What are the responsibilities and job description for the Asset Manager position at BEREC Bellwether Enterprise Real Estate Capital, LLC?
Join Our Dynamic Team! Are you passionate about preserving the value of multifamily housing and ensuring the success of mortgage loans? We are looking for a dedicated and skilled Asset Manager to join our Agency (Freddie Mac) team. This role is not just a job; it's an opportunity to make a real impact in the community and work with finance professionals. About the Role: As an Asset Manager, you will collaborate closely with our Asset Management team, borrowers, lenders, and government agencies to ensure the financial health and value of multifamily properties. Your role will be pivotal in maintaining the integrity of our mortgage loan portfolio and fostering strong relationships with all stakeholders. Key Responsibilities: Financial Oversight: Monitor and track the receipt of monthly and quarterly financial reports to ensure timely and accurate data. Documentation Management: Ensure all necessary documentation is filed correctly and that tracking logs are up to date. Property Inspections: Identify properties that require inspections or interim PCAs at least monthly and engage third-party vendors through competitive bidding. Negotiate contract terms to secure the best deals. Financial Analysis: Analyze and report on the financial performance of an assigned portfolio of loans, providing insights and recommendations. Compliance and Reporting: Ensure all documentation is saved in each property’s servicing file and that all reports are submitted to Freddie Mac on time. Risk Management: Perform ongoing asset management and surveillance activities to identify, monitor, rate, and mitigate financial, credit, operational, physical, ownership, and market risks. Borrower Communications: Coordinate ad hoc communications with borrowers to address their needs and concerns. Data Quality Control: Work with all Asset Managers to ensure the highest standards of data quality. Financial and Inspection Submissions: Coordinate the submission of financial and inspection reports for all loans. Internal Audit Coordination: Collaborate with Internal Audit on annual reporting and compliance. Process Improvement: Assist with the development and enhancement of systems and processes to improve efficiency and effectiveness. What We’re Looking For: Experience: At least 5 years of relevant experience in multifamily agency real estate asset or portfolio management, or commercial mortgage servicing. Education: A bachelor’s degree in banking, finance, real estate, or a related field is required. Background: A commercial real estate background is highly desirable. Skills: Ability to manage multiple assignments and meet tight deadlines. Strong analytical, oral, and written communication skills. Effective coordination and relationship-building abilities. A creative and flexible approach to problem-solving and organizational challenges. Why Join Us? Impactful Work: Your efforts will directly contribute to the preservation of multifamily housing and the financial stability of our portfolio. Collaborative Team: Work with a dynamic and supportive team that values your contributions and fosters professional growth. Professional Development: Opportunities to enhance your skills and advance your career through ongoing training and development. Inclusive Culture: We celebrate diversity and are committed to creating a welcoming and inclusive workplace. BWE offers a highly competitive benefits package including medical, dental, vision, paid time off, 401k match, paid parental leave, education assistance and so much more! If you are ready to take on a challenging and rewarding role, apply today! We encourage you to explore the career opportunities we have available here at BWE! BWE 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 BWE a place of growth, productivity, and ingenuity.