What are the responsibilities and job description for the Asset Manager, Commercial Mortgages position at ColumbiaNational Real Estate Finance, LLC?
The Asset Manager will have overall responsibility and ownership of a loan portfolio for various lenders with asset types including office, industrial, retail, multifamily, self-storage, and hotels. Candidate will serve as primary contact to borrowers and as an intermediary between borrowers and lenders.
Responsibilities :
- Provide excellent customer service to all stakeholders by responding promptly and effectively to basic and complex loan inquiries. Problem-solve inquiries as needed.
- Accurately and efficiently analyze financial statements including identifying and researching variances and normalizing to required standards.
- Evaluate health of assets using Debt Coverage Ratio, rent roll vacancy and tenant rollover, maturity, and physical risk metrics for designated portfolio.
- Identify and monitor watchlist loans based on CREFC or lender-specific watchlist criteria.
- Review and process time-sensitive transactions including construction / bridge loan draws.
- Analyze and facilitate consent requests including reserve disbursements, lease reviews, ownership transfers, insurance losses, condemnations, management company changes, easements, partial releases, and guaranty releases.
- Abstract legal documents and review appraisals.
- Identify, comprehend, and monitor the performance of key loan covenants and due dates.
- Review insurance Acords for compliance.
- Compile and review market information from Costar and other publications as needed.
- Review and perform property inspections.
- Manage random projects as assigned.
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