Multifamily Portfolio Surveillance Senior
Multifamily Portfolio Surveillance Senior
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Job Description
At Freddie Mac our mission of Making Home Possible is what motivates us and its at the core of everything we do. Since our charter in 1970 we have made home possible for more than 90 million families across the country. Join an organization where your work contributes to a greater purpose.
Position Overview:
Do you have a passion for commercial real estate Do you have experience analyzing operating statements seeking out trends and detecting risks The Surveillance team within the Asset Management and Operations Department of Multifamily is looking for a hard-working self-motivated and analytical teammate who can evaluate real estate detect financial and physical risks and provide meaningful analysis to diverse stakeholders. Apply now and learn why Freddie Mac is #HomeToMore!
Our Impact:
The Surveillance Team within the Asset Management and Operations Department of Multifamily is responsible for detecting and managing credit regulatory and reputational risk to Freddie Mac that comes from loans or bonds in Freddie Mac Multifamilys investment transitional or specially serviced portfolio. Our team works closely with multiple groups within Freddie Mac Multifamily our Optigo customer network and the US Multifamily industry in general. Through our monitoring of credit quality and performance of our multifamily portfolio we provide the greatest recovery to investors and outstanding service to Borrower while ensuring compliance with government regulations and/or company policy.
Your Impact:
In this role you will be responsible for:
Assessing loan-level risk through analysis of operating statements and evaluation of property market borrower and property management
Reviewing servicer and third-party property inspections for quality control and risk determination; inspect properties throughout US to determine market position physical condition management quality. Some travel maybe required
Completing valuations business plans and impairment reviews on the higher risk loan population
Evaluating collateral loans and assisting in due diligence activities to determine the appropriate assignments of risk ratings and classifications of loans in our portfolio
Preparing Monthly CREFC IRP reports for Master Serviced loans and other reports for balance sheet products
Monitoring portfolio performance through review of Watch List delinquency reports
Performing data analysis on global portfolio to provide intelligence to internal customers and senior management regarding performance of multifamily assets
Preparing reports for management investors and regulator
Participating in initiatives to streamline business processes and further strengthen portfolio monitoring
Performing special projects as assigned
Qualifications:
Bachelors degree in finance Real Estate Business Administration Quantitative Analysis or related field or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired
Typically five to seven years related experience
Ability to manage multiple efforts simultaneously
Strong expertise in MS Excel with ability to create macros pivot tables excel functions charts etc.
Experience building and maintaining strong partnerships with internal and external customers
Strong verbal and written communication skills
Ability to prioritize and be self-directed
Strong organizational skills and even stronger work ethic
Proficiency with Other Microsoft Office products (Excel Word Power Point Teams)
Keys to Success in this Role:
Providing superior customer service while managing a large volume of requests
Knowledge of Multifamily Real Estate
Basic knowledge of multifamily property inspections and operations
Basic understanding of securitized lending structures such as CMBS and the parties and roles within those structures.
Understanding of Affordable Rental Housing including the Low-Income Housing Tax Credit program
Familiarity with developing complex spreadsheets including the use of Visual Basic for Applications (VBA)
Current Freddie Mac employees please apply through the internal career site.
We consider all applicants for all positions without regard to gender race color religion national origin age marital status veteran status sexual orientation gender identity/expression physical and mental disability pregnancy ethnicity genetic information or any other protected categories under applicable federal state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact us to request accommodation.
A safe and secure environment is critical to Freddie Macs business. This includes employee commitment to our acceptable use policy applying a vigilance-first approach to work supporting regulatory mandates and using best practices to protect Freddie Mac from potential threats and risk. Employees exercise this responsibility by executing against policies and procedures and adhering to privacy & security obligations as required via training programs.
CA Applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more please visit and register with our referral code: MAC.
Time-type:Full timeFLSA Status:ExemptFreddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $125000 - $187000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position experience skill set internal pay equity and other relevant qualifications of the applicant.Employment Type
Full-Time
