What are the responsibilities and job description for the Analyst - Cash Management position at JLL?
Job Title: Analyst, Cash Management
Department: Asset Management
Reports to: Portfolio Manager, Asset Management
Description: The Analyst will work in collaboration within Asset Management to implement value-added strategies for JLL Real Estate Capital, LLC (“JLL REC”) across all property types while maintaining the core ethical values of JLL REC. The Analyst will work in collaboration with the Cash Asset Management team members to serve key stakeholders for cash management processes to develop, manage, and retain Lender relationships. The Analyst, with guidance from the Senior Analyst and Portfolio Manager, will be expected to proactively manage risk while being available as direct support for the Asset Management team for cash management needs.
Essential Job Functions:
Department: Asset Management
Reports to: Portfolio Manager, Asset Management
Description: The Analyst will work in collaboration within Asset Management to implement value-added strategies for JLL Real Estate Capital, LLC (“JLL REC”) across all property types while maintaining the core ethical values of JLL REC. The Analyst will work in collaboration with the Cash Asset Management team members to serve key stakeholders for cash management processes to develop, manage, and retain Lender relationships. The Analyst, with guidance from the Senior Analyst and Portfolio Manager, will be expected to proactively manage risk while being available as direct support for the Asset Management team for cash management needs.
Essential Job Functions:
- Build and maintain collaborative relationships with Asset Management to retain lenders who have cash management needs
- Assist Portfolio Manager in effectively identifying lender requirements and provide solutions and participate in various aspects of management and monthly reviews for lenders
- Leverage loan document requirement implementation ensuring superior onboarding and borrower and lender experience. Accountable for appropriate documentation completion
- Coordinate proper implementation of lockbox processes that fail required metrics.
- Assist Senior Analyst and Portfolio Manager in providing comprehensive recommendations based on lender cash management requirements
- Contribute to data compilation to assist with audit and department initiatives.
- Adhere to all risk policies and procedures
- Assist in updating policies, procedures, and best practices
- Coordinate ad-hoc reporting as requested by lenders
- Provide additional assistance to Portfolio Manager with asset management tasks, including analyzing annual and quarterly financial statements and in accordance with Servicing best practices and the requirements of lenders
- Participate in Asset Management related meetings as requested
- Other duties as assigned
- Undergraduate degree in a business-related field (i.e. Finance, Accounting, Real Estate, Business) with 1-3 years’ experience in real estate and/or commercial real estate finance or property management or equivalent work experience, cash management experience preferred
- Knowledge of commercial loan documents preferred
- Strong time management skills and ability to operate under demanding deadlines
- Ability to multitask and work on several transactions simultaneously
- Strong financial acumen including the ability to read and understand income statements/operating budgets
- Knowledge and understanding of financial concepts, payment processing, and commercial banking operations is a plus
- Proven record of accomplishment of performance and strong communication skills
- Self-motivated and ability to participate effectively in a highly collaborative work team
