Senior Associate, Asset Management

Financial Services

SeniorAssociate,AssetManagement-AgencyWatchlist

$95–135k ~AI est. Overland Park, Kansas, United States FULL TIME Remote Friendly
Market Sentiment
HIGH DEMAND

Neural analysis suggests this role is
optimal for Senior candidates.

The Brief

“Senior Associate, Asset Management - Agency Watchlist at Senior Associate, Asset Management. Skills: Loan surveillance, Risk assessment, Loss mitigation. Perform loan surveillance activities. Maintain loan servicing files”

What You'll Achieve.

Protect company from default; Avoid defaults; Cure defaults

Industry & Context.

Financial Services
Problems you'll solve

Analyze real estate financials; Identify loan risk; Assess loan risk; Analyze loss share liability

Eligibility Requirements

30 % travel

What They're Looking For.

Must Have

More than 7 years of associate or equivalent experience, Bachelor’s Degree in business administration, finance, accounting or related area, MBA certified to independently conduct property inspections, Comprehensive understanding of multifamily real estate, Comprehensive understanding of loss mitigation terms, Comprehensive understanding of agency life of loan functions and players, Ability to independently analyze real estate financials, Comprehensive understanding of PSA/SSA and agency loan agreements, Comprehensive knowledge of servicer advancing on tax, insurance, and principal & interest, Proficiency in Microsoft Office

Nice to Have

Experience working with Fannie Mae multifamily loan servicing, Experience working with Freddie Mac multifamily loan servicing, Experience with CMBS loans in Special Servicing

What You'll Do.

Perform loan surveillance activities

Maintain loan servicing files

Collect and analyze financials

Communicate escrow analysis changes

Deliver delinquency notices

Process replacement reserve draws

Process and document post-closing transactions

Process loan payoff and payoff by assignments

Identify and assess loan risk and mitigants

Orchestrate loan workout activities

Calculate quarterly specific reserve

Analyze loss share liability

Conduct and write up MBA property inspections

Monitor deferred maintenance repairs

Write up watchlist risk memos

Present to senior management

Work professionally and harmoniously with team

How You'll Work.

Team & Collaboration

Work with bankers; Work with associates; Work with external counsel; Work with government agency personnel; Work with third parties; Work with borrowers; Work with operators; Work with management agents; Work with agencies; Work with legal counsel; Work with team and coworkers

Communication Scope

Presentation skills; Interpersonal skills; English language; Verbal communication; Written communication

Process & Methodology

Plan assignments, Organize assignments, Prioritize assignments, Manage multiple assignments, Manage multiple transactions

Full Job Description

**Purpose and Job Summary:** The Senor Associate will perform the loan servicing activities of the GSE Asset Management – Agency Risk team to monitor loan performance, collateral condition, and to protect the company from default. This position helps to monitor compliance with loan terms and government agency loan program guidelines and works with other LSAM associates to address financial/operational issues to avoid or cure defaults. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing requests. **Essential Duties and Responsibilities:** * Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements. Tasks include but are not limited to: maintaining loan servicing files with detailed documentation in an organized manner, collecting and analyzing financials, communicating escrow analysis changes, delivering delinquency notices, and processing replacement reserve draws * Responsible for a portfolio size up to 40 loans with limited to complicated nonperforming characteristics * Independently process and document post-closing transactions including property management changes, collateral releases, assumptions and transfers * Independently process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvals * Independently identify and assess loan risk and mitigants * Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel * Responsible for calculating quarterly specific reserve and analyze loss share liability * Conduct and write up MBA property inspections independently and monitor deferred maintenance repairs * Write up watchlist risk memos for quarterly risk meetings and present to senior management * Work professionally and harmoniously with team and coworkers * Travel Requ

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