What are the responsibilities and job description for the Asset Manager position at BEREC Bellwether Enterprise Real Estate Capital, LLC?
Summary:
The Asset Manager works with all Asset Management team members as well as borrowers, lenders, local, state and federal government agencies to preserve the value of the multifamily housing by collateralizing those Mortgage Loans
Major Responsibilities:
Monitor and track receipt of monthly/quarterly financials.
Confirm all documentation is filed appropriately and tracking logs are updated.
Identify Properties requiring a Property Inspection or interim PCA at least monthly and engage third party vendors through competitive bidding and negotiate contract terms.
Analyze and report on financial performance for an assigned portfolio of Loans.
Ensure (i) all documentation is saved in each Property’s Servicing File, and (ii) all reports are submitted to Fannie Mae on a timely basis.
Perform ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical, ownership and market risks impacting the multifamily properties collateralizing the portfolio, as assigned.
Coordinate ad hoc Borrower communications.
Coordinate data quality control with all Asset Managers.
Coordinate financial and inspection submissions for all TEAM Loans.
Coordinate with Internal Audit on annual reporting and compliance.
Assist with systems development and process improvement efforts.
Minimum Requirements:
(experience, education, ksa)
Minimum 3 years of relevant agency experience in commercial real estate asset / portfolio management, finance, or mortgage servicing.
Undergraduate business degree in general accounting, banking, finance, real estate, or relatable field is required.
Commercial real estate background desirable.
Ability to manage multiple assignments, meet tight deadlines, coordinate, and communicate effectively and cultivate new and existing relationships.
Good analytical, oral, and written communication and presentation skills.
Ability to work effectively in a diverse environment.
Good oral and written communication skills.
Creative and flexible approach to problem solving and organizational challenges.
This position is eligible to earn a base salary in the range of $74k to $95k annually depending on job-related factors such as level of experience and geographic location.
We encourage you to explore the career opportunities we have available here at BWE!
Salary : $74,000 - $95,000
