Healthcare Asset Manager

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Job Type

Full-time

Description

Merchants Capital is one of the nation's top financing providers for refinance, acquisition, new construction, and substantial rehabilitation for multifamily, affordable, seniors housing & healthcare, and student housing. Whether clients are considering Freddie Mac, Fannie Mae, HUD/FHA insured, tax credit equity, or balance sheet financing, our personalized services can help Borrowers meet their financing objectives through the creativity of a small lender with all the capabilities of a large institution.

Our Healthcare Asset Manager will play an important role in managing assets within Merchants Bank's balance sheet portfolio. The Asset Manager will be exposed to a variety of lending products such as Refinances, Recapitalizations, and Acquisitions. You will be tasked with monitoring the performance of all assets within their portfolio, tracking the path to permanent financing, and conducting risk assessments such as calculating ratios, trends, and numerous mathematical computations, all while providing exceptional customer service. This is achieved through effectively utilizing in-house software to monitor and administer an assigned portfolio of bridge loans.

After one year as a Healthcare Asset Manager, you will know you were successful if you…

• Maintain a detailed working knowledge of each project within the assigned portfolio.

• Maintain a working knowledge of interdepartmental processes within the life of a loan.

• Collect, review, and provide a risk assessment analysis on monthly, quarterly, and annual financial statements.

• Monitor projects for compliance within the Agreements.

• Provide loan updates to participant banks and outside investors.

• Perform covenant compliance testing, individual property releases, and loan grading and sponsor score evaluations.

• Work with a centralized database system to track project data.

• Perform site visits as necessary to each seniors housing facilities.

• Review, document sponsor plans and develop strategies for upcoming maturities.

• Collaborate with the Loan Originations Team to provide strategic direction on permanent financing.

• Draft credit memos analyzing the viability of cash flow, and assess market risk factors and possible risk mitigations.

• Review and approve replacement reserve draws for each project.

• Assist the Capital Markets Team with the execution of Securitizations.

Requirements

What we are looking for…

• Requires a minimum of a high school diploma or GED from an accredited institution.

• Minimum of two (2) years of industry experience preferred with an emphasis on banking/general loan administration and/or real estate financial management.

• Requires solid math skills such as multiplying, dividing, and basic ideas for calculating loan-related amounts.

• Requires an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experience.

• Requires successfully demonstrated problem-solving skills with a self-start mentality that responds well to work pressure and urgent deadlines.

• Requires excellent written and verbal communication skills with an ability to actively listen and respond appropriately.

• Requires the ability to critically think and find solutions when answers are not always clear.

• Encourages strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.

• Ability to clearly articulate the meaning of a data set.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.

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