Sorry, this job is no longer accepting applications. See below for more jobs that match what you’re looking for!

Asset Management Analyst - Commercial Real Estate Finance

Expired Job

Northmarq Capital Washington , DC 20319

Posted 4 months ago

Asset Management Analyst

Location: Washington D.C. NorthMarq Capital Finance

NorthMarq Capital Finance is seeking a Asset Management Analyst who will assist the Asset Management departments in all departmental responsibilities to include financial analysis, physical asset inspections, risk management and watch loan oversight, collateral monitoring, and many types of customer requests received by the borrower or management team responsible for the property.

All Inquiries about this position or application status, please contact Maria Sather in Human Resources - NorthMarq Capital

Application must be submitted to be considered

ESSENTIAL ACCOUNTABILITIES:

  • Assist the Chief Asset Manager and all Asset Managers in department with the following functions:

  • Internal and external reporting.

  • Review new borrower welcome letter, loan amortization schedule and first billing statement received from servicing vendor for accuracy. Correct any inconsistencies and forward, via email to borrower including instructions on how to obtain future billing statements on-line and assist in completion of ACH payment request.

  • Conduct audit of the new loan set up on FICS (NorthMarq's Asset Servicing Application) and compare to loan documents for accuracy and completeness.Provide findings to cashiering vendor to make corrections where appropriate.

  • Complete Fannie Mae forms and authorization for new custodial accounts.

  • Analysis of quarterly operating statements for each asset in portfolio to determine cash flows, net operating income, debt service coverage, and financial trending.

  • Physical on-site property inspections; this includes interviewing on-site management along with walking units, common areas, and the exterior of the property to determine quality.

  • Submit property specific analyzed financial data along with property inspection forms to Fannie Mae in a timely manner.

  • Monitor and administer all collateral accounts to include Replacement Reserves, Repairs, Achievement Escrows, or other types. This includes analyzing invoices, payment receipts, and pictures in order to determine the validity of draw requests and authorization of the disbursement is approved. Ensure associated deadlines per the Agreements are met including any letter or credit expiration.

  • Monitor properties that have insurance casualty losses to include notification to Fannie Mae and obtaining all necessary documentation to place funds in escrow and process draw requests as required.

  • Use FICS (NorthMarq's Asset Servicing Application) to manage details of each account and be able to provide borrower with up to date information on their loan as day to day requests are needed.

  • Work with Fannie Mae, NorthMarq Capital Finance legal counsel, and borrowers in creating or extending deal specific agreements; these agreements include but are not limited to Amendments to and Replacements of Completion/Repair and Earn-out Agreements.

  • Work with NorthMarq contacts regarding issues such as loan payment, new account set-up, taxes, and insurance regarding properties in portfolio.

  • Monitor loans with higher risk profile through Risk Ratings and Watch Loan processes including internal Risk Rating and Watch Loan processes, submission of Action Plans to Fannie Mae and participating in Fannie Mae run conference calls to discuss NorthMarq Capital Finance Watch Loans.

  • Process requests related to transfers, assumptions, management changes, partial releases of security, and condemnation actions.

  • Monitor and ensure all loan conditions are properly tracked and being complied with through new loan set up activities and appropriate follow up ticklers and correspondence.

  • Process requests for Pay-offs, Loan Payment History, and Audit Confirmations

QUALIFICATIONS:

Education:

Bachelor's Degree, preferably in the finance, real estate or Business area.

Work Experience:

One to three years' work experience. New grad's welcome to apply. .

Demonstrated Technical Competencies:

Strong skills in all Microsoft Suite applications (Outlook, Excel, and Word, etc)

Demonstrated Professional Competencies:

  • Strong analytical and modeling skills

  • Excellent oral and written communication skills

  • Customer service oriented

  • Strong organizational and prioritization skills

  • Ability to work both independently and within a team, with minimal supervision

  • Ability to handle multiple projects and assignments; able to prioritize and meet deadlines

  • Demonstrated work ethic and willingness to work extended hours when necessary

  • Attention to detail and accuracy required

  • Problem solving skills to reflect level of responsibilities

  • Ability to maintain sensitive and confidential information

  • Ability to maintain positive attitude in all situations

See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Senior Credit Specialist Commercial Real Estate

TD Bank Group

Posted 2 days ago

VIEW JOBS 9/21/2018 12:00:00 AM 2018-12-20T00:00 Company Overview About TD Bank, America's Most Convenient Bank® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US. TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com. Department Overview Commercial Real Estate "CRE" focuses on high quality, top tier, and well-capitalized developers, professional managers, and owner/operators of investment real estate. Specific core asset classes include: Multi-Family, Office, Retail, and Industrial properties. Job Description The CRE Credit Specialist II is responsible for ensuring quality and compliance within an assigned portfolio, supporting new business development while applying credit risk policy and adhering to TDBG risk appetite. The CRE Credit Specialist II performs the credit underwriting and credit administration functions. The CRE Credit Specialist II works to achieve credit management objectives within the team. The job works closely with the Relationship Manager and Credit Officer to ensure consistency with the TD Bank Group's Risk Appetite Principles, including establishing the Borrower Risk Ratings and Facility Risk Ratings for new and existing credit relationships. Requirements Performs in depth credit analysis for which a majority of accounts consist of; highly diverse portfolios at the highest complexity; large pieces of a much bigger client portfolio that may include other institutions and input; risk factors that create large variables to create decisions on portfolios. Performs in depth credit analysis in partnership with Relationship Manager on potential and existing customers to determine alignment with TD Bank products/structure TD Credit Risk Appetite and credit policies/underwriting guidelines. Partners with the Relationship Manager on potential structure proposals that are in alignment with TD Bank products/structure, TD Credit Risk Appetite and credit policies/underwriting guidelines. Attends site visits and prospect/customer calls as needed or as requested. With support from the Credit Analyst, prepares credit applications for new and existing borrowers; Applications shall include new transactions, extensions, modifications, renewals and Annual Reviews. Ensures applications provide a high quality of risk assessment, credit structure, due diligence, and credit presentation and adheres to AIRB methodology and addresses TD Bank's profitability objectives. Manages the timely approval, documentation preparation and negotiation, and closing of new and existing transactions. Be knowledgeable of and operate within the applicable regulatory and compliance guidelines/policies & procedures (including but not limited to: AML, Privacy, Firewalls, Systems & Information Security, FCAC, etc.) and ensures that all staff complete required compliance attestations/training within required timelines. Ensures the managed portfolio is comprehensively monitored and controlled, adhering to and administered within approved guidelines and in line with established operating policies and procedures. Interprets and applies TD's risk management strategy (both credit and operational). Understands changing market conditions and remain knowledgeable of relevant industry issues. Manages aspects of the customer relationship including, but not limited to, reviewing reports and delinquencies, sign off of covenant compliance forms and determining strategy if failures occur, completing monthly monitoring; overseeing Credit Analysts that will provide support in these responsibilities. Qualifications 4 year Undergraduate degree; advanced degree in financial discipline preferred, other advanced degree considered 7-10 years' experience in related field. Excellent credit underwriting and administration skills; considered subject matter expert in complex credit understanding. Superior ability to identify and mitigate risk. Ability to provide value-add structuring alternatives for highly complex credits. Strong written and excellent verbal communication skills with solid business acumen. Solid interpersonal skills. Customer focused. Strong planning and organizational skills. Ability to problem solve in more complex situations. Technologically proficient. Inclusiveness At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential. If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process. EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity. TD Bank Group Washington DC

Asset Management Analyst - Commercial Real Estate Finance

Expired Job

Northmarq Capital