Asset Management Analyst II (Dallas) - Commercial Real Estate Finance

Position Responsibilities

• Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
• Manage a portfolio of Agency and / or CMBS loans with varying requirements and regulations.
• 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.
• Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
• Follow up with borrowers regarding variances and general income and expense questions.
• Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc.
• Review property repair verification inspections conducted by third-party vendors and regional offices.
• Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
• Monitor post-closing repairs to ensure they are completed timely and in a good workmanlike manner.
• Review and make recommendations for releases from reserves including capital expenditure, repair, TI / LC, debt service reserve, rental achievement, and insurance loss.
• Process Insurance loss requests, manage proceeds, and monitor the restoration of the property.
• 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.
• Introduction to training and mentoring across teams on areas of expertise including loan events, various processes, and general commercial real estate knowledge.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Serve on procedure committees updating policies for the Portfolio & Asset Management division.
• 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 asset management 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 our internal and external clients.
• 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
• Attention to detail and accuracy required
• Problem-solving skills to reflect the level of responsibilities
• Ability to maintain sensitive and confidential information

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!