Portfolio Manager Minneapolis - Commercial Real Estate Finance
Portfolio Manager Minneapolis - Commercial Real Estate Finance
Posted on :
05-04-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Yearly Salary
$ 85000 - 110000
Vacancy
1 Vacancy
Posted on :
05-04-2025
Job Description
Portfolio Manager
Northmarq Minneapolis MN (Bloomington MN)
At Northmarq you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors providing our clients access toexperts in debt equity investment sales loan servicing and fund management. We offer you a career path withbestinclass training and we foster inclusive teams committed to collaboration mentoring and growth. At Northmarq we will help you unlock your potential whether you are an industry veteran or youre just getting started.Your new career is waiting. Start something special today.Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!
This position requires a deadlinedriven service focused and detailoriented individual who will be responsible for financial statement and rent roll analysis watchlist/surveillance reserve disbursement requests new loan audits underwriting borrower consent requests calculating/coordinating loan payoffs and satisfying investor requirements. The focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added as the company grows (In line with department goals and objectives).
This position offers a flexible work environment and is available for an immediate start.
Position Responsibilities:
- Plan and schedule own workload to efficiently meet benchmarks within the department.
- Provide premier customer service to lenders borrowers other servicing staff and regional offices.
- Manage a portfolio of commercial real estate loans spanning across various Life Insurance Company Lenders with varying requirements and regulations.
- Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of various Life Insurance Company Lenders and other investors.
- Follow up with borrowers and management companies regarding variances and general income and expense questions.
- Review and make recommendations for releases from reserves including replacement repair capital expenditure TI/LC and insurance loss.
- Monitor maturing loans and provide the required notices to borrowers.
- Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
- Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
- Underwrite and make recommendations for lender consent of borrower requests including lease approvals maturity extensions partial releases/substitutions of collateral easements condemnations ownership transfers loan assumptions etc.
- Calculate and coordinate loan payoff requests including yield maintenance calculations.
- Monitor and collect outstanding mortgage payments carefully documenting collection efforts.
- Grow and develop strong relationships with Northmarqs Life Insurance Company Lenders.
- Provide training and mentoring across the team on areas of expertise including analysis underwriting and general CRE knowledge.
- Assist team members on advanced and/or complicated consent requests.
- Assist Manager(s) with monitoring team tasks reviewing writeups/recommendations quality control and lender feedback.
- Minimal business travel for lender visits industry/company conferences etc. 13 times per year).
- Serve on procedure committees updating policies and procedures for Portfolio & Asset Management.
- Perform other reasonable tasks/projects as assigned within the department.
What Were Looking For:
- Bachelors Degree preferably in the finance real estate or accounting area.
- 46 years of experience in finance or accounting. Background in commercial lending or servicing preferred.
- Strong skills in Microsoft Outlook Excel and Word
- Strong knowledge of commercial real estate finance and commercial loan terminology
- Demonstrated underwriting and/or lender asset management experience on multifamily & commercial properties.
- Solid understanding of commercial real estate finance
- Demonstrated leadership and training abilities.
- Strong analytical and modeling skills
- Excellent verbal and written communication skills
- Passionate about customer service providing exceptional service to all internal and external customers
- Strongorganizational and prioritization skills with the ability to manage multiple assignments while meeting deadlines.
- Ability to work both independently and within a team with minimalsupervision.
- Demonstrated work ethic and willingness to work extended hours when necessary.
- Attention to detail and accuracy requiredrequired.
- Problem solving skills to reflect level of responsibilities.
- Ability to maintain sensitive and confidential information.
- Ability to maintain positive attitude in all situations.
Northmarq offers a highly competitive benefits package including: 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!
Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation including a candidates education training and experience. The salary range for the Portfolio Manager position is $85000.00 to $110000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidates skills qualifications and experience.
Required Experience:
Manager
Employment Type
Full-Time
Key Skills
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
