Asset Manager (Denver) - 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.
• Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general CRE knowledge.
• Assist team members on advanced or complicated consent requests.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Assist Manager(s) with monitoring team tasks, reviewing write-ups / recommendations, quality control, and lender feedback.
• 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 post-closing deferred maintenance items or other high-risk items identified during the annual inspection.
• Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
• Review and make recommendations for releases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI / LC, and insurance loss.
• Monitor and update monthly loan reports utilized by lenders 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.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Minimal business travel for lender visits, industry / company conferences, etc. (1-3 times per year).
• Serve on procedure committees updating policies for the Portfolio & Asset Management Department.
• May participate in department strategic initiatives.
• Perform other reasonable tasks / projects as assigned within department.

What We're Looking For :

Colorado Residents : Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Asset Manager position is $76,000.00 annually or [$36.54 per hour] and the maximum salary is $103,000.00 annually [or $49.52 per hour]. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. 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!

Salary : $76,000 - $103,000