What are the responsibilities and job description for the Mortgage Analyst I position at American Equity?
At American Equity we offer leading annuity products that help empower our clients to fulfill their needs and wants in retirement. Our success comes from hiring high-energy individuals who embody the beliefs that drive our unique culture. We currently fund over half a million retirements nationwide, and have been headquartered in West Des Moines, Iowa, for over twenty-five years with satellite offices in Charlotte, NC and New York, NY.
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GENERAL PURPOSE OF THE JOB:
Responsible for assisting with the management and servicing of the existing commercial real estate mortgage loan portfolio including the annual financial review and ongoing monitoring of the health of the portfolio, adherence to reporting requirements, and loan servicing requests. Also, working with Mortgage Originators to screen commercial mortgage loan opportunities through data input, research and analysis.
This role will be hybrid out of our West Des Moines, IA location.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Portfolio Management/Surveillance:
- Assists with the portfolio management function for existing commercial mortgage loans and asset management of equity investments, and provides ongoing analysis including the preparation of various recurring and ad hoc reports.
- Participates in the annual financial review of the commercial mortgage loans in the portfolio.
- Provides support for the quarterly review of loans on the Monitor List and Watchlist, and ongoing monitoring of the portfolio to identify heightened risk.
- Assists the Mortgage Originators to complete credit analysis work for potential problem loans (e.g., discounted payoff, loan modification/restructure, maturity extension, note sale, foreclosure), and implement solutions.
Loan Servicing:
- Works with the Mortgage Originators on commercial mortgage loan servicing issues and requests requiring underwriting input and approval.
- Facilitates the monitoring of upcoming commercial mortgage loan maturities and payoffs.
Loan Origination:
- Analyzes commercial mortgage loan requests through the review of loan packages; financial data input including property operating cash flow and rent rolls, quality and functionality of collateral, and sponsor commercial real estate expertise and financial strength.
- Gathers and evaluates economic, demographic and other commercial real estate market data, and conducts other research as needed.
- Contacts Correspondents to communicate progress of loan request/application and obtain any required information and documentation as needed.
- Prepares pre-screening and approval presentation materials, including the transaction’s investment risk and viability, for review by the Mortgage Originators.
- Works with the Mortgage Originators in the drafting of commercial mortgage loan applications.
- Assists the Mortgage Originators and Commercial Mortgage Closing staff to follow the loan through the closing process including the review of third party property reports and other due diligence items, and resolution of any closing issues.
Other:
- Travels with Mortgage Originators as necessary.
- Provides assistance on special projects and prepares reports as needed.
- Performs other related work as assigned.
SUPERVISORY RESPONSIBILITIES:
Direct Reports: None
General Description of Indirect Reports (2 and 3-downs): None
EDUCATION AND/OR EXPERIENCE:
Bachelor’s degree in Real Estate, Finance, Business Administration, Accounting or related field of study; plus, a minimum of one (1) year of related experience and/or training; or equivalent combination of education and experience.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
None required for this position.
KNOWLEDGE, SKILLS AND ABILITIES:
- Strong analytical and research skills with ability to accurately assess risk factors.
- Ability to apply advanced mathematical concepts and applications.
- Strong attention to detail.
- Proficient in the use of Microsoft Office applications with emphasis on Word, Excel and PowerPoint.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
- Effective written and verbal communication skills with ability to effectively present information and respond to questions from individuals and groups.
- Strong planning and organization skills with the ability to work on multiple assignments simultaneously.
- Strong customer service orientation and interpersonal skills.
- Ability to work cooperatively and successfully with co-employees and other outside third parties.
- Ability to build and manage external business relationships.
- Ability to travel up to 10% of the time.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
- Ability to write reports, business correspondence, and procedure manuals.
- Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
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