The Senior Asset Manager is responsible for the oversight of his/her assigned commercial mortgage loans, focusing on multi-family housing (Fannie Mae and Freddie Mac). With primary responsibilities for borrower credit requests and ensuring the continued financial viability of the underlying real estate collateral, s/he works with the Managing Director, Asset Management and his/her colleagues to optimize the use of technology, define and implement best practices and consistently achieve Key Performance Indicators.

 Duties and responsibilities 

• Analyze, underwrite and process borrower requests, including modifications of loan terms, easements, changes of property management firms, and releases of and transfers of collateral.
• Working in conjunction with the Surveillance team, ensure that borrowers remain compliant with loan documents, including preserving the collateral and making all required repairs within the specified time frame.
• Analyze property rent rolls and financial reports to confirm effective gross income, net operating income, debt service coverage, loan to value, physical and economic occupancy, and other relevant performance metrics.
• Conduct annual property inspections and/or review third-party inspections for properties located nationwide and ensure borrower addresses any noted deferred maintenance.
• Evaluate casualty losses and recommend appropriate course of action regarding use of insurance proceeds in compliance with loan documents. 
• Maintain a working knowledge of relevant local and regional market conditions to understand possible impacts to the collateral.
• As needed, analyze the strengths of and credit risks associated with individual and entity sponsors and owners.
• Make recommendations regarding monetary and performance/covenant defaults.
• As needed, perform analysis of the credit quality of the property, utilizing industry-standard real estate and financing analysis methods.
• Produce investor reports regarding the physical collateral, the credit risk associated with the loan, and specific action plans or recommendations for the lender. 
• Assist in mentoring and developing junior associates on the team.
• Participate in servicing and other company projects as requested. 

Qualifications

• Knowledge of all aspects of commercial mortgage loan oversight, preferably in a cross-functional team environment, including but not limited to:
• Commercial real estate valuation and underwriting
• Loan closing and boarding, billing and collections
• Loan documents, including covenants and triggers
• Letters of credit, reserves, UCCs, liens
• Loan modifications; property easements, releases, ownership transfers
• Lease abstracting and analysis
• Commercial property management practices 
• Property financial statement and rent roll analysis
• Property inspections and subsequent repairs, deferred maintenance
• Maturing loans and loan payoffs, loan defaults
• Strong leadership and problem-solving abilities
• Exceptional verbal and written communications skills
• Accuracy oriented with a sense of urgency and strong focus on customer service
• Strong interpersonal and organizational skills
• BBA in Finance, Real Estate or Accounting preferred, MBA a plus
• 7 years of loan servicing experience, predominantly commercial real estate loan servicing for multiple capital sources/investors, particularly GSE’s
• Working knowledge of commercial real estate finance including an understanding of all types of loans, property types and real estate lenders
• Demonstrated ability to succeed in an environment of uneven/cyclical workloads and tight deadlines
• Development of and management to Key Performance Indicators
• CCIM, CMB, CPM, or MBA CCMS Level I and/or II certification a plus
• Working knowledge of Enterprise! (or similar large scale servicing system)
• Medium to advanced MS Office skills