drjobs Asset Management Analyst II Denver - Commercial Real Estate Finance

Asset Management Analyst II Denver - Commercial Real Estate Finance

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Job Location drjobs

Denver, CO - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Asset Management Analyst II Commercial Real Estate Finance
Northmarq Denver CO
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!
Northmarq is looking for an individual to join itsServicingdepartment as anAsset Management Analyst IIat ourDenver COoffice.This position requires a deadlinedriven servicefocused and detailoriented individual who will be responsible for underwriting borrower consent requests calculating/coordinating loan payoffs new loan audits financial statement and rent roll analysis watchlist monitoring reserve disbursement requests processing insurance losses and satisfying investor requirements. The focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives.
*This position offers a flexible work environment and is available for an immediate start.
Position Responsibilities:
  • Provide premier customer service to lenders borrowers other servicing staff and regional offices.
  • Manage a portfolio of Agency and/or CMBS loans with varying requirements and regulations.
  • 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.
  • Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
  • Calculate and coordinate loan payoff requests including yield maintenance calculations.
  • Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
  • Follow up with borrowers regarding variances and general income and expense questions.
  • Perform financial covenant testing calculations including NOI DSCR debt yield etc.
  • Review property repair verification inspections conducted by thirdparty vendors and regional offices.
  • Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
  • Monitor postclosing repairs to ensure they are completed timely and in a good workmanlike manner.
  • Review and make recommendations for releases from reserves including capital expenditure repair TI/LC debt service reserve rental achievement and insurance loss.
  • Process Insurance loss requests manage proceeds and monitor the restoration of the property.
  • 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.
  • Introduction to training and mentoring across teams on areas of expertise including loan events various processes and general commercial real estate knowledge.
  • Monitor and collect outstanding mortgage payments carefully documenting collection efforts.
  • Serve on procedure committees updating policies for the Portfolio & Asset Management division.
  • 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.
  • 25 years of experience in finance or accounting. Background in commercial lending or asset management preferred.
  • Strong skills in Microsoft Outlook Excel and Word
  • Familiar with commercial real estate finance and commercial loan terminology
  • Strong analytical and modeling skills
  • Excellent verbal and written communication skills
  • Passionate about customer service providing exceptional service to all our internal and external clients.
  • Strong organizational and prioritization skills with the ability to manage multiple assignments while meeting deadlines
  • Ability to work both independently and within a team with minimal supervision
  • Attention to detail and accuracy required
  • Problemsolving skills to reflect a level of responsibilities
  • Ability to maintain sensitive and confidential information
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!
Colorado Residents: Northmarq carefully considers multiple factors to determine compensation including a candidates education training and experience. The minimum salary for the Asset Management Analyst II position is $65000.00 annually or $31.25 per hour and the maximum salary is $88000.00 annually or $42.31 per hour. The compensation that is offered to a successful candidate will depend on the candidates skills qualifications and experience.


Required Experience:

IC

Employment Type

Hourly

Company Industry

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