevant systems or software, Excellent organizational, communication, presentation, and interpersonal skills, Ability to plan, organize, and prioritize assignments, and to meet critical and established, Ability to manage multiple assignments and transactions simultaneously
Nice to Have
exposure to Fannie Mae a plus, An equivalent combination of education and experience which clearly demonstrates knowledge and skill set to perform the job functions may be considered, Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation), Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team, Flexibility and ability to work under pressure with tight deadlines and constant, Ability to adjust priorities in a changing environment, MBA Certified to perform inspections
What You'll Do.
Monitor physical condition of property collateral by reviewing or conducting property inspections
Follow up with borrower for completion of any required repairs
review and analyze property financial operations
Identify underperforming and potentially troubled assets and escalate
Prepare credit watch list rating write ups
Review documents from closing to perform loan set up of new or converted loans
Follow up with closing coordinator and legal counsel to collect any missing loan documents
Disseminate pertinent insurance
tax and other information from closing
Set up appropriate follow up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up
Review and approve disbursements from replacement reserves
and other collateral escrows
Make collection calls on loans where payments are not received within specified timeframes
Follow up to ensure payment receipt
Report status periodically
Participate in problem loan discussions or required research
Coordinate sending late payment letters and collection of late charges
Monitor loans under workout situations per modified documents and report as required
Ensure all loan related system changes per specific loan documentation and/or Investor requirements are completed
and financial certifications to the Investor
Review and approve loan pay offs per established procedures
Coordinate receipt of any loan assumptions
Initiate necessary changes to servicing system
Add to loan documents list in system
Notify other departments as applicable
Record agreements if required by Investors
Set appropriate ticklers for follow-up or future/pending changes as applicable
How You'll Work.
Team & Collaboration
communicate effectively with colleagues; work independently and as part of a high-performance team
Communication Scope
interpersonal skills; Ability to communicate effectively with colleagues, clients (internal & external), and various regulatory and industry contacts; Excellent organizational, communication, presentation, and interpersonal skills; excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)
Process & Methodology
Ability to plan, organize, and prioritize assignments, Ability to manage multiple assignments and transactions simultaneously
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