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1 Director of Agency Asset Management Job in Cleveland, OH

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BEREC Bellwether Enterprise Real Estate Capital, LLC
Cleveland, OH | Full Time
$133k-234k (estimate)
3 Weeks Ago
Director of Agency Asset Management
$133k-234k (estimate)
Full Time 3 Weeks Ago
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BEREC Bellwether Enterprise Real Estate Capital, LLC is Hiring a Director of Agency Asset Management Near Cleveland, OH

As a key member of the senior management team, the Director of Agency Asset Management oversees the Agency portion of a servicing portfolio valued at approximately $52.0 billion, encompassing over 5,200 loans. The portfolio represents a growing segment of the overall corporate business model. This role is pivotal in managing a team dedicated to maintaining and enhancing the value of multifamily and commercial real estate properties financed through various programs including FHA/HUD, USDA, Freddie Mac, Fannie Mae, Bridge/structured Finance and various CMBS initiatives. The Director will collaborate closely with internal teams, borrowers, and external stakeholders to mitigate risks and ensure compliance with loan agreements. Major Responsibilities: Team Leadership: Responsible for overseeing departmental operations, improving productivity, and ensuring overall efficiency and effectiveness in processes. This role involves strategic planning, managing people, and making advanced business decisions. Portfolio Oversight: Lead asset management activities to monitor and mitigate financial, credit, operational, physical, ownership, and market risks associated with the portfolio. Stakeholder Management: Maintain and enhance relationships with borrowers, guarantors, government agencies, and other industry professionals. Ensure excellent customer service by responding promptly to inquiries and fostering strong partnerships. Risk Management: Collaborate with the Director of Risk and Chief Credit Officer to identify and implement risk mitigation strategies. Oversee property inspections and recommend corrective actions for any issues identified. Financial Management: Manage reserve withdrawals, ensuring compliance and approval for borrower reimbursements. Oversee borrower requests, and other significant financial activities pertaining to the portfolio. Minimum Requirements: Experience: At least 7 years of relevant experience in real estate asset management, finance, or related fields. Education: Bachelor’s degree in Business, Finance, Accounting, or a related field. Skills: Strong analytical, financial, and leadership skills. Proficient in Microsoft Excel and PowerPoint. Excellent communication and interpersonal skills to effectively manage relationships and interact with stakeholders. Knowledge: Extensive experience with Fannie Mae, Freddie Mac, FHA, and HUD programs. Management: Relevant experience managing and developing a team of professionals. Desired Qualities: Ability to manage multiple priorities and meet deadlines in a dynamic environment. Strong presentation skills and the ability to influence at all levels of the organization. Proactive in identifying opportunities for improvement and capable of implementing innovative solutions. This role is designed for a visionary leader who thrives in complex, high-stakes environments and is committed to excellence in real estate asset management. We encourage you to explore the career opportunities we have available here at Bellwether Enterprise! Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes Bellwether Enterprise a place of growth, productivity, and ingenuity.

Job Summary

JOB TYPE

Full Time

SALARY

$133k-234k (estimate)

POST DATE

05/19/2024

EXPIRATION DATE

07/17/2024

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