What are the responsibilities and job description for the Asset Manager position at BEREC Bellwether Enterprise Real Estate Capital, LLC?
Summary:
Responsible for completing Fannie Mae, Freddie Mac and Life Insurance Company special request items including but not limited to Assumptions, Transfers of Interest, Easements, short-term extensions, collateral alterations or releases, lease approvals, insurance losses etc.
Responsible for identifying and mitigating the credit, financial, operational, physical, and market risks impacting the properties collateralizing its commercial real estate serviced portfolio.
The person filling this position will work directly with all team members, as well as borrowers, guarantors, local/state/federal government agencies; developers, owners, managers, and other industry groups all intent on providing and maintaining sound financing of the nation’s commercial and multifamily real estate.
Major Responsibilities:
Perform special request asset management and servicing consent request activities. These will be post-closing items that fall outside of typical day-to-day asset management.
Responsible for taking on a varied portfolio of requests and working through the transaction from inception to completion.
Communicate across different lines of business. Transaction types will vary as well as lenders and include Freddie Mac, Fannie Mae, Banks, and Life Insurance Companies.
Review and complete requests of varying complexity, including Assumptions, Transfers of Interests, Easements, collateral releases, lease review approvals, loan modifications and extensions, insurance losses, etc.
Review and analysis of property financials.
Ordering, review and analysis of property inspections, appraisals, Phase 1 Environmental, and insurance.
Monitor Borrower’s compliance with the Loan Documents; and advise senior management of any perceived risks and/or issue within the assigned portfolio; thereby mitigating risks of default.
Ability to meet tight time limits and deadlines and hold oneself accountable.
Promote and participate in an established team atmosphere.
Minimum Requirements:
Undergraduate degree required to apply.
Prior real estate asset management, servicing, and portfolio management experience is a plus.
Ability to understand organizational structures and create org charts is desired.
Strong written and verbal communication skills
Good analytical and mathematical skills
Ability to follow instructions and take directions from manager.
Ability to work well with others but to be able to also work individually
Must exhibit and exemplify the values of the company:
Experience reviewing loan documents, policy and procedures and real estate underwriting.
Familiar with leases, SNDAs, operating agreements, real estate appraisals, environmental reports, CMBS and Freddie securitized transactions is a plus.
Ability to manage multiple assignments, meet deadlines, coordinate, and communicate effectively, and provide excellent customer service.
We encourage you to explore the career opportunities we have available here at BWE!
