Asset Manager - Surveillance

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $13 billion in loan originations in 2023. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the 1 Overall HUD Multifamily and Healthcare Lender in the country.

Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. A highly philanthropic company, Greystone donates more than half of its profits to charity each year. We are seeking an Asset Manager to join our Fannie Mae/Freddie Mac Asset Management team.

This role will be responsible for monitoring the risk of multifamily loans and working closely with borrowers and property management agents to identify and create solutions for emerging risks. The successful candidate is self-motivated, detail-oriented, and has a strong knowledge of real estate markets with an emphasis on multifamily assets. This role has the opportunity to work remotely.

Primary Duties and Responsibilities: Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans. Serve as the responsible party for all related deliverables or communications between internal and external customers.

Monitor borrower compliance with loan documents to ensure loan covenant compliance requirements are managed effectively. Work with borrowers, property management agents, and external and internal parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults. Solicit property operating statements and perform financial statement analysis.

Prepare action plans and/or recommendations on troubled assets for presentation to senior management and investors. Perform and/or review property site inspections to ensure appropriate maintenance practices by borrowers (as required). Prepare risk rating recommendations and transfer recommendations for assets within the assigned portfolio. Assist with routine borrower consent requests within the assigned portfolio (as required). Other responsibilities and duties as assigned.

Experience, Skills, and Abilities Required: Bachelor’s degree in Finance, Real Estate, Accounting, Economics, and/or a minimum of 2-3 years of experience in multifamily real estate with an emphasis on risk/financial analysis, valuations, relationship management, workouts, capital markets, or asset management. Experience working with Fannie Mae and/or Freddie Mac multifamily loans is a plus.

Understanding of loan documentation and real estate on a business level. Firm understanding of the multifamily market to identify softening and deterioration across an assigned portfolio. Familiarity with third-party reports such as Physical Condition Assessments, Appraisals, and Broker Opinions of Value.

Proficiency in Microsoft Office products including Word and Excel. Familiarity with Microsoft Dynamics is a plus. Good organizational skills.

Strong verbal and electronic communication skills. Exhibit self-motivation whether working independently or as part of a team. A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.

At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.