Senior Agency Asset Manager jobs in United States
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Northmarq · 3 days ago

Senior Agency Asset Manager

Northmarq is a unique capital markets resource for commercial real estate investors, providing clients access to experts in debt, equity, investment sales, loan servicing, and fund management. They are seeking an experienced Senior Agency Asset Manager who will be responsible for underwriting borrower consent requests, loan covenant review, financial statement analysis, and managing lender portfolios.

Real Estate Investment

Responsibilities

Manage a portfolio of increasingly complex Freddie Mac loans while strengthening relationships with key lenders and support senior team members with key tasks on more complex commercial real estate loans. Specific responsibilities include:
Work with a diverse range of Freddie Mac lenders, companies, private clients, and investment lenders, providing a personalized, client-centric experience tailored to each lender’s specific guidelines and requirements
Provide premier customer service to lenders, borrowers, other servicing staff and regional offices
Serve on procedure committees updating policies and procedures for Portfolio Management
Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system
Perform other reasonable tasks/projects as assigned within the department
Review and make recommendations for releases from reserves including replacement, repair, TI/LC, and insurance loss
Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Fannie Mae, Freddie Mac, Life Companies and other investors
Calculate and coordinate loan payoff requests, including yield maintenance calculations
Coordinate with legal counsel and borrowers to document and close transactions (same as Associate AM? Or different) upon final lender approval
Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk
Process insurance loss requests, manage proceeds, and monitor the restoration of the property
Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection
Follow up with borrowers and management companies regarding variances and general income and expense questions
Underwrite and formulate recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers etc
Responsible for oversight of assigned lender portfolios, including maintaining effective business relationships, monitoring team tasks, quality control, lender feedback, and providing internal approval of write-ups/recommendations
Assist Manager(s) with monitoring team tasks, reviewing write-ups, quality control, and feedback
Provide training and mentoring across team on areas of expertise including analysis underwriting and general CRE knowledge
Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc
Minimal business travel for lender visits, industry/company conferences, etc. (1-3 times per year)
Collaborate with Portfolio Management leadership to provide recommendations and execute on department goals/objectives
Assist team members on advanced and/or complicated consent requests
Conduct physical property inspections as needed
Participate in presentations and classroom style training for staff based on areas of expertise
Monitor maturing loans and provide the required notices to borrowers
Responsible for monitoring and following up with Borrowers on loan covenants across the portfolio to ensure compliance with Lender’s standards
Strategically manage workload to uphold portfolio standards and align with departmental objectives

Qualification

Commercial real estateLoan underwritingFinancial analysisMicrosoft ExcelAnalytical skillsCertified Realty InvestorCCIM certificationNegotiating skillsCustomer serviceLeadership abilitiesAttention to detailProblem solving

Required

Bachelor's Degree required, preferably in real estate, finance, or accounting
10+ years commercial real estate and/or loan underwriting experience

Preferred

Master's Degree is desirable, but not required
Strong skills in Microsoft Outlook, Excel, and Word
Strong knowledge of commercial loan terminology
Demonstrated underwriting and/or lender asset management experience on multifamily & commercial properties
Solid analytical and negotiating skills
Solid understanding of commercial real estate finance and capital markets
Demonstrated leadership and training abilities
Proven underwriting, modeling, and analytical skills
Excellent oral and written communication skills
Customer service oriented
Strong organizational and prioritization skills, with ability to handle multiple assignments while meeting deadlines
Ability to work both independently and within a team, with minimal supervision
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
Desired Completion of the Certified Realty Investor - Associate (CRI) or CCIM exams
MBA Inspector Certified

Benefits

Medical
Dental
Vision
Paid time off
401K match and an annual discretionary contribution based on business performance
Paid parental leave and adoption assistance
Education assistance
Volunteer paid time off
Charitable contribution match and so much more!

Company

Northmarq

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As a company built on the founding principle of integrity, we’re invested in your success.

Funding

Current Stage
Late Stage

Leadership Team

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Ani Paulson
Senior Vice President
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JoAnn Neau
Chief Marketing Officer
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Company data provided by crunchbase