Senior Associate, Asset Management
Financial Services
SeniorAssociate,AssetManagement-AgencyWatchlist
Neural analysis suggests this role is
optimal for Senior candidates.
“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.
Analyze real estate financials; Identify loan risk; Assess loan risk; Analyze loss share liability
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
Applying for this Senior Associate, Asset Management - Agency Watchlist role?
Most applicants get filtered before a human reads their resume. See if yours makes the cut.
How to Apply on Workday
- Workday has a multi-step form — save your progress after every section.
- "Apply With LinkedIn" can fail or lose data; manual entry is more reliable.
- Watch for the "Submit for Review" final step — hitting "Save" alone does not submit.
- Job requisition numbers are useful when following up with HR by email.
ANONYMOUS · UNFILTERED
What do employees actually say about Senior Associate, Asset Management?
Real rants from real employees. Read before you apply.