Position Responsibilities
- Plan and schedule own workload to efficiently meet benchmarks within the department.
- Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
- Manage a portfolio of commercial real estate loans spanning across various Life Insurance Company Lenders with varying requirements and regulations.
- Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of various Life Insurance Company Lenders and other investors.
- Follow up with borrowers and management companies regarding variances and general income and expense questions.
- Review and make recommendations for releases from reserves including replacement, repair, capital expenditure, TI / LC, and insurance loss.
- Monitor maturing loans and provide the required notices to borrowers.
- Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
- Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
- Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases / substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
- Calculate and coordinate loan payoff requests, including yield maintenance calculations.
- Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
- Grow and develop strong relationships with Northmarq’s Life Insurance Company Lenders.
- Serve on procedure committees updating policies and procedures for Portfolio & Asset Management.
- Introduction to training and mentoring across teams on areas of expertise including analysis underwriting and general CRE knowledge
- Perform other reasonable tasks / projects as assigned within the department.
What We're Looking For :
- Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
- 2-5 years of experience in finance or accounting. Background in commercial lending or servicing preferred.
- Strong skills in Microsoft Outlook, Excel, and Word
- Familiar with commercial real estate finance and commercial loan terminology
- Strong analytical and modeling skills
- Excellent verbal and written communication skills
- Passionate about customer service, providing exceptional service to all internal and external customers
- Strong organizational and prioritization skills, with the ability to manage multiple assignments while meeting deadlines
- Ability to work both independently and within a team, with minimal supervision
- Demonstrated work ethic and willingness to work extended hours when necessary
- Attention to detail and accuracy required
- Problem-solving skills to reflect the level of responsibilities
- Ability to maintain sensitive and confidential information
- Ability to maintain a positive attitude in all situations
Northmarq offers a highly competitive benefits package including : medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more! Colorado Residents : Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience.
The minimum salary for the Loan Portfolio Analyst II position is $65,000.00 annually or $31.25 per hour and the maximum salary is $88,000.
00 annually or $42.31 per hour . The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.